The draft DESH Bill (2022) has removed the NFE criteria and addressed some of the most pressing concerns of SEZ units. While the Bill is the right step in terms of designing a policy on non-fiscal incentives, there is need for more clarity on the fiscal incentives for making it...
Bipin Menon, Development Commissioner, Noida SEZ, believes that import substitution is an inappropriate nomenclature for India’s policy thrust, which is primarily enhancement of domestic manufacturing capacities, including through strategic collaborations and export orientation. He illustrates this by analysing the intent and impact of India’s overall economic and trade policies, while...
ARM Reddy, Zonal Development Commissioner, Vishakhapatnam opines that operational SEZs in India have propelled its exports, boosted investments and generated employment opportunities as minimum investments with less compliance burden became a win-win to all the stakeholders. Special Economic Zones (SEZs) have played an integral role in India’s export performance over...
India has a clear window of opportunity today to become a global manufacturing hub. SEZs can definitely play a key role in helping India integrate with global value chains. Prof Parthapratim Pal, IIM Calcutta, deliberates on the possible contours for India’s SEZ policy in this context. India introduced the SEZ...
India’s SEZ policy has not been able to link incentives with servicification to enhance the global competitiveness of manufacturing units. Subsidising services used in manufacturing for exports is a common practice followed by many countries with SEZs, as this is WTO compliant. The manufacturing sector is now increasingly dependent of...
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