The government is working on reforms in the Special Economic Zone domain to facilitate the smooth movement of goods between the domestic tariff area and SEZ space without compromising the competitiveness of goods in export markets, according to Commerce Secretary Sunil Barthwal. He mentioned that the foreign trade policy has been designed to help exporters take advantage of the global …
New Delhi: The government on Tuesday proposed to replace the existing law governing special economic zones with new legislation to enable states to become partners in ‘Development of Enterprise and Service Hubs’. Presenting the Budget 2022-23, Finance Minister Nirmala Sitharaman said: “The Special Economic Zones Act will be replaced with a new legislation that will enable the states to become …
SEZ Act will be replaced with new legislation…for the development of enterprise and hubs… It will cover the existing industrial enclaves and enhance the competitiveness of exports, said FM Nirmala Sitharaman while presenting her Budget 2022 speech. In January, commerce secretary BVR Subrahmanyam had said: “If there is a unit in an SEZ facing the domestic market, it will behave …
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