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Govt cancels 22 SEZs, gives more time to 27 to execute projects

Last Updated: Wednesday, June 17, 2015, 15:45

The government has cancelled approvals of 22 special economic zones, including that of Tamilnadu Industrial Development Corporation and True Developers, as no "satisfactory" progress was made to execute the projects.

Mahindra Lifespaces, Sumitomo Corp tie up for industrial park

Last Updated: Thursday, May 28, 2015, 17:51

Both the companies will jointly be investing around Rs 375 crore with combination of debt and equity, which is likely to be equal.

Insurers allowed to set up offices in SEZs

Last Updated: Wednesday, April 8, 2015, 17:16

Domestic and foreign insurance companies have been allowed to set up IFSC Insurance Office in special economic zones if they meet certain conditions.

Govt eyes $900 billion exports by 2020; sops for exporters in FTP

Last Updated: Wednesday, April 1, 2015, 18:28

Unlike the annual reviews of the past, the FTP will be reviewed after two-and-half years to ensure continuity in the trade policy.

Commerce Ministry to take steps to improve ease of doing biz for SEZs

Last Updated: Tuesday, March 31, 2015, 14:29

As the removal of MAT and DDT is unlikely, the Commerce Ministry has initiated the exercise to facilitate ease of doing business for special economic zones (SEZs) to revive the interest of investors.

Govt foregoes Rs 28K cr revenue to boost exports from SEZs

Last Updated: Wednesday, March 18, 2015, 16:19

The government has foregone Rs 27,956 crore revenue during the last three financial years to boost exports from special economic zones (SEZs), Parliament was informed Wednesday.

SEZ board to meet after five months on Feb 20

Last Updated: Friday, February 6, 2015, 16:47

After a gap of about five months, the Board of Approval (BoA) headed by Commerce Secretary Rajeev Kher will take up different proposals related to special economic zones in the country on February 20.

Commerce Min amends norms to prevent misuse of SEZ land

Last Updated: Tuesday, October 15, 2013, 15:50

Developers seeking to surrender Special Economic Zones will have to give an undertaking that the land will be used in accordance with the recently amended guidelines so as to prevent its misuse.

8 developers to surrender SEZs; 13 asks for more time

Last Updated: Monday, August 26, 2013, 00:17

These requests will be considered by the 19-member Board of Approval (BoA), Chaired by Commerce Secretary S R Rao, at its meeting on August 30.

Govt eases land requirement norms for SEZ

Last Updated: Monday, August 12, 2013, 23:32

The government Monday relaxed SEZ rules concerning minimum land requirement and sale of units to make the scheme more attractive for investors.

'IT SEZ game changer;developers should move to smaller cities'

Last Updated: Wednesday, July 24, 2013, 14:52

Terming IT SEZs as "major game changer" in terms of employment and investments, a senior official in the Union Commerce and Industry Ministry on Wednesday said developers should now move to Tier II and III cities to disseminate similar benefits.

Govt allows gold exports from SEZs after value addition

Last Updated: Monday, June 17, 2013, 20:16

Concerned over decline in gold exports from SEZs following ban on its trading, the government has allowed units in these zones to export gold items after a minimum value addition of 3 percent.