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SEZ

Adani Food's pulses processing unit proposal in SEZ rejected

The government has rejected the proposal of Adani Food and Agro-processing Park to set up a pulses processing unit in a SEZ on the grounds that export of the commodity is prohibited.

Exemptions, incentives and GST don't go together: Commerce Secretary

Exemptions, incentives and GST don't go together: Commerce Secretary

Commerce secretary Rita Teaotia on Saturday told the exporting community that exemptions and incentives, which were being given for promoting exports would go away once the GST was in place.

Reports about cancellation of Rs 200 crore fine on Adani 'incorrect': Govt

Reports about cancellation of Rs 200 crore fine on Adani 'incorrect': Govt

Amid reports that Adani Port and SEZ Ltd (APSEZ) was spared a hefty fine of Rs 200 crore for environmental damage during construction of Mundra port, the Environment Ministry today said the claims are "incorrect" and it had imposed "more serious" responsibility on the firm without any cost limit.

Five developers approach govt with SEZ cancellation plea

Five developers approach govt with SEZ cancellation plea

Five special economic zone (SEZ) developers including Abex Infocom have approached the government to surrender their IT sector tax-free zones

Less than half of notified SEZ area utilised

Of the total notified area of 45,883 hectares covering 347 special economic zones (SEZ), only 18,913 hectares has been utilised for their development, Parliament was informed today.

Tata Steel SEZ to invest over Rs 2,000 cr in developing infra

Tata Steel SEZ to invest over Rs 2,000 cr in developing infra

The SEZ, which is a 100 percent subsidiary of Tata Steel, has received clearance from Odisha government for setting up an industrial park.

Grant 5-year tax holiday to manufacturing units in SEZs: CII to Govt

Industry body CII has demanded a one-time 100 percent income tax holiday of five years for manufacturing units in special economic zones, saying that the government's decision to impose MAT and DDT was not conducive for practical viability of units operating in SEZs.

Withdrawal of SEZ tax sops to hit exports, jobs: Trade body

The government should not withdraw any tax incentives from special economic zones as it might adversely impact exports and job creation, EPCES, a trade promotion body, Tuesday said.

Reliance Capital to set up global commodity exchange in IFSC at GIFT City

"This allotment is expected to bring in investment of around Rs 200 crore and generate employment for around 2,500 persons in next 3 years," GIFT MD and Group CEO Ramakant Jha said in a statement.

Foreign investment limit raised to 40% in Adani Ports & SEZ

The Reserve Bank has allowed foreign investors to invest up to 40 percent of the paid up capital in Adani Ports and Special Economic Zone Ltd (APSEZ) under the Portfolio Investment Scheme (PIS).

Chinese companies to set up units at GMR's Kakinada SEZ; invest $3.5 bn

GMR Infrastructure has inked a pact with GIIC of China to set up units at its special economic zone (SEZ) in Andhra Pradesh`s Kakinada, which will attract an investment of $3.5 billion over the next five years, a company statement said on Monday.

SEZ: ComMin to take up denotification, extension proposals Tuesday

The Commerce Ministry will on Tuesday take up 22 proposals of SEZ developers that have approached it to surrender their tax free zones.

Gujarat HC okays Adani power, port, mining rejig

Other Adani Group firms -- Adani Ports and Special Economic Zone and Adani Power -- also informed the BSE about the development in separate filings.

Infosys to Bengal: Either give SEZ or repay money

IT major Infosys has asked the West Bengal government to either give SEZ status to the company's proposed software development centre at Rajarhat or repay the money it has given in advance for the land.

SEZ: Govt withdraws duty benefits for power plants

The Commerce Ministry in a notification on guidelines for power generation in SEZs said the directive issued in March 2012 was being withdrawn and the position of February 2009 was being restored.

Export from Indore SEZ likely to touch Rs 3,500 cr in FY15

Export from the Special Economic Zone (SEZ) in Madhya Pradesh's Indore can touch Rs 3,500 crore in the current financial year if the bullish sentiment in global demand continues to drive the growth.

Commerce Ministry seeks withdrawal of MAT, DDT on SEZ in Budget

The Commerce Ministry has sought a re-look at the taxation regime for the special economic zones (SEZs) in the forthcoming Budget to boost exports and investments.

CII seeks cut in Minimum Alternate Tax to 10% in Budget

In its Pre-Budget memorandum for 2015-16 submitted to the Finance Ministry, it has "strongly recommended that MAT should be reduced to 10 percent...The entire provision of MAT needs to be re-examined to incentivize investments".

14 SEZ developers seek more time to implement projects

The inter-ministerial Board of Approval (BoA) chaired by Commerce Secretary Rajeev Kher will consider these requests at its meeting on September 18.

Govt aware of alternate tax issues: Sitharaman

Union Commerce and Industry Minister Nirmala Sitharaman on Saturday said that the government was aware that inventors in SEZs were facing issues related to minimum alternate tax and dividend distribution tax, and it was planing to usher in some curative policies.