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Govt mulls converting unused airports into SEZs

Govt mulls converting unused airports into SEZs

The government is looking at converting some unused airports into special economic zones where aircraft leasing companies can park their planes and showcase them to potential customers, a senior official said .

Mahindra Lifespaces, Sumitomo Corp tie up for industrial park

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

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

Review of FTAs almost finalised: Sitharaman

"We did review the FTAs as well as the SEZs and the process is almost in the final stages," Sitharaman told reporters after a meeting on the jute industry here.

Unitech, UCP get BoA approval for stake sale in 5 SEZs

UCP and realty major Unitech are jointly developing five special economic zones (SEZs) and one IT Parks in Gurgaon, Noida and Kolkata. In these six projects, UCP holds 60 percent stake and Unitech 40 percent.

Govt may cancel SEZs of Hindalco, Essar, Adani

Government is likely to cancel the approvals granted by it to nine companies including Hindalco Industries, Essar and Adani for setting up of special economic zones as no work has been done to execute the projects.

Manufacturing units in SEZs may get tax sops

Export promotion body for special economic zones has asked the Finance Ministry to roll back or reduce the minimum alternate tax (MAT) and dividend distribution tax (DDT) on SEZs.

SEZs to get fresh fillip under Modi government, says Minister

Special Economic Zones have not performed to their full potential in the past ten years and so the NDA government is planning to tweak policies to make them more productive and viable, said Union Minister of State for Commerce and Industry Nirmala Sitharaman on Saturday.

India, Japan decide to sort out issues concerning SEZ

Japan is assisting India in the development of industrial corridors including Delhi-Mumbai Industrial Corridor.

Economic Survey 2013-14: Need clear signal to revive economic zones

The Economic Survey Wednesday pitched for giving a "clear signal" to the developers and units of Special Economic Zones as fresh investments have slowed down in SEZs in the recent years.

Assocham seeks tax incentives, infra status for ports in Budget

Industry body Assocham has sought tax incentives, market-linked tariff rates and grant of infrastructure status to the port industry in the upcoming budget for turning India's coastline into a growth catalyst.

Make SEZs attractive for investors to boost exports: Assocham

The chamber also urged the Commerce Ministry to provide customs duty exemption for operation and maintenance vis-a-vis authorised operations in non-processing area.

ComMin to approach cabinet over tax incentives to SEZs

Irked by poor response of Finance Ministry, the Commerce Ministry has decided to take the issue of providing tax incentives to revive sagging special economic zones (SEZs) to the Cabinet.

Panel asks govt to strengthen oversight mechanism for SEZs

Concerned over small net foreign exchange earnings (NFE) from special economic zones, a Parliamentary panel has asked the government to strengthen the oversight mechanism to ensure that the policy is not misused.

SEZs would have doubled Goa`s population: Minister

Setting up 7 SEZs in Goa would have resulted in immigration and doubled the population of the state and threatened its unique culture.

Govt liberalises export of SCOMET items from DTAs to SEZs

The government on Friday liberalised the export of special chemicals, organisms, materials, equipment and technologies, such as aerospace systems and toxic chemicals, from Domestic Tariff Areas to Special Economic Zones.

Goa PAC probing land allotment for SEZs

PAC chairman Manohar Parrikar said at the face of it, the scam is worth around Rs 51 crore but it could be much more.

Govt expands list of default activities in SEZs

The Centre on Monday expanded the
list of activities that can be carried out without prior
permission of inside SEZs by adding warehousing, and space for
banks/ATMs, providing relief to developers.

Delhi to get two new SEZs, govt to focus on IT-based units

After its satellite townships, it is the national capital which is aspiring to become an information technology hub with the Delhi government focusing on setting up service and IT-based industries here.

Goa minister goes against own govt, supports SEZs

Months after the state government bowed to public pressure and decided to cancel the three sanctioned special economic zones (SEZ) in Goa, a senior Cabinet minister Monday said he would "still welcome SEZ".