Baba Kalyani heads group to study SEZ Policy
Baba Kalyani heads group to study SEZ Policy

Government institutes group of eminent industry leaders to study SEZ Policy

 

Government of India has constituted a group of eminent persons to study the Special Economic Zones (SEZ) Policy of India. The SEZ Policy was implemented from 01st April, 2000. Subsequently the Special Economic Zones Act, 2005 was passed by Parliament in May, 2005 and received Presidential assent on the 23rd of June, 2005 and the Special Economic ZoneAct was enacted. The SEZ Act, 2005, supported by SEZ Rules, came into effect on 10th February, 2006.

The group will evaluate the SEZ policy, suggest measures to cater to the needs of exporters in the present economic scenario and make the SEZ policy WTO compatible, suggest course correction in SEZ policy, make comparative analysis of the SEZ scheme and dovetail the SEZ policy with other similar schemes.

The Group is required to submit its recommendation in 3 Months’ time.

S. No. Name of the Members
1 Baba Kalyani, Chairman, Bharat Forge Chairman

 

2 RavindraSannareddy, MD, Sricity SEZ. Member

 

3 Neel Raheja, Group President, K. Raheja Group -Do-

 

4 Arun Misra, MD, Tata Steel SEZ -Do-

 

5 Anita Arjundas, MD, Mahindra Life Space Developer -Do-

 

6 Ajay Pandey, MD & Group CEO, GIFT City SEZ

 

-Do-
7 Srikanth Badiga, Director, Hyderabad Phoenix Developer -Do-
8 Principal Secretaries (Industries) of Gujarat, Maharashtra, Telangana, Andhra Pradesh, Tamil Nadu & Karnataka -Do-
9 Additional Secretary (In-charge of SEZ Division, Department of Commerce) Member Secretary
10 Director (SEZ), Department of Commerce Coordinating Officer

 

News Update | 26 June 2018| Group of Eminent Personalities to study the SEZ Policy holds its first meeting.

The group of eminent personalities constituted by the Government of India to study the Special Economic Zones (SEZ) Policy of India held its first meeting on 22nd June under the aegis of Minister of Commerce & Industry and Civil Aviation, Suresh Prabhu.

The Minister requested the members of the group to review the entire ecosystem of SEZs to suggest policy changes to make SEZ policy simple and transparent, with a view to remove regulations in industry without compromising on environmental concerns.

Baba Kalyani, Chairman Bharat Forge, who is Chairman of this group, pointed out that biggest challenge today was creation of jobs and the focus of the group would be to address this issue. The group will make suggestion for shift from fiscal incentives to employment based incentives, reframe the boundaries and introduce grandfathering clause for existing provisions, he added.

The group has decided to meet in the middle of July, 2018, again and will submit its report by the end of August 2018.

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