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
|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.
News Update | 19 November 2018| SEZ Policy Report Submitted to Commerce Minister
The objectives of the committee were to evaluate the SEZ policy and make it WTO compatible, suggest measures for maximizing utilisation of vacant land in SEZs, suggest changes in the SEZ policy based on international experience and merge the SEZ policy with other Government schemes like coastal economic zones, Delhi-Mumbai industrial corridor, national industrial manufacturing zones and food and textiles parks.
While submitting the report to the Commerce Minister, Baba Kalyani, Chairman, Bharat Forge, said that if India is going to become a USD 5 trillion economy by 2025 then the current environment of manufacturing competitiveness and services has to undergo a basic paradigm shift. The success seen by services sector like IT and ITES has to be promoted in other services sector like health care, financial services, legal, repair and design services.
The Government of India has set a target of creating 100 million jobs and achieving 25% of GDP from the manufacturing sector by 2022, as part of its flagship ‘Make in India’ programme. Furthermore, the Government plans to increase manufacturing value to USD 1.2 trillion by 2025. While these are ambitious plans to propel India into a growth trajectory, it requires evaluation of existing policy frameworks to catalyse manufacturing sector growth. At the same time, policy needs to be compiled with the relevant WTO regulations.
In his interaction with the committee Suresh Prabhu said that the suggestions of the committee are very constructive and the Commerce Ministry will immediately begin formal consultations with the Finance Ministry and other Ministries so that implementation of the committee’s recommendations may be done without any delay.
News Update| “Manufacturing growth helped India scale up World Bank’s Ease of Doing Business (EODB-2019)’
The Union Minister for Commerce & Industry and Civil Aviation, Suresh Prabhu, released the report prepared by the Department of Industrial Policy & Promotion (DIPP), Ministry of Commerce & Industry, on Industrial Park Rating System. Speaking on this occasion, Commerce Minister said that manufacturing has emerged as one of the high growth sectors in India and it has moved 23 places up in the World Bank’s Ease of Doing Business (EODB-2019) and achieved rank 77 out of 190 countries. In order to ensure that India moves into the top 50 countries in Ease of Doing Business the Ministry has undertaken this exercise in studying infrastructure across states and in 3354 industrial clusters in order to assess quality of infrastructure in industrial parks.
Suresh Prabhu stated that this will be a useful tool for policy makers and investors at the click of a button. 3000 parks are on the database and the industrial parks have been rated on 4 points: internal infrastructure, external infrastructure, business services and facilities and environment, safety management.
To optimise resource utilisation and enhance the efficiency of the manufacturing sector, DIPP launched the Industrial Information System (IIS), a GIS-enabled database of industrial areas and clusters across the country in May 2017. The portal serves as a one-stop solution to the free and easy accessibility of all industrial information including availability of raw material – agriculture, horticulture, minerals, natural resources, distance from key logistic nodes, layers of terrain and urban infrastructure.
Over the last one year, State Governments and Industrial Development Corporations have actively used the portal and nominated over 200 parks for their assessment along the above parameters.
IPRS is proposed to be translated into an annual exercise covering all the parks across India. Coverage would be widened and updated to bring in deeper qualitative assessment feedback, bring in technological intervention and develop it as a tool that helps effectively for demand driven and need based interventions both by policy makers and investors.
On this occasion Secretary DIPP, Ramesh Abhishek, Country Director of Asian Development Bank, Kenichi Yokoyama and other senior officials were present.