MoC Invites Suggestions on SEZ Policy
Make
suggestions on Baba Kalyani
Group
Report on SEZ Policy
Department
of Commerce, Ministry of Commerce & Industry (MoC) had constituted a Group
consisting of SEZ stakeholders under the chairmanship of Shri Baba Kalyani,
Chairman & MD, M/s. Bharat Forge Ltd. in June-2018 to study the SEZ policy
of India.
De
facto the Baba Kalyani led committee constituted by the Ministry of Commerce &
Industry to study the existing SEZ policy of India had submitted its report to
the Union Minister for Commerce & Industry and Civil Aviation, Suresh
Prabhu, in New Delhi on November 19, 2018.
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.
Baba
Kalyani, Chairman, Bharat Forge Ltd., 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
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.
The
Group, after deliberations, has submitted its report. A copy of the report has been placed on the
website SEZindia.nic.in, for obtaining suggestions/comments on the
recommendations of the report. The suggestions are required to be sent on email
id: moc_epz@nic.in latest by 30th January, 2019.
Comments
Post a Comment