Recommendations for SEZs
The Government had constituted a Group of eminent persons under the Chairmanship of Baba Kalyani, Chairman M/s. Bharat Forge to study the Special Economic Zone (SEZ) Policy of India on 04.06.2018. The Group submitted its report to the Government last month. The key recommendations of the Group are as under: 1: Framework shift from export growth to broad-based Employment and Economic Growth (Employment and Economic Enclaves-3Es). 2: Formulation of separate rules and procedures for manufacturing and service SEZs. 3: Shift from supply driven to demand driven approach for 3Es development to improve efficiency of investment-based on certain industries, current level of existing inventory in the region. 4: Enabling framework for Ease of Doing Business (EoDB) in 3Es in sync with State EoDB initiatives. One integrated online portal for new investments, operational requirements and exits related matters. 5: Enhance competitiveness by enabling ecosyste