Centre appointed group to study India's SEZ Policy, Baba Kalyani to head team
New Delhi, Jun 6 (IBNS): The Union Ministry of Commerce & Industry announced on Wednesday that the Central government has constituted a group of eminent persons to study the Special Economic Zones (SEZ) Policy of India.
Baba Kalyani, Chairman, Bharat Forge, will head the group, the release said.
The SEZ Policy was implemented from April 1, 2000.
Subsequently, the Special Economic Zones Act, 2005 was passed by Parliament in May, 2005 and received Presidential assent on June 23, 2005 and the Special Economic Zone Act was enacted.
The SEZ Act, 2005, supported by SEZ Rules, came into effect on February 10, 2006.
The group, led by Baba Kalyani, 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 three months’ time.
Other notable members of the group include Ravindra Sannareddy, MD, Sricity SEZ Ltd; Neel Raheja, Group President, K. Raheja Group; Arun Misra, MD, Tata Steel SEZ Ltd; Anita Arjundas, MD, Mahindra Life Space Developer; Ajay Pandey, MD & Group CEO, GIFT City SEZ Ltd; and Srikanth Badiga, Director, Hyderabad Phoenix Developer.
Principal Secretaries (Industries) of Gujarat, Maharashtra, Telangana, Andhra Pradesh, Tamil Nadu and Karnataka will also be part of the group.
Additional Secretary (in-charge of SEZ Division, Department of Commerce) will be the Member Secretary while Director (SEZ), Department of Commerce will be the Coordinating Officer.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
