The Odisha government has cleared its long pending new SEZ policy aimed at offering incentives to promote Special Economic Zones.
¨Previously, we had an SEZ policy but it was withdrawn after the Centre came up with a policy for the sector. The new policy provides exemption on registration and stamp duty charges to the developers,¨ said Chief Secretary G C Pati.
Developers of multi-product SEZs can sub-lease land on the condition that the land has to be utilised within five years.
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