In addition to seven Central government Special Economic Zones (SEZs) and 12 State/Private Sector SEZs set up prior to the enactment of SEZ Act, 2005, formal approval has been accorded to 574 proposals out of which 391 SEZs presently stand notified.
Tag: EM Sudarsana Natchiappan
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Govt to bring in investor-friendly FDI policy
Government has put in place an investor-friendly policy on Foreign Direct Investment (FDI), under which FDI, up to 100 per cent, is permitted, under the automatic route, in most sectors/activities. FDI policy is reviewed on an ongoing basis, with a view to making it more investor friendly, said the Uniion Minister of State in the Ministry of Commerce and Industry EM Sudarsana Natchiappan in Rajya Sabha on December 11.
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Demand and supply only control cement prices: Govt
The control over price and distribution of cement has been removed since 1989. The industry was de-licensed in 1991 under the policy of economic liberalisation. Cement has also been removed from the list of essential commodities. Thus, presently the prices of cement are governed by the market forces of demand and supply.
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FTWZ guidelines are under consideration
Free Zones in the UAE and industry clusters such in China have been a huge success. However, free zones here still have a long way to go to reach this level of success. The government has taken some steps in this direction by announcing some measures to strengthen the SEZ policy. Talking with Garima P, EM Sudarsana Natchiappan.
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Chennai-Blore corridor may link Kerala too
Union Minister of State for Commerce and Industry, EM Sudarsana Natchiappan has said that the possibility of linking Kerala with the Chennai-Bangalore industrial corridor project was being examined by the Japan International Cooperation Agency (JICA).