The Indian government is setting up logistic hubs near sea ports with private sector participation to address several challenges related to receiving shipments and also inland transportation of goods. The government is also trying to make electronic data interchanges at major ports that are completely under the control of the Central government.
Tag: Foreign Trade Policy
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SEZs: Relevance & future
Unlike China, the original concept of SEZs in India got diluted and it witnessed growth of numerous small scale SEZs, pre-dominantly in the IT/ ITeS space. Further, absence of a true ´single window´ to operationalise SEZ
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Govt announces relief to SEZ with regard to land requirement
The Union government on April 19 announced relief for special economic zones (SEZs) by tweaking the minimum-land-area requirement and allowing change in ownership. In its last supplement to the Foreign Trade Policy (FTP), 2009-14, the Commerce Department, however, did not meet the much-awaited demand for doing away with the minimum alternate tax (MAT) on SEZs.
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TAMPering with expectations
Three major container terminal operators in India have been hit by tariff reductions thereby reducing their revenue earning capability and positioning them to be loss-making units,
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Govt rolls out sops for exporters
The government introduÂced some promotion scheÂmes and incentives for the exporters to tap new markets. ReleÂasing the annual supplement to the Foreign Trade Policy 2009-2014,
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STP boost to IT industry
The Central government is likely to extend several incentives for Information Technology sector in the country.