Now the Government has tried to revive investor interest in Special Economic Zones (SEZ) after slapping minimum alternate tax on them three years ago, which drove SEZ investors away. Now the government is striving to revive investors' interest by halving the minimum area requirement for multi-product and sector-specific zones and doing away with the condition totally for IT zones.
Tag: investor interest
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Govt eases norms for SEZs to rekindle investors interest
The Union government on April 18 announced a 'package of reforms', including easing of land requirement norms and an exit policy, to rekindle investor interest in Special Economic Zones (SEZs). Union Commerce and Industry Minister Anand Sharma said the SEZ scheme has not been able to realise its full potential so far.