The Union Ministry of Commerce has said recently that concerns of developers and units in revamping the SEZ (special economic zone) Act has been taken seriously by the government. After taking into consideration the views, concerns and opinions of various stakeholders, the Department of Commerce has now submitted its report and it is under the active consideration of the Union Government, Madhusudan Prasad, Additional Secretary, Union Ministry of Commerce said.
Tag: SEZ
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Adani Ports and SEZ Ltd: Q3 Financial Results
Adani Ports & SEZ Ltd, India's largest private port developer and part of Adani Group, today said its total income rose 35% to Rs.2,533 crore for the nine months ended December 31, 2012 compared to Rs.1,870 crore in the corresponding nine months of previous year.
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GIFT City – India's first financial hub
GIFT City is one of the most ambitious projects ever undertaken in the Indian infrastructure space and is being designed as a hub for the global finance services industry, writes Janaki Krishnamoorthi. Gujarat International Finance Tec-City (GIFT City ), a multi-service SEZ (Special Economic Zone) with dedicated center for financial services is under development in Gujarat.
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Soaring investment potential
Despite a largely sluggish SEZ segment, uncertain cabotage laws and now a TAMP regulation on lower tariffs
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A proactive approach needed
While global peers in the ports sector are offering enormous value added services including SEZ's for years,
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JNPT to join hands with DFC for logistics park
Jawaharlal Nehru Port Trust (JNPT) plans to develop the world’s best logistics park in collaboration with Dedicated Freight Corridor (DFC) and has engaged a consultant for this purpose.
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KINFRA to set up SEZ
The Kerala Industrial Infrastructure Development Corporation (KINFRA) has obtained approval from the Union Government to set up a Special Economic Zone (SEZ) for IT/ITES at the KINFRA Film and Video Park at Kazhakuttam, Thiruvananthapuram. The investors in the park will be eligible for various tax and duty concessions and there will be no need for a special licence for imports.
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A new logistics park is on the anvil at JNPT
JNPT is examining the setting up of a new logistics park in JV with the DFC. Albeit mired by delays, the port’s expansion plans envisage an augmentation of nearly 5 mn containers each year.Luxman Radhakrishnan, Chairman, JNPT, explains to Shashidhar Nanjundaiah.
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Maritime: ICTT stuck in the dock
Almost 80 per cent of Colombo’s container traffic represents cargo transhipped from Indian ports. One year after India’s first ICTT was commissioned, transhipment transactions have been almost insignificant. Will the terminal’s second year be any different?
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Port connectivity: The efficiency linkages
Bankers say ports are one of the best sectors to finance to. With the frenetic growth envisaged in the 2020 Agenda, port connectivity is impatiently awaited as the government works on four-lane roads and rail lines linking the gateways to the hinterland.