New Delhi, May 29 (IANS) The Union government has notified two new Special Economic Zones (SEZs) in Puducherry as part of the continued push towards strengthening the country’s industrial base, expanding exports, and deepening self-reliance in strategic sectors, according to an official statement issued on Friday. The proposals were approved by the Board of Approval for SEZs under the Department of Commerce at a meeting held on Thursday.These approvals constitute a major milestone for Puducherry…
Latest Special Economic Zones News & Updates
New Delhi, May 8 (IANS) Pakistan’s Investment Minister Qaiser Ahmed Sheikh has admitted that the country has lost an opportunity to attract over $8bn in foreign direct investment, mostly from China, and generate half a million industrial jobs between 2018 and 2024, according to an article in the local media.What the minister said is also an indictment of successive governments that have remained in power since the launch of the multi-billion-dollar CPEC initiative, the Dawn reported.By not payin…
New Delhi, April 28 (IANS) In fresh trouble for financially-starving Pakistan, the International Monetary Fund (IMF) has added 11 new conditions to the ongoing $7 billion Extended Fund Facility (EFF) programme, according to a new report.A report in Business Recorder says that one condition is the enactment of an amendment to the Special Economic Zones (SEZ) Act and the Special Technology Zones Authority Act to phase out existing fiscal incentives and shift from profit-based to cost-based incenti…
New Delhi, April 23 (IANS) Pakistan has been given a list of additional conditions by the International Monetary Fund (IMF), among which the ‘most troubling demand’ is commitment to raise electricity and gas prices, a new report has said.“A ‘do more’ list with a call to ‘do it within the timeframe’ has been handed over to the Pakistan government by IMF,” among which a major demand is to amend laws governing special economic zones, said the report in The Express Tribune.The IMF wants the gove…
New Delhi, April 16 (IANS) The Central government has notified the setting up of an SEZ by Tata Semiconductor Manufacturing Private Limited exclusively for electronic hardware and software, including IT/ITES, at Gujarat’s Dholera, the Ministry of Commerce and Industry said on Thursday.Spread across 66.166 hectares and poised to provide employment to 21, 000 persons, the SEZ is designed to support electronic hardware, software, and IT-enabled services, and includes enabling infrastructure and a d…
New Delhi, April 1 (IANS) The Central Board of Indirect Taxes and Customs (CBIC) on Wednesday introduced a special one-time relief measure for eligible units in Special Economic Zones (SEZs) to facilitate the sale of manufactured goods to the Domestic Tariff Area (DTA) at concessional rates of duty. The move comes in pursuance of the Union Budget 2026-27 announcement to address the concerns faced by the manufacturing units in the Special Economic Zones (SEZ) due to ongoing global trade disruptio…
New Delhi, Jan 19 (IANS) While the Space Policy 2023 enabled private sector participation, the next critical step is to boost fiscal, regulatory, and structural support to accelerate growth and position India among the top three spacefaring nations, said the Indian Space Association (ISpA) on Monday.The Association also outlined key private space sector recommendations for government consideration, which can help enhance domestic manufacturing, enhance national security, create high-value jobs, …
New Delhi, Jan 7 (IANS) India’s insurance sector is poised to benefit significantly after Parliament cleared the Insurance Laws (Amendment) Bill, 2025, a move that allows 100 per cent foreign direct investment and eases entry norms for global reinsurers. The reforms are expected to improve access to capital, support solvency requirements, boost competition and strengthen the overall insurance ecosystem, especially for smaller and mid-sized insurers, as per Insurance Asia report.The bill raises…