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SEZ POLICY REPORT (Recommendations of the Committee (supports for SEZ…
SEZ POLICY REPORT
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Major Challenges
Unutilised land (more than 25,000 hectares) in SEZs which is due to lack of flexibility to utilise land in SEZs
Existence of multiple models of economic zones such as SEZ, coastal economic zone, Delhi-Mumbai Industrial Corridor, National Investment and Manufacturing Zone, food park and textile park
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Lack of support from the state government when it comes to developing effective single-window system for clearances
Solution
Optimal utilisation of vacant land in SEZ by allowing flexibility of land use and removing sector-specific constraints
The group of secretaries of various central government’s departments have recommended “rationalisation” of these models. Department of Industrial Policy and Promotion (DIPP) and the Niti Aayog is going to “develop and master plan for industrial clusters”
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amendment in the definition of “services” in the SEZ Act, 2005
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Performance of SEZ
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Total Investment in SEZs (as on 31st March, 2018) amounted 4.75 lakh crore
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Background
Baba Kalyani committee constituted by the Ministry of Commerce & Industry to study the existing SEZ policy of India submitted its report to the government