Periodic review of SEZ policy won't hurt industry

NEW DELHI: The periodic review of implementation of the Special Economic Zone policy will not hurt the industry, Commerce Minister Nirmala Sitharaman said recently. she said the review is aimed to make the policy more effective but it is not going to “hurt” the industry in any way.

“The Government, on the basis of inputs and suggestions received from stakeholders on the policy and operational framework of SEZ scheme periodically reviews the policy and the operational framework of SEZs and take necessary measures so as to facilitate speedy and effective implementation of SEZ policy,” Sitharaman said.

Responding to another query, she said under the SEZ law, lands are acquired by the State Governments. The land is either barren or infertile and no fertile land is acquired for SEZ project. She said single crop land could be acquired to some extent.

Source: - Dailyshippingtimes.com