The Centre has cleared a long-pending proposal for setting up of an international airport in Uttar Pradesh on the proposed Agra-Noida expressway near Delhi, official sources said
Tax holidays to special economic zones are estimated to lead to a revenue loss of over Rs 1-lakh crore by FY10, the Parliament was informed on Friday.
Karnataka has received in principle approval from the Centre for setting up a special economic zone across its three coastal districts.
The Centre is contemplating to create Special Economic Zones for various service sectors in different parts of the country, Union Minister for Commerce and Industry Arun Jaitley said in Kolkata on Tuesday.
The government has approved three special economic zones and was considering granting approval for setting up 14 SEZs, Commerce and Industry Minister Arun Shourie informed the Rajya Sabha on Monday.\n\n\n\n
Introduced in 2015 under the Foreign Trade Policy, the mega MEIS was created out of a merger of five existing reward schemes.
The Narendra Modi-led National Democratic Alliance government has given environment clearance to five projects since it took charge on May 26.
The finance ministry on Monday defended the budget proposal on a sun set clause for tax sops to special economic zones, saying it is a normal practice in any kind of fiscal concessions.
Minister of Commerce and Industry Arun Jaitley exhorted US businessmen to focus their attention on India, as it had an attractive foreign direct investment regime.\n\n\n\n
Karnataka government has decided to approach the Centre for approval of its proposal for creating a Coastal Economic Zone, state's Minister for Large and Medium Industries R V Deshpande has said.
While 100 per cent FDI is allowed in single-brand retail, if the foreign investment exceeds 51 per cent, the 30 per cent mandatory local sourcing norm kicks in.
Divestment Minister Arun Shourie said on Tuesday that administrative delays were affecting the growth of exports in the country.
In a bid to take forward labour reforms, the government on Thursday said units in the special economic zones will be exempted from making contributions to Employees Provident Fund and Employees State Insurance for five years.
'Although Hong Kong weathered many a storm and displayed a remarkable resilience to bounce back, the developments in the territory have raised question marks with regard to its future stability and prosperity.' A revealing excerpt from Rup Narayan Das's Hong Kong Conundrum: Pangs of Transition.
The second campus would have the potential to create around 18,000 jobs
International Finance Corporation, which plans to hike its India exposure to $1.5 billion by 2007, is eager to invest in the equity of special economic zones, including the Rs 4,950 crore (Rs 49.50 billion) Maha Mumbai SEZ.
Leading UK-based NRI industrialist Lord Swaraj Paul has said that he proposed to make investments in Madhya Pradesh.
The first option that the state government might opt for is offer Infosys space in one of the SEZs that are coming up, but that is unlikely to be accepted
Replying to the general discussion on Budget in Lok Sabha, she said the former Congress chief was creating fake narratives but does not have patience to listen to replies on allegations levelled against the government.
Without Myanmar, India can't engage with any of the Asian nations to its east.
The development comes at a time when growing tension in US-China trade ties is forcing companies to explore alternative manufacturing sites in order to derisk operations.
'All the animals -- buffaloes and dogs -- in the proximity of the factory are dead.' 'The situation is so serious that almost one lakh people from nearby localities have moved to safer places fearing the after-effects of the gas leak.' 'There is lot of panic.'
The plan is to de-notify the entire SEZ.
Covishield vaccine production won't be hit due to the fire, Serum Institute of India Chief Executive Officer Adar Poonawalla said. The Manjari facility is where the Covishield vaccine used in the nationwide inoculation drive against the pandemic is made.
E-commerce firms and sellers including Amazon and eBay have made recommendations to the government for a differentiated policy framework for e-commerce in the revised Foreign Trade Policy (FTP) which is expected to come into effect from April 1, 2021. This is because the existing policies on exports have catered largely to traditional, offline and business-to-business exports. Suggestions have been made to the government that through the FTP, it is important to create a conducive policy framework for e-commerce exports that lowers the entry barrier for small businesses to start exporting, according to the industry sources.
