India’s 268 Special Economic Zones (SEZs) are set for a fourth makeover – the Development of Enterprise and ServiceHubs (DESH) Bill to do this may be introduced in the ongoing Parliament session. Will DESH make a difference?
To answer that, let’s go back to the beginning.
Problems with India’s SEZs?
An SEZ is a walled area housing one or more business units. The developer and operating units get tax and duty concessions not available to firms in the rest of the country.
● But Indian SEZs are much smaller in size and performance compared to Shenzhen. Shenzhen’s area (49,000 hectares) exceeds the combined area of Indian SEZs (47,000 hectares). The minimum space needed for an SEZ in India is less than 50 hectares. Services SEZs can operate from a lonely building.
● Small size prevents SEZs from offering high-quality common facilities and plug & play ecosystems. As a result, SEZ attracted units more for the tax concession than for any other competitive consideration.
● That’s why many large-export oriented units (EOUs) were converted into SEZs. When tax exemptions ended, investments dried up. Today, less than half the land approved for SEZ purposes is used.
How does DESH plan to change this?
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the {{IssueName}} edition of {{MagazineName}}.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Tollywood was happy hunting turf for conman
Kept Database Of Mobile Nos. Of Film Celebs
State-funded Metro to chug into RGIA in 3 yrs
Residents’ Plea To KTR To Extend Other Rail Lines
Rajiv Makhni becomes the face of smart tech luggage with proximity indicator
The VIP SmarTech series, a range of smart travel gear, keeps you connected with your luggage via your smartphone
I want to reach out to Samantha and tell her that if I can make it, so can you, says Vikram Bhatt
The filmmaker opens up about his 18-year-long battle with fibromyalgia, a chronic disorder that causes widespread muscle pain
Rain ruins second ODI
The match was reduced to 29-overs-a-side as the first interruption caused a four-hour break. India were 22 for no loss in the fifth over at that time.
Croatia come in hard, show Canada the exit
After their dour opening draw with Morocco had instigated a post-mortem into whether this Croatia side lacked a killer instinct, Kramaric and Marko Livaja found the net before the break to take the wind out of Canada’s sails.
Denmark calls on Euro 2020, Eriksen experience
Denmark has been here before.
Ronaldo targets KO berth
Win Vs Uruguay Will Help Portugal Advance With A Game To Spare
Govt doubles large aircraft wet lease period to 1 yr
Accordingly, IndiGo can now wet lease two twin aisles to operate flights between Delhi/Mumbai and Istanbul for a year.
Deuba's party emerges as single largest party in poll
Elections to the House of Representatives and seven provincial assemblies were held on November 20.
