Baba Kalyani heads Group to study SEZ Policy

Speed Post News Network

New Delhi : The Government of India has constituted a group of eminent persons to study the Special Economic Zones (SEZ) Policy of India. Baba Kalyani, Chairman, Bharat Forge, has been appointed Chairperson of the group.

Ravindra Sannareddy, MD, Sricity SEZ Ltd, Neel Raheja, Group President, K Raheja Group, ArunMisra, MD, Tata Steel SEZ Ltd.,  Anita Arjundas, MD, Mahindra Life Space Developer, Ajay Pandey, MD & Group CEO, GIFT City SEZ ltd., and Principal Secretaries (Industries) of Gujarat, Maharashtra, Telangana,  Andhra Pradesh, Tamil Nadu & Karnataka, are the other Member of this group.

Additional Secretary (In-charge of SEZ Division, Department of Commerce,  will be Member Secretary of the Group, while Director (SEZ), Department of Commerce, will be the Coordinating Officer.

The SEZ Policy was implemented from April 1, 2000. Subsequently, the Special Economic Zones Act, 2005, was passed by Parliament in May, 2005, and received Presidential assent on June 23, 2005, and the Special Economic ZoneAct was enacted. The SEZ Act, 2005, supported by SEZ Rules, came into effect on February 10, 2006.

The group will evaluate the SEZ policy, suggest measures to cater to the needs of exporters in the present economic scenario and make the SEZ policy WTO compatible, suggest course correction in SEZ policy, make comparative analysis of the SEZ scheme and dovetail the SEZ policy with other similar schemes, according to a PIB release. The Group is required to submit its recommendation in 3 months’ time.