Government of India has constituted a
group of eminent persons to study the Special Economic Zones (SEZ) Policy of India
in the light of experience gathered in the industry for the last two decades.
The SEZ Policy was implemented from April
one, 2000. Subsequently the Special Economic Zones Act, 2005 was passed by
Parliament in May, 2005 and received Presidential assent on the 23rd
of June, 2005 and the Special Economic ZoneAct was enacted. The SEZ Act, 2005,
supported by SEZ Rules, came into effect on 10th February, 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.
The Group is required to submit its
recommendation in 3 Months’ time.
Mr Baba Kalyani, Chairman, Bharat Forge
will be the Chairman of the Group. The members include Mr Ravindra Sanna Reddy
Managing director Sri City SEZ LTD
operating in Tamil Nadu Andhra Pradesh border, Mr Neel Rahaja, President of Raheja
group reputed builder, Nr Arun Mishra, Managing Director Tata Steel SEZ, MS
Anita Arujundas, Managing Director, Mahindra Life Space Developer, Mr Shrikant
Badiga Director Hyderabad Phoenix Developer, Principal Secretaries of
Industries of the States of Gujarat, Maharashtra, Telangana, Andhra Pradesh,
Tamil |Nadu and Karnataka.
The Additional Secretary in the Commerce Ministry
will be the Member Secretary of the Group and Director, SEZ; the Department of
Commerce will be the Coordinating Officer of the Group.