v | 06 Oct, 2018
The final round of the SEZ
Policy Review Committee, formed to suggest measures to make the policy WTO
compatible, met on Friday in New Delhi.
The objective of the Committee was to evaluate the SEZ
policy framed in 2000 and to suggest measures to make the policy WTO
compatible, give suggestions which will encourage manufacturing and services
sector and lead to maximizing utilization of vacant land in SEZs and create
seamlessness between SEZ policy and other schemes
This was the final round of
consultations with the committee members under the chairmanship of the Commerce
The group held its first meeting on
22nd June this year under the chairmanship of Commerce &
Industry Minister Suresh Prabhu. Subsequently, the group met again on 9th
July and 20th August, 2018.
The Committee held extensive
discussions with representatives of Government of India and states.
The changes in the macro-economic
environment in India required a re-look at the SEZ Policy framework so that
focus is on enabling generation of 100 million jobs in the manufacturing
sector, manufacturing competitiveness within the framework of WTO rules,
bringing in services sectors like health care, financial and legal services,
repair and design services under SEZs.
The Committee was of the opinion
that SEZ should now transform into âEmployment and Economic Enclavesâ (3Es)
which will be an integrated ecosystem that focuses on ease of doing business,
quality and infrastructure in order to reduce costs.
The group will submit its final