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Make SEEPZ a world-class facility, says Piyush Goyal
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SME Times News Bureau | 24 Sep, 2021
With an export potential of $30 billion, the Santacruz Electronics
Export Processing Zone (SEEPZ) needs a complete overhaul to make it a
world-class facility, Union Minister for Commerce & Industry Piyush
Goyal said here on Thursday.
SEEPZ was started in 1973 near the Mumbai international airport here to promote electronics manufacturing in the country.
Goyal
urged the need for a 'transformational change' rather than mere
incremental change, to bring back vibrancy into SEEPZ like before.
"With
everyone's cooperation, SEEPZ can be made modern and world class. We
can think of a public private partnership scheme whereby industry units
which revamp their properties can be given exemption from rent revision
for 10 years," Goyal said after visiting the setup on Thursday.
He
called upon the exporters to collectively decide about making the
Common Services Centre operational and revamp SEEPZ with over 400 units
into a swank and new state-of-the-art hub for serving international
customers.
Additionally, the India Trade Promotion Organisation could have an exhibition complex here to facilitate buyer-seller events.
The
Centre has announced Rs 200 crore aid for expansion and refurbishing of
one of the country's oldest export processing zones, he said.
He
cited the example of the Surat Diamond Bourse, and said the SEEPZ could
seek its help for the refurbishment work, as he pointed out the Rs
4,000 crore makeover of Pragati Maidan in New Delhi.
SEEPZ, a
high security and restricted zone, has mostly electronic hardware
manufacturing companies, software, besides gold and diamond jewellery
units which account for over one-third of India's total jewelery
exports.
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