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News about SEZs

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  • Statement by Dr. Urjit R. Patel, Governor (On behalf of Mr. Arun Jaitley, Member, IMFC representing the Constituency consisting of Bangladesh, Bhutan, India and Sri Lanka) and ?Leader of the Indian Delegation to the International Monetary and Financial Committee in Washington D.C, on ?April 21, 2018 - Govt of india: PIB    (2018-04-21T18:30:00Z)
    Following is the Full Text of the Statement by Dr. Urjit R. Patel, Governor (On behalf of Mr. Arun Jaitley, Member, IMFC representing the Constituency consisting of Bangladesh, Bhutan, India and Sri Lanka) at the International Monetary and Financial Committee (IMFC)? in Washington DC, USA yesterday, 21st April, 2018   Mr.
  • PNB scam: Govt intervenes in Nirav Modi firms' bankruptcy case in US - General News    (2018-04-21T18:30:00Z)
    The government has intervened in the bankruptcy proceedings of Nirav Modi firms in the US to protect the interests of Punjab National Bank, Union minister P P Chaudhary said, amid multi-pronged efforts to deal with the nearly Rs 13,000 crore scam. Diamond merchants Nirav Modi and his uncle Mehul Choksi are alleged to have perpetrated the country's biggest banking sector scam at Punjab National Bank, mainly by way of issuance of fraudulent Letters of Undertaking (LoUs). Against the backdrop of multi-agency probe into the case, Chaudhary said that some Nirav Modi firms filing for bankruptcy in the US would jeopardise the interests of Punjab National Bank. The Minister of State for Corporate Affairs noted that committing of fraud and violation of Indian laws by these firms necessitates booking of the accused in India. "Since the investigation against Nirav Modi led firms ie. Firestar Diamond and other firms is still going on in India for committing fraud against the Punjab National Bank,
  • Mundra Solar eyes to become USD 1 bn company in 2-3 yrs - General News    (2018-04-21T18:30:00Z)
    Mundra Solar PV, the solar photovoltaic manufacturing arm of diversified Adani Group, looks to become a USD 1 billion company over the next 2-3 years, a top company official said. The company is also hoping to scale up its manufacturing capacity of modules and cells from the current 1,200 MW to around 3,000 MW in the next 2-3 years. "We are very buoyant on growing our business and we are positive we will expand it depending on the way the government policy comes out which we feel will happen soon," company's chief executive Ramesh Nair told PTI over a telephonic interview. He said already actions are on the ground as the government has given the go ahead for pass through of any hike in case of the safeguard duty and the manufacturing policy is in its final stages. "Recently, the government announced that it will amend bidding rules to allow pass through of duty hike on solar. This has come as a major relief for developers as well. We hope we will be able to become a USD 1 billion ...
  • Land of ‘Shankarpura Mallige,’ ‘Mattu Gulla’ to see tight race - Hindu: Health    (2018-04-19T18:30:00Z)
    Incumbent MLA Vinay Kumar Sorake has been given the Congress ticket again
  • Software exports from Crystal IT Park rise 24% in FY18 - General News    (2018-04-18T18:30:00Z)
    Software exports from Indore- based Crystal IT Park (SEZ) has registered an increase of 24 per cent at Rs 248 crore in 2017-18, against Rs 200 crore in 2016-17, an official said today. At present, there are 13 companies being run from Crystal IT Park, which have given employment to 1,914 people, a senior official of the development commissioner's office, special economic zone said on the condition of anonymity. The exports from Crystal IT Park began in June 2012 and this is the first IT SEZ in the state.
  • Remove MAT on SEZs: PHD Chamber to the Govt. - General News    (2018-04-18T18:30:00Z)
    President, PHD Chamber, Mr. Anil Khaitan also lamented that India has failed to alleviate its SEZs on lines with those that prevail in China, Singapore including Saudi Arab among others, resulting their exports not to grow on expected volumes ever since SEZs were created.
  • Remove MAT on SEZs: PHD Chamber tells Centre - Sify Finance    (2018-04-17T18:30:00Z)
    [India], Apr. 18 (NewsVoir): PHD Chamber of Commerce and Industry on Wednesday urged the government to remove Minimum Alternate Tax (MAT) on SEZz for their further expansion and diversification as
  • Remove MAT on SEZs: PHD Chamber tells Centre - General News    (2018-04-17T18:30:00Z)
    PHD Chamber of Commerce and Industry on Wednesday urged the government to remove Minimum Alternate Tax (MAT) on SEZz for their further expansion and diversification as the issue of MAT on these temples of modern Indian economy has hindered their growth in general and exports in particular.PHD Chamber President Anil Khaitan while speaking at an interactive session on EOUs, SEZs Units and SEZ Developers held under its aegis here today, also lamented that India has failed to alleviate its SEZs on lines with those that prevail in China, Singapore including Saudi Arab among others, resulting their exports not to grow on expected volumes ever since SEZs were created."Ease of Doing Business in SEZs still remains an issue of serious concern despite duty concessions accorded on them by Centre in particular and States with their Model SEZ Act in general and, therefore, the persisting bureaucratic hurdles in terms of regulations required to be removed although exports from SEZs have touched to ..
  • Abolish MAT on SEZs: Industry body to govt - General News    (2018-04-17T18:30:00Z)
    PHD Chamber of Commerce and Industry today urged the government to remove the Minimum Alternate Tax (MAT) on special economic zones to boost their expansion and diversification. The chamber argued that imposition of MAT on special economic zones (SEZs) has hindered their growth and especially the performance of exports. PHD Chamber President Anil Khaitan, while addressing a conference here, lamented that India has failed to elevate its SEZs on the lines of ones in China, Singapore and Saudi Arabia, among others. This, he reasoned, was behind the exports from SEZs not achieving desired growth. 'Ease of Doing Business' in SEZs still remains an issue of serious concern despite duty concessions accorded on them by the Centre in particular and states with their Model SEZ Act, he said. The persisting bureaucratic hurdles in terms of regulations required to be removed although exports from SEZs have touched...Rs 537 lakh crore by 2017-18, said Khaitan. MAT is levied at the rate of 18.5 per ..
  • CapitaLand to acquire IT parks of Blackstone in Pune for Rs 22 billion - Business Standard: News Now    (2018-04-16T18:30:00Z)
    Blackstone is selling its BlueRidge SEZ and another SEZ at Hinjewadi in Pune
  • Adani Ports signs long term regasification pact with Indian Oil Corp - Central Chronicle    (2018-04-16T18:30:00Z)
    Agencies, Mumbai Adani Ports and Special Economic Zone (APSEZ), India’s leading port infrastructure developer and... more
  • Adani Ports gains after signing pact with IOC - General News    (2018-04-16T18:30:00Z)
    Adani Ports and Special Economic Zone rose 0.81% to Rs 390.95 at 9:24 IST on BSE after the company said it signed a long term regasification pact with Indian Oil Corporation for Dhamra LNG terminal.
  • Adani Ports in focus after inking pact with IOC - General News    (2018-04-16T18:30:00Z)
    Adani Ports and Special Economic Zone (APSEZ), India's leading port infrastructure developer and part of the Adani Group, said it signed a long term agreement with Indian Oil Corporation (IOC) to provide Liquefied Natural Gas (LNG) regasification services on a use or pay basis to the state-run refiner, at its upcoming LNG import terminal at Dhamra in Odisha. As per the contract, IOC has booked 3 million tonnes per annum (MTPA) regasification capacity spread over 20 years. IOC plans to supply the gas to its refineries in Paradip in Odisha and Haldia in West Bengal. The announcement was made after market hours yesterday, 16 April 2018.
  • Adani Ports signs deal with IOC to offer LNG regasification services - Latest News    (2018-04-16T18:30:00Z)
    The terminal will be capable of reloading LNG to service proximate markets via the maritime route
  • Adani ports inks pact with IOC for LNG regasification at Dhamra - General News    (2018-04-15T18:30:00Z)
    Adani Ports and Special Economic Zone (APSEZ) today said it has entered into a pact with Indian Oil Corporation to provide LNG regasification services at its import terminal in Odisha. As per the contract, IOC has booked 3 million tonnes per annum (MTPA) regasification capacity spread over 20 years, APSEZ said in a statement. "APSEZ...has signed a long term agreement with IOC to provide Liquefied Natural Gas (LNG) regasification services on a use or pay basis to the state-run refiner, at its upcoming LNG import terminal at Dhamra in Odisha," the company said. IOC plans to supply gas to its refineries in Paradip in Odisha and Haldia in West Bengal. "We are pleased to partner with Indian Oil by signing this long term agreement. India lacks adequate LNG import infrastructure at present and I am confident that this project will play a key enabling role for increasing gas consumption in that part of the country. In fact, the terminal will play a strategic role in gas supply to Bangladesh ..
  • China aims at establishing Hainan free trade zone by 2035 - Sify News    (1969-12-31T18:30:00Z)
    [China], April 15 (ANI): The China has aimed at making the free trade port system and operational mode of Hainan "more mature" by 2035.
  • China aims at establishing Hainan free trade zone by 2035 - General News    (2018-04-14T18:30:00Z)
    The China has aimed at making the free trade port system and operational mode of Hainan "more mature" by 2035.A free trade port system will be "basically established" in Hainan by 2025, according to the guidelines on supporting Hainan's efforts to deepen reform and opening up jointly released by the Central Committee of the Communist Party of China (CPC) and the State Council, as reported by the Xinhua news agency.Further, an investment fund will be set up to support the Hainan's development of a free trade port.China's President Xi Jinping on Friday announced a decision by the CPC Central Committee to support building Hainan into a pilot free trade zone and further build it into a free trade port.He further welcomed the investors to contribute to the development of the port. He made these statements at the 30th anniversary of the establishment of Hainan Province and the Hainan Special Economic Zone.Further various multinational companies have also been invited to set up their ...
  • Xi Jinping calls for developing Hainan province - Sify News    (1969-12-31T18:30:00Z)
    [China], April 14 (ANI): China's President Xi Jinping highlighted the need to develop the Hainan province which is also been declared as the Special Economic Zone of the country.
  • Xi Jinping calls for developing Hainan province - General News    (2018-04-13T18:30:00Z)
    China's President Xi Jinping highlighted the need to develop the Hainan province which is also been declared as the Special Economic Zone of the country.During the inspection tour of Hainan on Friday Jinping urged to make full use of environmental advantages an build it to be an international tourism island, as reported by the Xinhua news agency.President Xi underscored advancing reform and opening-up in the southern province of Hainan "from a higher perspective, with a broader vision and greater strength".He further held discussions with experts regarding the importance of boosting the health sector to serve the people.Jinping also visited the Institute of Deep-sea Science and Engineering under the Chinese Academy of Sciences on Thursday and learned about China's seabed exploration in the Mariana Trench and examined deep-sea research equipment.He said both cities and the countryside should be developed well to reach the goal of building a moderately prosperous society in all aspects.
  • Brand JCB gives Rajasthan global pride: CM Vasundhara Raje - DNA: Opinion    (2018-04-11T18:30:00Z)
    In 2014, when the chief minister Vasundhara Raje had come to inaugurate the JCB plant, it was being operated under a tent. And in the last three-and-a-half years, it has transformed into a world class manufacturing set up with state-of-the-art facility. It is just a small reflection of what Rajasthan has achieved in all those years. “We had promised to create 15 lakh jobs in 5 years. It was pretty well thought of as we have been able to give 13.5 lakh jobs including 1.8 government jobs,” Raje said while speaking at the JCB plant, which rolls out its 3000th machine from the Jaipur facility. Raje said that investments which companies like JCB brings to the state helps in generating confidence in the business environment besides creating direct and indirect job opportunities. She applauded the UK-based multinational manufacturer of earth moving and construction equipment for appointing women among 30% of its workforce. “Women of Rajasthan can do wonders. Whether it’s sports, academics, medicine, our women ...
  • DP World keen to set up logistics hub at JNPT SEZ: Chairman - General News    (2018-04-10T18:30:00Z)
    Leading port operator DP World is among global players that have evinced interest in the Jawaharlal Nehru Port Trust's SEZ which would be divided into three sectors, a top official said today. The Jawaharlal Nehru Port Trust (JNPT) will set up a free trade and warehousing zone over 277 hectare area in the SEZ. "We are working on three types of sectors for SEZ. In the first type we will give priority to domestic players. Some of them had shown interest but we cannot go ahead with single bids so we will come out with a tender in a month. where there will be 15-20 plots," Chairman-In-charge of JNPT Neeraj Bansal said. Domestic companies evincing interest include K Exports, S Internet, D Marine Food and KFI Oilfield. "The second category is FTWZ ( Free Trade and Warehousing Zones) where large players are interested. Third balance will be a big player who can take the entire plot," Bansal said. He said DP World is one of the major global players which has shown interest in setting up a ...
  • JCB rolls out 3,000th machine from Jaipur plant - General News    (2018-04-10T18:30:00Z)
    Earthmoving and construction equipment company JCB today rolled 3000th machine manufactured at its plant here with 'Made in Rajasthan' tagline. Chief Minister Vasundhara Raje visited the plant at Mahindra SEZ where JCB group chairman Lord Bamford briefed her about the facility. Nearly 30 per cent of the workforce are women, the chairman informed the chief minister who also met with women engineers and staffers. Speaking at the function to mark rolling out of 3000th machine of the plant, Raje said that the company has created opportunities for women in what is considered a male bastion, by having 25-30 per cent workforce as women. Highlighting the efforts of the government to push investment in the state, Raje said that the efforts to accelerate economic growth and development and to invite investment have resulted in the creation of 13.50 lakh jobs in the last four years. She said that women are proving their mettle and contributing to the growth and development of various sector that
  • Setback for Patnaik govt as CII pulls out from Make in Odisha 2.0 - Rediff: Business    (2018-04-10T18:30:00Z)
    CII, in a communication with the state industries department, cited it had a packed schedule for the year and the dates frozen for the Make in Odisha conclave clashed with a major national summit hosted by the industry body.
  • CPEC the most visible part of strong China-Pak ties: PM Abbasi - Sify News    (1969-12-31T18:30:00Z)
    [China], Apr 10 (ANI): Pakistan Prime Minister Shahid Khaqan Abbasi has said that he sees the China-Pakistan Economic Corridor (CPEC) as the most visible part of the Belt and Road Initiative (BRI)
  • CPEC the most visible part of strong China-Pak ties: PM Abbasi - General News    (2018-04-09T18:30:00Z)
    Pakistan Prime Minister Shahid Khaqan Abbasi has said that he sees the China-Pakistan Economic Corridor (CPEC) as the most visible part of the Belt and Road Initiative (BRI) and is a sign of strong bilateral relations between Islamabad and Beijing.In an exclusive interview with Chinese journalist Zou Yue of China Global Television Network (CGTN), Abbasi said, "CPEC has benefitted Pakistan a lot. It is the visible part of BRI, as a part to push towards the West. It has improved connectivity. We are building 17,000 multi-lane motorways. We are building Special Economic Zones (SEZs). It is a positive move by both Pakistan and China."He added that the Gwadar Port in Balochistan was operational and would provide access to Central Asia by sea, thereby enhancing connectivity.Expressing concern on the fall of Pakistani rupee, Abbasi said, "The rupee needs to find its real value. There should be a correction in the value of rupee. We are in a growth phase."He further said that Pakistan's ...


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