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TMI BlogRelaxation of Norms for SezsX X X X Extracts X X X X X X X X Extracts X X X X ..... Relaxation of Norms for Sezs X X X X Extracts X X X X X X X X Extracts X X X X ..... s decline of 4.25% over the exports of the corresponding period of FY 2012-13. In order to facilitate the manufacturing process and thereby augment exports from SEZs, the period of sub-contracting of production or any production process by large manufacturing SEZ units, except Gems & Jewellery sector SEZ units, to Domestic Tariff Area (DTA) has been increased up to three years at a time subject t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o certain conditions. This is in addition amendments to the SEZs Rules, 2006 which aim to address the challenges being faced by SEZ Developers and Units on the one hand, while creating a more investor friendly environment on the other. These include reduced minimum area requirements for establishing SEZs, reforms in vacancy norms for land for SEZs, sectoral broad-banding and graded scale for minim ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... um land criteria in order to allow greater flexibility and to facilitate optimal utilization of SEZ land, clarification of norms for transfer of assets by SEZ Units upon their exit etc. The amendments also provide that while there will be no minimum land area requirement for setting up IT/ITES SEZs such IT/ITES SEZs will have to conform with a minimum built up area requirement which is graded as p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... er category of cities based on their IT density. The Government, on the basis of inputs/suggestions received from stakeholders on the policy and operational framework of the SEZ Scheme, periodically reviews the policy and operational framework of SEZs and takes necessary measures so as to facilitate speedy and effective implementation of SEZs as also to promote investment in SEZs thereby augmenti ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng growth of employment and SEZ exports. In order to address the challenges being faced by SEZs, certain amendments have been carried out in the SEZ Rules, 2006, on 12th August, 2013 with the objective of making the operational framework of SEZs more investors' friendly and to better achieve the objectives of the SEZ policy. The amendments to the SEZs Rules, 2006 include reduced minimum area requi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rements for establishing SEZs, reforms in vacancy norms for land for SEZs, sectoral broad-banding and graded scale for minimum land criteria in order to allow greater flexibility and to facilitate optimal utilization of SEZ land, clarification of norms for transfer of assets by SEZ Units upon their exit etc. The amendments also provide that while there will be no minimum land area requirement for ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... setting up IT/ITES SEZs such IT/ITES SEZs will have to conform with a minimum built up area requirement which is graded as per category of cities based on their IT density.
The information was given by the Minister of State in the Ministry of Commerce and Industry Dr. E.M. Sudarsana Natchiappan in Lok Sabha today. X X X X Extracts X X X X X X X X Extracts X X X X
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