Indian Government to relax SEZ policy soon

August 6, 2008 at 5:23 pm

Pranab Mukherjee, Indian politician, current F...Image via Wikipedia

With the Left parties out of its way, the UPA government is likely to relax the SEZ policy and may consider the demand from developers for raising the land ceiling of 5,000 hectares.

The empowered Group of Ministers (eGoM), headed by External Affairs Minister Pranab Mukherjee is scheduled to meet tomorrow for clearing long-pending grey areas in the SEZ policy backed by a legislation.

The issues expected to be taken up by the ministers’ panel include demand from developers to revise the 5,000 hectare land ceiling for a SEZ. It would also provide clarification on the definition of what constitutes a ‘vacant land’ for the purpose of using it for SEZ units.

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Entry filed under: Funds-Investments.

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