August 23, 2012 7:29 PM

printer

Government considering amendments to boost SEZ

The government is considering steps to ensure that Special Economic Zones, SEZs, remain attractive destinations for investments. Commerce and Industry minister Anand Sharma said this while inaugurating India International Jewellery Show in Mumbai today. He admitted that SEZs had seen a gradual slowdown though they account for more than a quarter of country's exports. The commerce minister said he had written to the finance minister to reconsider withdrawing the Minimum Alternate Tax and the Dividend Distribution Tax. He said the government is working closely with the industry leaders to formulate slew of measures to offer a fillip to the special economic zone exports. An official release said, Mr. Sharma pointed out that the government is encouraging global partnerships and collaborative ventures to adopt a diversified approach in the jewellery sector. He said, New Delhi is setting up an India-Africa Diamond Institute in Botswana, with Indian assistance of 2.7 million US Dollars. AIR correspondent reports, the 29th edition of the India International Jewellery show has attracted over 800 exhibitors with 1,800 stalls. More than 30,000 business associates are expected to visit the five-day event.

Most Read
View All arrow-right

No posts found.