Govt. of India extends time line to 211 SEZ Developers to facilitate completion of Projects

25 Feb, New Delhi

Government Of India has given more time to 211 special economic zone (SEZ) developers during the last three years to execute their projects.

The letter of approval granted to SEZ developer is valid for three years within which effective steps are to be taken by the developer to implement the approved project.
Commerce and Industry Minister Nirmala Sitharaman in a written reply to the Rajya Sabha said, in last three years and current year, 224 developers have sought extension of time for the execution of their projects. She said, out of 224 applications, 211 developers have been granted extension of time.

In order to boost exports and address the widening trade deficit, Sitharaman said the government has taken a number of measures including market study initiatives to identify specific product lines with export potential, actively taking up issues relating to tariff and non-tariff barriers in bilateral meetings.