India

Is the Modi government really keen on reviving SEZ ?

August 19, 2014 09:25 PM

There is little doubt the government is coming around to the realisation that manufacturing is crucial to India's economic recovery. In his maiden Independence Day speech Prime Minister Narendra Modi stressed on the need to make quality products within the country and reduce their imports. The prime minister said his long-term vision was to transform India into a manufacturing powerhouse.

Taking this vision to the next level, the government set up a high-level team on Saturday to review the problems of a large number of stalled economic zone projects across the country. These special economic zones, or SEZs, were meant to be tax-free industrial enclaves with reliable electricity, water and road network to boost manufacturing. Instead, a large number of them are hanging fire because of regulatory concerns.

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