Baba Kalyani of Bharat Forge to Head Group to Study SEZ Policy | CORPORATE ETHOS

Baba Kalyani of Bharat Forge to Head Group to Study SEZ Policy

By: | June 6, 2018
Baba Kalyani

Jun 6: India Government has appointed Baba Kalyani, Chairman of Bharat Forge as Head of the group of eminent persons to study the Special Economic Zones (SEZ) policy.

The SEZ Policy was implemented from 01st April, 2000. Subsequently the Special Economic Zones Act, 2005 was passed by Parliament in May, 2005 and received Presidential assent on the 23rd of June, 2005 and the Special Economic ZoneAct was enacted. The SEZ Act, 2005, supported by SEZ Rules, came into effect on 10th February, 2006.

The group will evaluate the SEZ policy, suggest measures to cater to the needs of exporters in the present economic scenario and make the SEZ policy WTO compatible, suggest course correction in SEZ policy, make comparative analysis of the SEZ scheme and dovetail the SEZ policy with other similar schemes.

Other members of the group are:
RavindraSannareddy, MD, Sricity SEZ Ltd, Neel Raheja, Group President, K Raheja Group, Arun Misra, MD, Tata Steel SEZ Ltd, Anita Arjun Das, MD, Mahindra Life Space Developer, Ajay Pandey, MD & Group CEO, Gift Cit