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Date: 05/08/2022

Centre mulls infra status for SEZs to improve access to finance

The government plans to give Special Economic Zones (SEZs) infrastructure status to improve access to finance and enable long-term borrowing from lenders at easier terms. This is being done under the proposed revamped law for SEZs, also known as Development (Enterprise and Services) Hub Bill, 2022. It seeks to set up development hubs for promoting economic activity, generating employment, integrating with global supply and value chains, maintaining manufacturing and export competitiveness, developing infrastructure facilities, and promoting investments, including in R&D. Such hubs will also have existing SEZs, as per a report.

Source: Exim News Service: New Delhi, Aug. 4