Bombay (Maharashtra) [India], Sep 24 (ANI): The Santacruz Electronics Export Processing Zone (SEEPZ) in Mumbai may become “world-class” through a public-private partnership program, the Minister of Commerce and Industry said on Thursday. ‘Union Industry, Piyush Goyal.
Goyal visited SEEPZ on Thursday as part of “Azadi Ka Amrit Mahotsav Saptah” celebrated by his ministry.
“I am convinced that with the cooperation of all, SEEPZ can become modern and world class. We can think of a public-private partnership program in which industrial units which renovate their properties can be exempted from the review of rents for 10 years, “said the Minister of the European Union while addressing exporters and trading partners in Mumbai.
Stating that the SEEPZ established in 1973, initially to promote electronics manufacturing in India, is in need of a complete overhaul, Goyal said, “Let’s aim for transformational change, not incremental change. Let’s bring the dynamism back to SEEPZ as in previous years.
Speaking at the event, he urged the SEEPZ-based exporters to collectively decide to make the Common Service Center operational and redevelop the SEEPZ premises and turn some centers here into a chic, state-of-the-art new center to serve international customers. The minister also suggested that the Indian Trade Promotion Organization (ITPO) could have a 30,000 to 40,000 square foot exhibition complex at SEEPZ to facilitate buyers-sellers meetings.
Citing the example of Surat Diamond Bourse, he urged SEEPZ to get help in terms of facilitation for this work. The minister also cited the example of the Rs 4000 crore makeover of Pragati Maidan in Delhi. Goyal said the Center had previously announced aid of Rs 200 crore for internal expansion and renovation of one of India’s oldest export processing zones.
The Minister added: “We are proceeding with a partial de-recognition of the SEZs, we have already liberalized a number of rules, we have now allowed everyone to be multisectoral, including SEEPZ. We are also discussing how the SEZs can play a larger role in the Domestic Tariff Zone (DTA) through a balancing levy. ”The minister said we should consider exports of 30 billion SEEPZ dollars.
The minister also said that many of the issues raised by exporters, such as permission to transparently allow e-commerce for artificial jewelry up to $ 800, are under consideration by high-level committees. Shri Goyal said he is “fighting hard” for the gemstone and jewelry industry to secure a five percent rights concession they are currently charged in the United Arab Emirates, as part of the deal. early harvest. The minister also said that more free trade agreements were being finalized with the UK, UAE, Australia and the EU, in an attempt to provide greater market access. to exporters.
The ministry said in an official statement that the country’s 739 districts are celebrating Vanijya Saptah from September 20-26 this year, as part of “Azadi Ka Amrut Mahotsav,” with more than 250 programs held across the country.
Goyal congratulated all exporters and stakeholders for their support to simplify international trade, to grow faster, without interruption and to become a growth engine for our economy in the years to come. (ANI)