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Conversion of EPZ into SEZ |
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13-3-2015 | |||||||||||||||||||||
Eight Export Processing Zones (EPZs) were converted into Special Economic Zones (SEZs) with the enactment of SEZ Act 2005 and Rules framed thereunder. However, no EPZ has since been converted into SEZ. The contribution of SEZ exports, employment generated and investment made in respect of these 8 SEZs during the last three years is as under:
The performance of the Units are regularly monitored by the Development Commissioners of SEZs as per the provisions of SEZ Act, 2005 and Rules framed thereunder to ensure that exports are made in accordance with SEZ laws. This information was given by the Minister of State (Independent Charge) in the Ministry of Commerce & Industry Smt. Nirmala Sitharaman in a written reply in Lok Sabha today. |
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