Commerce and Industries Minister Shri Kailash Vijayvargiya has said that Global Investors Summit to be held at Indore in October will prove to be a milestone in Madhya Pradesh’s development.

Highway projects, industrial estates, complexes and parks, special economic zones (SEZs), ports and harbours have been designated as industries with high pollution potential by the State Government

Evacuees To Get Extra 12% Of Value Annually Till Deal Is Done.

SEZs had lost sheen after imposition of certain levies and proposal to take away tax incentives

The government is expected to come out soon with new norms to revive special economic zones (SEZs), which have lost sheen after imposition of certain levies and proposal to take away tax incentives, a government official said. "The Commerce and Finance Secretaries are discussing all the issues relating with these zones.

"The policy is expected to create an indigenous manufacturing eco-system for electronics in the country. It will foster the manufacturing of indigenously designed and manufactured chips creating a more cyber secure ecosystem in the country," said an official statement. Under the scheme, government will provide incentives up to Rs 10,000 crores during the 12th Five Year Plan period (2012-17).

"The projects with incentives of Rs 10,000 crore have potential to create employment for nearly 0.5 million persons," the statement said.

The focus of the new version of the Land Acquisition Bill, to be tabled in Parliament in the monsoon session next month, would be on compensation and transparency in acquisition.

In keeping with Sonia Gandhi-led National Advisory Council's social welfare approach of rights-based entitlement, the government plans to rename the Land Acquisition, Rehabilitation and Resettlemen

Cabinet likely to take up the bill for consideration by the end of month, in time for its introduction in monsoon session

New Delhi Says commerce ministry’s suggestion for change in norms will only facilitate ‘land grabbing by pvt sector’

Finance ministry has strongly opposed the proposal to further liberalise the norms for Special Economic Zones (SEZs), saying the commerce ministry’s suggestion will only facilitate “land grabbing by the private sector”. The commerce ministry recently sought relaxation in the minimum area requirement and the land contiguity norms for SEZs in a bid to prop up export growth from these zones. Growth in exports from SEZs is still in double digits, but lower than overall export growth, raising questions over the need for these enclaves that enjoy sundry tax sops