Commerce Ministry to move Cabinet on SEZs
With the Finance Ministry cold-shouldering the proposals for giving incentives to special economic zones (SEZs) to revive investor interest in them, the Commerce Ministry is likely to approach the Cabinet on the issue in a last-ditch effort to revive the sagging fortunes of these SEZs.
The Finance Ministry and the Commerce Ministry officials have met a number of times on the issue but without any concrete solution emerging. “There has been no word from the Finance Ministry on the issue despite repeated reminders. Keeping in mind the importance of the issue, we are now contemplating going to the Cabinet directly. It is the Cabinet that will take a final call on the issue,” a senior Commerce Ministry official said.