Special Economic Zone News

A suspected gas leak was reported in the industrial area near Visakhapatnam Over 50 workers, mostly women, have been hospitalised

200 women workers of an apparels firm fell sick after a gas leakage at adjacent drugs company in Andhra Pradesh. The gas leak occurred at Porus Laboratories affecting staff of an adjacent firm in the SEZ in Atchutapuram area. The affected women complained of vomiting, headache and burning sensation in eyes.

The Bill will replace the Special Economic Zones (Amendment) Ordinance, 2019 (12 of 2019) and will be introduced in ensuing session of the Parliament.

APSEZ, part of Gautam Adani-led Adani Group had recorded 100 MT cargo in 2013-14.

The SEZ players have demanded that they be allowed to sell their goods in DTA on same terms as applicable under free trade agreements (FTAs) signed by India with different countries.

The government has launched a mobile app called 'SEZ India' that provides detailed information about the country's special economic zones, an official statement said on Sunday.

The Centre has rejected a proposal of software major Infosys to set up an IT special economic zone (SEZ) in West Bengal due to lack of state's recommendation.

Adani Ports and Special Economic Zone on Tuesday said it has raised Rs 500 crore through issue of debentures on private placement basis.

 Tata Steel is in discussion with foreign companies for investments up to Rs 20,000 crore in heavy industries over the next five years at its Special Economic Zone (SEZ) project at Gopalpur in Odisha.

These stocks would be replaced by Adani Ports and Special Economic Zone and Asian Paints Ltd.

Credit rating agency Fitch on Friday assigned a stable outlook to Adani Ports and Special Economic Zone (APSEZ).

Adani Ports and Special Economic Zone is marketing a five-year US dollar bond to yield around 210bp over US Treasuries.

The Gujarat High Court on Wednesday set aside a 2010 notification of the union government which levied customs duty on electricity transfer by Adani Power Limited from its Special Economic Zone at Mundra to domestic areas with retrospective effect.

The Reserve Bank has allowed foreign investors to invest up to 40 percent of the paid up capital in Adani Ports and Special Economic Zone Ltd (APSEZ) under the Portfolio Investment Scheme (PIS).

The Commerce Ministry will on Tuesday take up 22 proposals of SEZ developers that have approached it to surrender their tax free zones.

On NSE, the scrip gained 9.33 percent to settle at Rs 347.20.

The Commerce Ministry in a notification on guidelines for power generation in SEZs said the directive issued in March 2012 was being withdrawn and the position of February 2009 was being restored.

Regulation for the International Financial Services Centres will be issued by the month end and the first such centre will be developed in the GIFT City in Gujarat, government said Friday.

Government has received investment proposals worth over Rs 25,352 crore for electronics manufacturing in the country under the two schemes launched by the government to boost domestic production of such goods.

Export from the Special Economic Zone (SEZ) in Madhya Pradesh's Indore can touch Rs 3,500 crore in the current financial year if the bullish sentiment in global demand continues to drive the growth.