Govt for continued growth of SEZs: Anand Sharma

Govt for continued growth of SEZs: Anand Sharma

by CW India Staff on Mar 3, 2010

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Anand Sharma, Commerce and Industry Minister

Clearing any confusion over continuation of tax benefits to Special Economic Zones (SEZs), the Commerce and Industry Minister Anand Sharma today said that the support and incentives will continue without any dilution. “If there are any issues, we will assess and if there are legitimate concerns which may have serious impact, we can always take it up with the Finance Minister”, Sharma said in New Delhi. He also said that some other policy issues concerning the labour intensive units, would be addressed soon.
SEZ unit holders and developers had earlier raised concern regarding continuation of income tax holiday after the Direct Tax Code comes into effect, replacing the existing Income Tax Act.
Sharma said the government is committed to ensuring continued growth of SEZs to draw investments and boost export.

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