Real Estate News

Space For Small Units In SEZS Soon

Small-scale exporters can soon be an essential part of the mega Special Economic Zone boom.

The Union Ministry of Micro, Small and Medium Enterprises has requested the Ministry of Commerce and Industry to keep aside space for small and medium enterprises in SEZs, according to Chandra Pal, Secretary, Union Ministry of Micro, Small and Medium Enterprises.

We have requested the Commerce and Industry Ministry that at least 40 percent of plots and lands [in SEZs] be allotted to micro, small and medium enterprises,? Dr. Pal said during a recent visit to Chennai.

He said a dialogue was under way between the ministries to work out the modalities. ?Of course, all SEZ developers are looking for their profits, but we think this is important,? he said.

Dr. Chandra Pal said another option would be to treat small and medium enterprise export clusters on a par with SEZs. ?They should be given the same tax advantages.? Source: The Hindu Chennai << Back