Govt panel working on new SEZ norms for exporters

A GOVERNMENT PANEL, comprising officials from the commerce and industry ministry, NITI Aayog, as well as exporters, are working on new Special Economic Zones (SEZs) norms aimed at boosting manufacturing and helping exporters leverage the domestic market amid steep US tariffs that have hurt production, a person aware of the development told The Indian Express.

- RAVI DUTTA MISHRA

This comes after multiple units in the SEZs, particularly those which entirely caterto the US market, havewritten to the commerce ministry seeking that they be de-notified due to sudden tariff pressure thathas left exports uncompetitive in the US market. However, exporters, till now, have tried to hold on to the US market even bybearing losses.SEZs enjoyvarious tax