CENTRE AMENDS SEZ RULES

The government has made several changes in the Special Economic Zones (SEZ) Rules, 2006. Major changes include the minimum processing area for multi-product SEZ being raised to 35% from 25% and the ceiling for free trade and warehousing zones fixed at 50%. Following great response from the service and manufacturing companies as well as the demand from some Chief Ministers, the government is looking at reviewing the cap of 150 SEZs.