Friday, November 15, 2013

Govt relaxes outsourcing norms for SEZ units

In a bid to facilitate manufacturing and augment exports, the commerce ministry has allowed
manufacturing units in special economic zones (SEZs) to sub-contract work for up to three
years, instead of just one year allowed at present. The relaxation would apply to only those manufacturing units that have substantial exports, with average annual shipment of Rs 1,000 Crores
or more in at least 2 out of 4 years.

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