The Government has declared to start a grievance resolving instrument for SEZ (Special Economic Zone) developers with a view to expeditiously address their problems, quires and to boost exports.
The Commerce Ministry is working with Export Promotional Councils and SEZs to prepare the online system for the multi-purpose activity.
The Ministry is gearing to launch the system by December end and the main motive is to provide a platform to SEZ developers where they can post their operative complains which would be taken care off in shortest period of time by the concern department.
The online instrument will be a single grievance redressal system, after the operationalizing success of this system the Govt will start the second phase where policy and other related matter could be discussed and sorted out.
The Government would start test runs of the proposed system and criticisms concerning to any department such as green or any state Government should be posted on the online system. The online instrument will help in reducing transaction cost and will boost exports and manufacturing form these SEZ zones.
The SEZs which emerged as major export hubs and infusion destinations started losing their sheen after the slowdown and imposition of Minimum Alternate Tax.
The Government is taking drastic steps to revive interest for SEZs, as it has disclose to soften some norms including easing land laws for the SEZs. There is a decline in exports seen in these zones in the first half of the fiscal year.