398 SEZs yet to start operations: Minister

Tags: SEZ, IT
As many as 398 special economic zones (SEZs) have not yet started operations despite getting necessary approvals, Commerce and Industry Minister Nirmala Sitharaman told Rajya Sabha today.

Replying to supplementaries during Question Hour, she said setting up of SEZs is a long term process and time for completion of project depends on several issues.

"The reasons for not being able to operationalise the SEZs include changed fiscal incentive regime for SEZs, difficulty in achieving contiguity of land, global recession, delay in approvals from statutory/state government bodies and delay in environment clearance etc," she said.

She said SEZ is cancelled/de-notified subject to payment of all applicable duties and tax benefits availed by the developer and receipt of no-objection certificate (NOC) from the concerned state government.

"The loss is more in terms of lost opportunity in creation of additional economic activities, generation of jobs and their contribution to exports," she said.

Sitharaman said the government reviews functioning of SEZs as an on-going process.

"Government periodically takes necessary measures so as to facilitate speedy and effective implementation of SEZ scheme," she added.


  • Modi must clearly say that preservation of cows is not about manslaughter

    Instead of in-fighting between hindus and muslims, India should fight poverty and maintain its values of diversity and tolerance, as advised by Presid


Stay informed on our latest news!


Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs


Urs Schoettli

America lacks will to contain China

Recently both the Chinese leader Xi Jinping and Indian prime ...

Zehra Naqvi

Exercise gets creative juices flowing

Ever known that feeling of being sluggish and drowsy, of ...

Bubbles Sabharwal

You are what you believe yourself to be

The Gita says a man is what his shraddha is. ...


William D. Green

Chairman & CEO, Accenture