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‘Special Economic Zones’ encapsulate Government of India’s vision of Make in India, Digital India and Skill IndiaMazars to release Knowledge Paper on Special Economic Zones at the Global Economic Zones (GEZ) Expo & Convention 2019 | ||
New Delhi, Delhi, India
Quick Facts
‘Economic Zones’ are the vanguard to opening a country’s economic supply chain to the outside world. They provide an environment laced with a liberalised regulatory regime and financial incentives, which help to attract investment, kick-start production, generate quality employment, and give a thrust to trade. Most emerging economies are moving towards adopting this framework and creating ‘specialised’ economic and export hubs that would give them better access to foreign funding and an inexhaustible overseas consumer base.
GEZ - Expo - Global Economic Zones Presently, ‘Special Economic Zones’ in India are an integral part of the country’s domestic as well as foreign policy, they help attract FDI, and epitomise the philosophy of initiatives such as ‘Make in India’, ‘Digital India’ and ‘Skill India’. The country boasts of 231 operational SEZ and around 355 SEZ that are notified (as on 22nd January, 2019). An additional 421 SEZ acquired formal approvals and 32 secured in-principle approvals (as on 30th September, 2018).
Mazars is a leading independent and integrated international organisation that specialises in audit, accountancy, advisory and tax services. It assists major international groups, entrepreneurial and small businesses, private investors and public bodies at every stage of their development.
EPCES has been set up by the Ministry of Commerce & Industry, Government of India, to service the export promotional needs of EOUs & SEZs in the country. It has a clear mandate to attract investment in SEZs (including FDI) and to market Indian SEZs abroad in order to attract units to SEZs. EPCES represents major industrial sectors, like textiles, garments & yarn, gem & jewellery, leather goods, food & agro products, electronics & software, pharmaceuticals & chemicals, engineering, minerals, granites & other stones, plastic & rubber goods, etc. EPCES is the only scheme-specific and multi-products exports promotion council.
WICS Group offers country and industry-specific advisory and implementation services for business expansion. The company has an expert team of business leaders, technical specialists, and advisors with intimate experience of sovereign government operations, who provide valuable services to entrepreneurs in forging productive business partnerships in the domestic and overseas markets. WICS Group works with clients across a variety of business sectors and domains, including finance & insurance, energy & utilities, IT, telecom, media & entertainment, manufacturing, healthcare & pharmaceuticals, textiles & garments, consumer goods, etc.
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