SEZ Current Affairs

Belgium opens honorary consulate in GIFT City

Belgium has become the first country to open an honorary consulate office in Gujarat International Finance Tec-City (GIFT City), Gandhinagar, Gujarat. Belgium already has two Consulates-General in Mumbai and Chennai, and an honorary consulate in Kolkata. The consulate was inaugurated by Belgian Secretary of State for Foreign Trade, Pieter De Crem.

Hari Sankaran, Vice-Chairman and MD, Infrastructure Leasing & Financial Services (IL&FS), has been nominated as Honorary Consul of the Kingdom of Belgium to the state of Gujarat. Gujarat and Belgium have strong historic ties surrounding the diamond industry.

GIFT City

GIFT is a central business district (CBD) located between Ahmedabad and Gandhinagar in the state of Gujarat. GIFT will be built on 886 acres of land to provide high-quality physical infrastructure with facilities like electricity, water, gas, district cooling, roads, telecoms and broadband services to woo finance and tech firms to relocate their operations from Mumbai, Bangalore, Gurgaon etc. GIFT will include a special economic zone (SEZ), international education zone, integrated townships, an entertainment zone, hotels, a convention center, an international techno park, Software Technology Parks of India (STPI) units, shopping malls, stock exchanges and other service units. The likely cost of the GIFT City project is Rs 70,000 crore.

Gujarat International Finance Tec-City Company Limited (GIFTCL) is responsible for developing and implementing the project. GIFTCL is a joint venture of Gujarat Urban Development Company Limited (GUDCOL) and Infrastructure Leasing & Financial Services (IL&FS).

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Union Commerce Ministry launches SEZ India app

The Union Ministry of Commerce and Industry (MOCI) has launched a mobile application named “SEZ India” under its broader e-Governance initiative to help the Special Economic Zone (SEZ) Units and Developers.

It will help the SEZ Units and Developers to find information easily and track their transactions on Online System. It will also facilitate them to file all their transactions digitally through SEZ Online system and track the status on the go through the SEZ India mobile app.

The app has four sections
  • SEZ Information: It consists of compendium of the SEZ Act, 2005, MOCI Circulars, SEZ Rules, 2006, details of SEZs and Units etc. and gives up to date comprehensive details on all these aspects.
  • Trade Information: It gives access to important information and tools such as Foreign Trade Policy (FTP), Hand Book of procedure, Customs & Excise Notification, Duty Calculator and MEIS Rates.
  • Contact Details: It consists of contact details of all Development Commissioners Office, DG System, DGFT, DGCI & S and SEZ online.
  • SEZ online Transaction: It dynamic submenu that tracks the Bill of Shipping/Entry Bill processing status and also does verification. It also helps the Exporters/Importers to track status of Shipping Bill/ Bill of Entry integration and processing in the EDI system of the ICEGATE.

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