SEZ Current Affairs - 2020

PM Modi reviews Multi-Modal Connectivity of Economic Zones Project

On August 17, 2020, Prime Minister Narendra Modi chaired a meeting to review preparations for National Master plan on Multi-modal Connectivity of Economic Zones Project. This will boost infrastructure, productivity, economic progress and opportunity for youngsters. Special Economic Zones A Special Economic Zone is a territory within national borders. The SEZs are created to promote Read More…

Home Ministry issues Guidelines for Lock Down 2.0

On April 15, 2020, the Ministry of Home Affairs launched revised guidelines for lock down 2.0. The second lock down, also called the smart lock down aims to consolidate the gains achieved by the first lock down. It is to be extended till May 3, 2020 Highlights Under the smart lock down the public transport Read More…

SEZs manufacturing essentials like pharmaceuticals, hospital equipment are operational

Around 280 SEZ (Special Economic Zones) that are involved in manufacturing essential goods such as pharmaceuticals, drugs and hospital equipment are operational amidst Lock Down. These economic zones contribute 18% of the exports of the country. Highlights While addressing the ministers video conference of G20, the Union Minister Piyush Goyal said that India has not Read More…

First SEZ in Tripura to focus on agro-based food processing

The Government of India approved the first SEZ (Special Economic Zone) at Sabroom, Tripura in October 2019. Recently, it was announced that the SEZ will primarily focus on agro-based food processing. Union Government is expected to invest around Rs 1550 crore in the project. Highlights The SEZ is to be developed by the Tripura Industrial Read More…

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 Read More…