Business EconomyPosted at: Jun 13 2018 6:19PM

EPCES Head joins SEZs review panel of Commerce Ministry

New Delhi, June 13 (UNI) The Ministry of Commerce and Industry has appointed Export Promotion Council of EOUs and SEZs (EPCES) officiating Chairman Mr Vinay Sharma as a member of the group constituted by Department of Commerce for studying the Special Economic Zones (SEZ) policy of India.
Mr Sharma has been invited by the Ministry to attend the first meeting of the SEZ review panel here scheduled on June 22, an official statement said.
Welcoming the decision to include council representation in the group for SEZ policy, Mr Sharma said, “EPCES has reinforced the business environment for SMEs, mid and large-sized companies in the country. India is growing fast but other countries in Asia are also gearing up fast, hence policy and regulations need to be revisited to match the new-world economic scenario. Also, EPCES will be able to contribute significantly in making recommendations as per WTO norms.

There are 223 operational SEZs and 5146 units are there in these SEZs and business from these SEZs has clocked 18 per cent increase year on year between 2016-17 and 2017-18.
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