Friday, Mar 29 2024 | Time 00:32 Hrs(IST)
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Business Economy


Over 280 units in SEZs, manufacturing pharmaceuticals, hospital devices operational

New Delhi, Mar 31 (UNI) More than 280 SEZ units, engaged in manufacturing of essential items like pharmaceuticals and hospital devices, are operational during the complete lockdown in the country to curb the spread of Covid-19.
Special Economic Zones (SEZs) have been a significant contributor to the exports from India over the past years, contributing approximately 18 per cent of India’s total exports.
In the present scenario of SEZs units engaged in manufacturing of essential items like drugs, pharmaceuticals or hospital equipment are operational to ensure these critical supplies are not disrupted.
More than 1900 IT and ITES Units have been facilitated to enable their employees to work from home, according to Commerce and Industry ministry statement on Tuesday.
Development Commissioners of SEZs have been requested to ensure that there is no hardship to Developer, Co-Developer and Units and no punitive action is taken in cases where compliances like filing of QPR, APR, SOFTEX in case of IT or ITES Units required to be filed by March 31 are not completed.
Further, It has also been requested that all extensions of LoAs and other compliances are facilitated through electronic mode in a time-bound manner and where it is not possible to grant extension through electronic mode or in cases where a physical meeting is required, it may be ensured that the Developer, Co-developer or Units do not face any hardship due to such expiry of validity during this period of disruption.
And ad-hoc interim extension or deferment of the expiry date may be granted to them without prejudice till June 30 or further instructions of the Department on the matter, whichever is earlier.

All Development Commissioners are closely coordinating with the units in their jurisdiction for their smooth functioning while ensuring that all necessary precautions of work-place safety, including social distancing are scrupulously adhered.

During the current financial year 2019-20, the exports from SEZs have already crossed USD 110 Billion.
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