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Business EconomyPosted at: Jan 1 2019 6:58PM


No agri export zone after 2004

New Delhi, Jan 1 (UNI) The Government has set up no new agri export zone (AEZ) after 2004, official sources said here.
The concept of AEZ was introduced in 2001 through EXIM Policy 1997-2001 to take a comprehensive look at a particular produce located in a contiguous area for the purpose of developing and sourcing the raw materials, their processing/packaging, leading to final exports.
The concept hinged primarily on convergence of existing Central and state government schemes to take care of financial interventions required at various stages of value chain; partnership among various stakeholders viz. Central government, state government, farmer, processor, exporter; and focus on targeted products and areas to identify required policy interventions. All these activities did take place in certain respects in the notified Agri Export Zones.
The sources said in December 2004, an internal peer review conducted by Department of Commerce concluded that the notified AEZs had not been able to achieve the intended objectives.
It was, therefore, decided that there will be no creation of new AEZs, unless there were strong and compelling reasons. No new AEZs have been set up after 2004. All the notified AEZs have completed their intended span of five years and have been discontinued.
In all 60 AEZ were notified by the Government till 2004-05.
UNI SW ADG 1858
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