Government Forms 17-Member Committee to Propose Reforms in SEZ Policy

The Indian government has formed a 17-member committee to propose comprehensive reforms for the Special Economic Zones (SEZ) policy, aiming to develop a SEZ 2.0 framework. The panel, including representatives from commerce, customs, Niti Aayog, DPIIT, and CBIC, will study harmonisation of export promotion schemes and assess the SEZ Act, 2005. It will evaluate recent reforms' impact on exports, investment, employment, and ease of doing business, while identifying operational and regulatory challenges faced by SEZ developers and units.