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2. 8 THE DOLLAR BUSINESS II AUGUST 2016
Volume: 3 Issue: 08 August 2016
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COVER STORY22
Special Economic Zones (SEZs) came into
existence in 2005. The idea was to enhance
exports and earn ‘precious’ foreign exchange.
And they were doing it all until sometime back.
So, what suddenly happened that the name SEZ
is not sufficient anymore to realise the country’s
export ambitions? Do we, as a country, need
go back to the drawing board and re-design
the entire SEZ policy? The Dollar Business
investigates the reasons for the downward spiral
and looks for ways and means to revive these
special ‘export’ zones.
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Editor : Manish K. Pandey
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Associate Editor (Online) : Sheela Mamidenna
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Assistant Editors (Print) : Neha Dewan, Ahmad Shariq Khan,
Sairaj Iyer
Assistant Editors (Online) : N. Sharath Chowdary,
Aamir Hussain Kaki
Principal Correspondent : Deepak Kumar
Correspondents : Pooja Jain, Sania Ashraf
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Founder & Editor : Anil Goyal
Publisher : Avnish Goyal
Chief Consulting Editor : Dr.A. K. Sengupta
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INDIA’S
SEZs:
TIME TO STOP
THEIR
COLLAPSE
AUGUST 2016 II THE DOLLAR BUSINESS 9
INBOX
LETTERS TO THE EDITOR
Readers’ feedback, criticism, and
appreciation that hit our mailboxes
in July 2016
MONOLOGUE
PEOPLE SPEAK
From Theresa May on Brexit to
Narendra Modi on India’s business
interest in South Africa and more...
GLOBAL TRADE
The US-China trade war, World
Bank on Malaysia’s SME growth,
Namibia’s beef exports to US,
IMF’s grant to Iraq & much more...
INDIA TRADE
India’s improved LPI ranking, and
its triumph over China in pharma
exports, the Mozambique pigeon
peas deal & much more...
SPOTLIGHT
GUATEMALA
The country is attracting FDI and
showing promise in global trade
SECRET INGREDIENT
BABY GARMENTS
There are opportunities galore for
Indian kidswear exporters
GLOBAL CORPORATION
INTEX TECHNOLOGIES
CMD Narendra Bansal shares his
plans for growth & diversification
IMPORT’ONOMICS
ETHYLENE GLYCOL
Low production and high demand
means importing it is the only option
POLICY MONITOR
EPCES
Executive Director D. K. Sareen
reveals the council’s future plans
POLICY FOCUS
STATE TRADING ENTERPRISES
Post-liberalisation are STEs
relevant in the Indian context?
EXCLUSIVE COLUMN
IMPACT OF BREXIT
Ajay Sahai, DG & CEO of FIEO, on
the impact of Brexit on Indian trade
NEXGEN NEWAMAKER
HI-TECHROBOTIC SYSTEMZ
Anuj Kapuria, Founder-CEO, on the
future of hi-tech manufacturing
TDB FORUM
Questions about foreign trade that
hit our mail box in July 2016
DATEBOOK
Some must visit trade shows
DOCKYARD
GUJARAT PIPAVAV PORT
This port has shown promise after APM Terminals took over. And
with expansion plans in place, there seems an even better future
H.E. GEORGES DE
LA ROCHE
AMBASSADOR OF
GUATEMALA TO INDIA
On the need to strengthen
bilateral trade ties
DR. RAMAN SINGH
CHIEF MINISTER OF CHHATTISGARH
Talks about factors that make Chhattisgarh an ideal
investment destination and what the state is doing to
to create an enabling environment for businesses
50
10
12
14
20
66
88
92
60
54
46
42
CRESENCIANO G.
MARAMOT
MD, SGS INDIA & SRI LANKA
Reveals strategies that have
helped his company stay ahead
of competition, across the globe
82
84
90
78
72
94

3. 22 THE DOLLAR BUSINESS II AUGUST 2016
COVER STORY SPECIAL ECONOMIC ZONES (SEZs)
WHAT AILS INDIA'S
MANUFACTURING
HOT SPOTS?
AUGUST 2016 II THE DOLLAR BUSINESS 23
BY SISIR PRADHAN
Special Economic Zones (SEZs) came into being a decade back with
extravagant praise. The 'big idea' was to enhance exports and earn precious
foreign exchange. Considering that an SEZ was completely exempted from
income tax, these zones were successful in achieving their mandate, even
clocking a stellar exports growth of 121% in FY2011. But that's where the good
news ends. Today, we are faced with a pertinent question. Is the modern day
SEZ policy encouraging enough to help India realise its export ambitions? Or
is there a need for an overhaul in the rules that guide, control and dictate the
functioning of SEZs? The Dollar Business investigates reasons for the unhappy
state of affairs of these special 'export' zones and if revival is a possibility.
Aerial view of the amphithe-
ater at eVolve – The GenNxt
IT Park in IT SEZ, Mahindra
World City, Jaipur.
Developers have build
infrastructure in huge tracts
of land but in the present con-
dition are finding it difficult to
attract exporting units.