Several developers, including Posco-India, Unitech, and Lodha, requested more time for SEZ projects, citing market instability. The government is implementing reforms to boost SEZ investments.
The Government announces a new online grievance redressal system for SEZ developers to expedite issue resolution and boost exports.
Developers surrendering Special Economic Zones (SEZs) must pledge to adhere to government land-use guidelines. Respective state governments will oversee these lands for infrastructure projects aligned with original SEZ objectives.