The government could junk the proposed Development of Enterprise and Service Hubs (DESH) bill as it evaluates the need for a new legislation to overhaul the country’s special economic zones (SEZ). Whether it will be DESH bill or amending the SEZ Act or some new format, the modalities are being discussed,” said an official. The ministries of finance and commerce & industry have been in discussions on the DESH bill for more than a year. “There is a thinking that the DESH bill should be scrapped and the SEZ Act should be amended,” said a person familiar with the deliberations. The existing SEZ Act was implemented in 2006 with an aim to create export hubs and boost manufacturing in the country.

Source: Economic Times November 06, 2023 12:23 UTC