Current Affairs - Economy - Discussion

The Government of India formed a high-level committee to recommend comprehensive reforms for the Special Economic Zones (SEZ) policy with the aim of developing a modern SEZ 2.0 framework. This committee consists of 17 members representing key government institutions and policy bodies. Members include representatives from the Ministry of Commerce, the Central Board of Indirect Taxes and Customs (CBIC), the Department for Promotion of Industry and Internal Trade (DPIIT), and NITI Aayog, along with other stakeholders. The panel’s role is to review the SEZ Act of 2005, identify gaps, align SEZ policies with export promotion schemes, evaluate recent reforms, and address operational challenges faced by SEZ developers and units.