Trade Promotion Council of India seeks incentive SEZs

The Trade Promotion Council of India (TPCI) on Friday suggested the commerce ministry to announce measures such as incentives for special economic zones (SEZs) in the next foreign trade policy (FTP) with a view to boost the country's exports. FTP (2020-25) is under formulation by the ministry
SEZs contribute significantly to exports and employment generation in the country, it said.It said there is a pressing need to allow certain tax incentives in line with the global practice to the exports to Domestic Tariff Area, in order to ensure SEZ survival and its contribution to the exports.