FCC

Government moves to ease financing norms for SEZs

2022-08-05

The Development (Enterprise and Services) Hub Bill, 2022, the proposed revised law for Special Economic Zones (SEZs), aims to make it simpler for businesses to finance operations related to manufacturing and services hubs.

Giving them infrastructure status will permit long-term borrowing from lenders on more favourable terms and enhance access to financing on par with industries like roads, rail, canals, and airports. In the current monsoon session, the government wants to enact the DESH Bill.

After the Bill is enacted, the commerce ministry will collaborate closely with the department of economic affairs in the finance ministry to finalise the guidelines, which will be included into the current infrastructure sub-sector masterlist.