Transition to SEZ 2.0 Regulations and Board of Trade Targets

Published

The Ministry of Commerce and Industry is aggressively reconstructing its internal frameworks to accelerate country-wide merchandise exports toward a milestone target of $1 trillion. A newly appointed 17-member committee convened a major stakeholder meeting to harmonize competing export promotion schemes and draft a structural roadmap for an updated “SEZ 2.0” policy. Trade experts are strongly advising the government to shift regulatory responsibilities away from standard bureaucratic divisions over to the Directorate General of Foreign Trade (DGFT) to move the primary focus from tax concessions to streamlined governance. Additionally, Union Minister Piyush Goyal will chair a high-level Board of Trade meeting involving newly nominated industry leaders to leverage benefits from recent trade pacts.

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