The commerce ministry decided in recent meeting that Amended Rules, 2013 which was decided for special economic zones (SEZs) was launched with much fanfare over seven years ago. Yet no proper development took place. Hence the government rolled out the promised a new package of reforms to make the development fast and immediate.
Hmmm yes, it will enhance the real estate sector of the country for sure, but the real estate developers are not happy with the decision. They think there are several other factors that have stifled the growth of a sector, which posted growth of over 121 per cent in exports in 2009-10.