Transforming SEEPZ-SEZ: A Model for India's Industrial Future

The SEEPZ-SEZ is undergoing a major transformation with improvements in power tariffs, waste management, digital processes, and governance. Spearheaded by Minister Piyush Goyal, these changes aim to drive industry growth, positioning SEEPZ as a model for India’s industrial expansion, with a vision of a USD 30-35 trillion economy by 2047.

In a significant move for the Santacruz Electronic Export Processing Zone (SEEPZ), Union Commerce and Industry Minister Piyush Goyal announced steps aimed at bringing about a major transformation. Lower power tariffs, enhanced governance, and innovative waste-to-wealth initiatives are some of the changes in progress, reflecting aspirations for a modern India.

Minister Goyal urged the industry to adopt systems aligned with future growth, powered by new FTAs and infrastructure modernization. He emphasized the government's role as a partner in this growth trajectory, encouraging industry support to boost a burgeoning economy envisioned to reach USD 30-35 trillion by 2047.

The minister also highlighted transparency-driven guidelines and schemes designed to boost industry growth, with SEEPZ-SEZ set as a national model. Adil Kotwal, President of SEEPZ Gems and Jewellery Manufacturers' Association, noted the strong export growth, marking a significant surge despite global challenges.

(With inputs from agencies.)