Investors concerned over delay in DESH Bill for SEZs

28 Nov 2022 CW Team

Global institutional investors and developers of Special Economic Zones (SEZs) are getting increasingly concerned over the delay in implementation of the Development of Enterprises and Services Hub Bill, 2022 (DESH Bill) and are seeking to expedite its execution.

The DESH Bill, aimed at helping generate more employment and revenue, apart from preventing migration of key business functions to other countries including China and the Philippines, was introduced in the Union Budget this year, but has not been implemented yet.

Institutional investors with exposure to SEZs and realty developers have held multiple meetings with the Central government, especially the Ministry of Commerce and Industry, in this regard, and made presentations to allay the ministry’s apprehensions over revenue loss.

The DESH Bill or amendments to SEZ rules will allow domestic-oriented businesses to operate from these economic hubs. Lack of clarity on final implementation of the bill has delayed effective developments in SEZs, leading to gross under-utilisation of space.

“A paradigm shift in the way business is conducted for the service units is required, which can come from implementation of recommendations of the Baba Kalyani Committee constituted for the SEZ review. Modifications such as co-existence of export oriented and domestic business units within common premises will be a definitive game changer for India,” said Sigrid Zialcita, chief executive officer, Asia Pacific Real Assets Association (APREA).

Infrastructure Urban

02 Jun 2026

VECV Sales Rise 7.8 Per Cent In May 2026

VE Commercial Vehicles recorded sales of 7,978 units in May 2026, compared to 7,401 units in May 2025, registering growth of 7.8 per cent. This included 7,789 units from the Eicher brand and 189 units from the Volvo brand.Eicher branded trucks and buses reported sales of 7,789 units during the month, up 7.3 per cent from 7,258 units a year earlier. In the domestic commercial vehicle market, Eicher sales rose 9.1 per cent to 7,375 units from 6,758 units in May 2025.Exports declined 17.2 per cent to 414 units from 500 units in the corresponding month last year. Volvo Trucks and Volvo Buses recor..

Table Space Strengthens DESYN Leadership Team

Table Space has announced strategic leadership appointments within DESYN, its integrated Design and Build business, as it looks to strengthen operations across key enterprise and GCC markets in India. DESYN was launched as a strategic extension of Table Space’s workspace solutions portfolio to meet rising demand for agile, high-quality and rapidly deployable enterprise workspaces.Shruti Ookabhoy has joined DESYN as Executive Director and will lead the Design vertical, focusing on design capability, operational excellence and team development across markets. She brings over 22 years of experi..

Concord Associate Bags Rs 2.79 Bn Kavach Order

Concord Control Systems said its associate company, Progota India, has received a Rs 2.79 bn domestic order from Indian Railways for the supply, installation, testing and commissioning of on-board Kavach 4.0 loco equipment.The order is scheduled for execution within 12 months and strengthens Concord’s role in India’s railway safety and signalling ecosystem. Kavach is India’s indigenous automatic train protection system, designed to improve operational safety by helping prevent signal passing at danger and reducing collision risks.Gaurav Lath, Joint Managing Director, Concord Control Syst..