SEZs must diversify beyond U.S. market and IT services: CEA
Chief Economic Advisor V. Anantha Nageswaran emphasized that Special Economic Zones (SEZs) in India should diversify beyond IT services and U.S. market dependence to focus on globally competitive sectors. He advocated building technological capabilities and intellectual property through R&D and skill development within SEZs. His remarks were delivered during the 43rd foundation day lecture of the Madras Export Processing Zone (MEPZ).
Opening excerpt (first ~120 words) tap to expand
Special Economic Zones (SEZs) must move from IT/ITeS dominance into the categories the world contests – fine chemicals, electronic components, energy transition materials, and precision engineering, said V. Anantha Nageswaran, Chief Economic Advisor to the Government of India.“Build technology and IP, not cost arbitrage. Cost advantages erode; defensible technology compounds. Invest in R&D, design patents and skills inside the zone. The exit from a tax holiday must be an entry into an innovation moat,” he said in the 43rd Madras Export Processing Zone (MEPZ) foundation day lecture on the topic, ‘Future of SEZs: Enabling India’s Next Export Growth Wave’.
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Hindu — Top.
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