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Commerce team still demands full pledge relaxation on SEZ

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The topic of SEZ is still on fire as lately commerce department has asked Reserve Bank of India to put green signal for the lower interest rate loans for all the developers associated with Special Economic Zones, says the sources available with www.propertykhazana.com. The commerce team of the country has also pointed the same low interest for the part of SEZ falling under the range of lease or rent which was earlier been restricted by the RBI and proposed it one of the realty product.
With a short note with www.propertykhazana.com senior officials of Reserve Bank of India states that as the developers rent or lease their respective part of SEZ in accordance with the market rate rather being a part of economic activity, hence there will be no interest concessions for such dealings. But on the other hand some unnamed officials of the commerce team still urges for relaxation. The argument is still on with the country’s expert’s to provide adequate relaxation for the SEZ.
However, if a SEZ is developed and maintained by one single company then it repayment entirely depends on the cash flown with in SEZ area by the monetary activities despite going through the processing of realty products. The current note of the RBI for SEZ also depicts that incase of co – development measures the Central bank will treat all the associated task of the SEZ like sewage, electrification etc. as a part of infrastructure. For more updates visit www.propertykhazana.com.
Source: NBTVLIVE

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