Business Other News 06 Mar 2019 Delhi to Host the 1s ...

Delhi to Host the 1st Global Economic Zones Expo and Convention 2019

NEWSVOIR
Published Mar 6, 2019, 1:11 pm IST
Updated Mar 6, 2019, 1:15 pm IST
EPCES joins hands with WICS and EIG to showcase a unique event to bring all facets of Special Economic Zones under one roof.
GEZ Expo and Convention 2019
 GEZ Expo and Convention 2019

EPCES joins hands with WICS and EIG to showcase a unique event to bring all facets of Special Economic Zones under one roof.

Quick Facts

 

  • 231 SEZs operational up till 30th September, 2018

  • Total investment in SEZs grew from Rs. 4,035 Cr. as on February 2006 to Rs. 4,92,312 Cr. up till 30th September 2018

  • Employment increased from 1,34,704 persons to 19,96,610 persons during the period.  

  • In the FY2017-18, exports of goods stood at Rs. 2,740 billion and service-related exports were Rs. 2,780 billion.

Globally, there are over 5,000 SEZs operating across 145 different countries, covering a range of industries. India is one of the early proponents to recognise the role of SEZs in enhancing manufacturing for the domestic market and for exports, attracting investment and technology, as well as creating jobs, joint ventures, supply chains and specialised clusters in the country. Presently, there are 231 SEZs in India developed by the Union government, Indian States and private players.

The Export Promotion Council for EOUs & SEZs (EPCES) has collaborated with Wbf International Centre Services (WICS) to organise the first ever Global Economic Zones (GEZ) Expo & Convention 2019, to be held at The Ashok, Chanakyapuri, New Delhi, from 27-29 March 2019. The event is managed by Exhibitions India Group (EIG), a highly professional company with over 30 years’ experience in trade shows.

Already, a number of Union ministries, government organisations, and others have confirmed support to the event including the Ministry of Commerce and Industry, Ministry of MSME, Ministry of Road Transport & Highways, Ministry of Shipping, Airport Authority of India - Ministry of Civil Aviation, Container Corporation of India Ltd. (CONCOR) - Ministry of Railways, and the Federation of Indian Export Organisations (FIEO)Government of Haryana will be the Partner State for the event.

Among the objectives of the expo is to: Promote foreign/domestic trade and investments; broaden the manufacturing base and generate employment; boost production; showcase State-of-the-art infrastructure; support development of global production networks and value chains; and, facilitate local economies to unlock their key development sites.

Briefing about the event, Shri Siddharth Singh, Chairman, WICS Connect Group said, “Free Trade Zones, Export Zones and Export Processing Zones offer land with world class infrastructure and tax incentives, as effective instruments to promote industrialisation and trade by attracting FDI in manufacturing and services sectors, creating jobs and enhancing exports. Through this expo we intend to showcase the strength of Indian SEZs and the role they have played in the economic development of the country. It will provide an opportunity to the SEZ units to interact with the global business community at their doorstep. Besides showcasing the opportunities and attracting investments, the conference part will deliberate on the road ahead for planned economic zones in the country by sharing global best practices.”

Shri Prem Behl, Chairman, Exhibitions India Group said, “The Indian economy has transformed into a vibrant, rapidly growing market, led by a strong middle class with increased purchasing power. The business and regulatory environment is constantly evolving on the back of measures introduced by the Government on India over the past few years to liberalise the market and integrate it with the global economy. Particularly, Special Economic Zones provide the best of infrastructure and logistical support that confer an ideal environment for companies to expand their manufacturing capabilities and reach out to a larger domestic audience or, even better, penetrate into international markets.”

About Export Promotion Council for EOUs and SEZs (EPCES)

EPCES has been set up by the Ministry of Commerce & Industry, Government of India, to service the export promotional needs of EOUs & SEZs in the country. It has a clear mandate to attract investment in SEZs (including FDI) and to market Indian SEZs abroad in order to attract units to SEZs. EPCES represents major industrial sectors, like textiles, garments & yarn, gem & jewellery, leather goods, food & agro products, electronics & software, pharmaceuticals & chemicals, engineering, minerals, granites & other stones, plastic & rubber goods, etc. EPCES is the only scheme-specific and multi-products exports promotion council.

About Wbf International Centre Services (WICS)

WICS Group offers country and industry-specific advisory and implementation services for business expansion. The company has an expert team of business leaders, technical specialists, and advisors with intimate experience of sovereign government operations, who provide valuable services to entrepreneurs in forging productive business partnerships in the domestic and overseas markets. WICS Group works with clients across a variety of business sectors and domains, including finance & insurance, energy & utilities, IT, telecom, media & entertainment, manufacturing, healthcare & pharmaceuticals, textiles & garments, consumer goods, etc.

About Exhibitions India Group (EIG)

Exhibitions India Group is a trade promotion organisation creating opportunities for investments, joint ventures and technology transfers. Exhibitions India Group acts as an interface between businesses, government, academia, society, media, etc. Exhibitions India Group has been in existence since 1987, and is committed to providing satisfaction to its customers by organising quality and focused international trade shows through exceptional services, employee involvement, market intelligence and continual improvement.

 

For more information, please visit: www.exhibitionsindia.com.

 

Disclaimer: This article has not been edited by Deccan Chronicle and is taken from a syndicated feed. Photos: NewsVoir.

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Location: India, Delhi, New Delhi




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