Govt to study FTA impact, review SEZs

Sitharaman was in the city to meet delegates of trade bodies ahead of the Union Budget.

By: Press Trust of India | Chennai | Published: June 15, 2014 5:03:42 am

The Centre is studying Special Economic Zones (SEZs) in the country and all the free trade agreements (FTAs) with other nations to analyse the benefits they have given to the Indian economy, minister of state for commerce and industry and finance Nirmala Sitharaman said on Saturday.

“I have instructed my ministry officials to look at all FTAs and decide individually on whether they are useful or not and decide on changes… I have also instructed officials to do a complete review of SEZs and why they have not worked. We are going to review and rework SEZs,” she told reporters here.

To a query on the nature of the budget, the government is presently working on, she said, “It will be a very inspiring budget. A budget that will give a message for sentiments to be revived, a budget that will send the right signals and for growth and business to improve.”

Sitharaman was in the city to meet delegates of trade bodies ahead of the Union Budget.

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