government announced a package of reforms, including easing of land requirement norms and an exit policy, to rekindle investor interest in SEZs.
An industry expert said the government should withdraw MAT to revive investor's interest in these zones.
"Imposition of MAT is one of the main reason to dwindling interest in SEZs besides overall decline in manufacturing and exports. The falling rupee is also not helping SEZ exporters. The government should look at MAT issue," Director in Raheja Developers Ltd Manoj Goyal said. The firm operates an IT/ITeS SEZ in Gurgaon.
As many as 58 SEZ developers have surrendered projects due to various reasons till 31 July. Exports from SEZs grew by about 31 per cent to Rs 4.76 lakh crore during 2012-13.