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Tamil Nadu SEZs want easy NFE rules to lure foreign cos aiming to relocate

Special Economic Zones (SEZ) developers in Tamil Nadu have urged the Centre to recalibrate the Net Foreign Exchange Earning (NFE) rules in order to attract companies that are looking at relocating their manufacturing facilities to India. SEZs in the State estimate a loss of around 15-20 per cent of export value owing to the Covid-19 scenario. Various countries …

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Chennai FTZ