India’s first coastal economic zones (CEZs) could finally take some concrete shape, with the likely announcement in the Union Budget for 2017-18 to give units in these areas a 10-year holiday from corporation tax. However, there could be a rider these units must generate a specific threshold of direct jobs. The provision in the Budget could come up despite the finance ministry looking at phasing out exemptions given on corporation tax and reducing levy to 25%, from the current 30% in the next two years. Officials said the first two CEZs are expected to come up in Gujarat and Andhra Pradesh, and land is being sought for them.