SEZ

Objectives of Special Economic Zones in India

• Generation of additional economic activity
• Promotion of exports of goods and services
• Promotion of investment from domestic and foreign sources
• Creation of employment
• Development of infrastructure facilities
• Simplified procedures for development, operation, and maintenance of the Special Economic Zones and for setting up units and conducting business
• Single window clearance for setting up of a SEZ and an unit in SEZ
• Single window clearance on matters relating to Central as well as State Governments
• Easy and simplified compliance procedures and documentations with stress on self certification

Key Advantages of SEZ Units in India

• 10-year tax holiday in a block of the first 20 years
• Exemption from duties on all imports for project development
• Exemption from excise / VAT on domestic sourcing of capital goods for project development
• No foreign ownership restrictions in developing zone infrastructure and no restrictions on repatriation
• Freedom to develop township in to the SEZ with residential areas, markets, play grounds, clubs and recreation centers without any restrictions on foreign ownership
• Income tax holidays on business income
• Exemption from import duty, VAT and other Taxes
• 10% FDI allowed through the automatic route for all manufacturing activities
• Procedural ease and efficiency for speedy approvals, clearances and customs procedures and dispute resolution
• Simplification of procedures and self-certification in the labor acts
• Artificial harbor and handling bulk containers made operational through out the year
• Houses both domestic and international air terminals to facilitate transit, to and fro from major domestic and international destinations
• Has host of Public and Private Bank chains to offer financial assistance for business houses
• A vibrant industrial city with abundant supply of skilled manpower, covering the entire spectrum of industrial and business expertise
• Well connected with network of public transport, local railways and cabs
• Pollution free environment with proper drainage and sewage system
• In-house Customs clearance facilities
• Easy access to airport and local Railway Station
• Full authority to provide services such as water, electricity, security, restaurants and recreational facilities within the zone on purely commercial basis
• Abundant supply of technically skilled manpower
• Abundant supply of semi-skilled labor across all industry sector

Some of the Established Important Special Economic Zones in India are :

• Falta food processing unit, West Bengal
• Salt Lake Electronic City, West Bengal
• Manikanchan - Gems and jewelry, West Bengal
• Calcutta Leather Complex, West Bengal
• Karnataka Biotechnology and Information Technology Services - SEZ on biotechnology sector in Bangalore's Electronics City, over an area of 43 acres
• Shree Renuka Sugars Limited - SEZ on sugarcane processing complex covering 100 hectares, comprising a sugar plant, power station and distillery, at Burlatti in Belgaum district
• Ittina Properties Private Limited and three other - SEZs in IT sector, covering electronics, hardware and software sectors in
• Bangalore, over an area of 15.732 hectares
• Divyasree Infrastructure - SEZ in the IT/ITES sector over an area of 20.234 hectares in Bellandur Amani Kane near Bangalore
• Chaitanaya Infrastructure Private Limited - SEZ in the IT/ITES sector in Bangalore over an area of 20.24 hectares
• Bagmane Developers Private Limited - SEZ in the IT/ITES sector in Raman Nagar in Bangalore North over an area of 15.5 hectares
• Shipco Infrastructure Private Limited - Free Trade Ware Housing Zone in Karnataka over an area of 120 hectares
• Hinduja Investments Private Limited - SEZ in the textile and apparel sector at Doddamannugudde in Bangalore Rural district, over an area of 100 hectares
• Wipro Infotech - SEZ on IT / ITES at Electronics City, Sarajpur Bangalore
• Hewlett Packard India Software Operation Pvt. Ltd. - SEZ on IT
• Food processing and related SEZ services in Hassan, over an area of 157.91 hectares.
• SEZs on pharmaceuticals, biotechnology and chemical sectors in Hassan, covering of 281.21 hectares.
• SEEPZ - Andheri (East), Mumbai
• Khopata - Multi-product, Mumbai
• Navi Mumbai - Multi-product, Mumbai