Government of India

Ministry of Commerce & Industry

Department of Commerce
Indore Special Economic Zone
Zone Office :- Sector III, Pithampur (M.P.) Ph. 07292-256532

City Office:- Chaturvedi Mansion(1st floor)

26/4, Old Palasia, A.B. Road
Indore- 452018, Ph. 0731-2560619-20
 Indore Special Economic Zone

Sr. No. INDEX Page No.

1. Madhya Pradesh 3

2. Advantage Indore 4

3. Introduction to ISEZ 5

4. Geographical Location of ISEZ 6

5. Administration 7

6. Staff Position 8

7. List of Units 9

8. Performance of ISEZ 10

9. Export/Import Performance 11

10. Revenue Performance 12

11. Unit wise Export Performance 13

12. Sector wise Export Performance 14

13. Procedure for setup unit into SEZ 15

14. Contact us 20

Page 2 of 20
 MADHYA PRADESH

Madhya Pradesh the second largest Indian State covering 9.5% of the country's area is
bestowed with rich natural resources, a gifted climate and fertile agro-climatic conditions.
With a rich cultural heritage, an excellent quality of life, a flourishing industrial base,
peaceful labour force, a progressive & investor friendly environment, Madhya Pradesh is
a great place to set up new industries.

M.P. is located in very heart of incredible India. It is like an industrial hub right in the
epicenter of India's commercial activities. To go places, you need connectivity and this is
the key to development. Connectivity is M.P.'s strength. The State has a near perfect
equidistant link to India's metros and lies in close proximity to most markets. Many
important railway tracks and highways pass through Madhya Pradesh. The State has
about 70,000 Kms of road, over 6,000 Kms of railway lines, four airports, and 25 air
strips with regular air services to airports, including private airline operations. It houses
more than 1800 companies and 19 industrial growth centers, many of which are close to
major cities thus making good social infrastructure accessible to industrial units.
Nevertheless, the rates of prime land in the State are still among the lowest in the
country.

The cities of the State have attractive cityscapes, good infrastructure, world class
shopping malls, scintillating golf courses, scenic resorts and status clubs besides a
plethora of professional service providers, an increasing mix of populace and
widespread IT usage. It is one of the focal points in the country for 'testing' new products
and services, and has an increasingly modern, educated and aware society. There is
connectivity to all major cities and industrial hubs in the country. A world class 4000 acre
automobile testing track is coming up near the SEZ. The State is in the 'achiever' mode!
Welcome to a new vibrancy! Welcome to the new Madhya Pradesh .

Page 3 of 20
Madhya Pradesh is already one of India's most prosperous trade centers, boasting of
many distinguished industrial groups. The auto and pharmaceutical sectors have special
presence. A proactive and peaceful industrial work atmosphere, availability of basic
infrastructure facilities, natural resources and skilled workforce has made it an attractive
investment destination.

ADVANTAGE INDORE

A cosmopolitan city accepted as the commercial capital of Madhya Pradesh, Indore

plays a pivotal role in the trade and commerce of the State. Poised to become a
software and industrial hub, and suitable for inclusion in the coveted category of
software cities, Indore has grown many folds and has more business potential to offer
than any other cities of similar stature in the country. Major corporate and business
houses including foreign investors have already invested heavily in concurrent projects
going on in and around Indore.

A complete civic & industrial friendly environment with state of the art infrastructure has
resulted in phenomenal industrial growth of this part of MP.

As the capital of the Holkar dynasty, Indore has always been known for its rich cultural
heritage and hospitality. A number of luxury and business hotels are available for a
comfortable stay .

The city has proximity to almost all the major towns of India, through rail, roads, and air,
which is a boon for the industry.

Page 4 of 20
 INTRODUCTION OF ISEZ

Indore Special Economic Zone is developed by M.P. Audyogik Kendra Vikas Nigam
(Indore) Limited. MPAKVN is a government of Madhya Pradesh Undertaking and
subsidiary of M.P. State Industrial Development Corporation. It has developed many
prestigious growth centres. Pithampur is one among them. Pithampur is M.P.’s first and
unique industrial Park developed by a public sector undertaking, complete with reliable
and superior quality infrastructure, estate management and supporting amenities.

Indore Special Economic Zone, Pithampur is notified on 01.08.2003 as a multi product

SEZ. Indore Special Economic Zone is located in Sector III, Pithampur, Dhar district of
Madya Pradesh. ISEZ is located 35 Kms. away from Indore. There is an approach road
directly from the airport. Otherwise, the Indore bypass can be taken.

Land is allotted on lease basis. The lease is renewable. Allotment is done by MPAKVN
Indore Ltd.

The power is made available by the developer. MPAKVN (I) Ltd. has a direct power
purchase agreement with NTPC. The provisional tariff is presently Rs. 2.70 per unit, plus
Rs. 124 per KVA as fixed charges.

ISEZ has a Customs wing, so that on-site Customs clearances etc. are available.
Formalities for Customs clearances for imports & exports are completed within the zone.

Indore SEZ Site

Page 5 of 20
 Geographical Location of ISEZ

M.P. AKVN has identified about 1038.57 hectares of land for setting up of proposed Special
Economic Zone near Pithampur and in growth center Kheda. Location of this project is suitable
because it is adjacent to the Pithampur growth center which is one of the leading growth center
of India and located near the most advanced and developed city of Madhya Pradesh i.e. Indore.
Indore is the commercial capital of Madhya Pradesh and provides all the social infrastructural
and civic amenities required for an industry. Indore air port is likely to be converted into
international air port very soon.

AKVN is also constructing one direct road from Indore Airport to Pithampur which will cut the
travel time to 25 minutes.

Fully operational Inland container depot managed by Container Corporation of India (

CONCORE) is spread over 6.57 Hect. of land within the SEZ. It is well developed dry port and is
well connected by rail and road transport through Indore to major destinations in India.

In the phase I of SEZ 132.00 hectares. of land is fully developed and available for allotment to
the units.

Page 6 of 20
 ADMINISTRATION

City Office :-

No. Officer’s Name Designation

1 Shri A.K. Rathore Development Commissioner
2 Shri Ravi Chhangani Asstt. Development Commissioner
3 Shri Anil Sharma Asstt. Development Commissioner

Zone Office :- (Customs formation)

1 Shri Adesh Jain Deputy Commissioner

2 Shri C.D. Parchure Appraiser
3 Shri A.K. Dubey Appraiser
4 Shri L.L. Singhvi Appraiser
5 Shri R.R. Rahate Appraiser
6 Shri Ramesh Tetwa Preventive Officer
7 Shri Madhav Kinkar Preventive Officer
8 Shri K.C. Mandal Preventive Officer
9 Shri N.S. Naruka Preventive Officer
10 Shri Rajesh Purania Preventive Officer
11 Shri Rajesh Mudliyar Preventive Officer
12 Shri Pramod Nimje Preventive Officer
13 Shri Prakash A. Bhusari Preventive Officer

Page 7 of 20
 STAFF POSITION

Sr. Designation Sanctione Working Vacancy/

No. d Stength Strength Excess(-
/+)
Development
1 1 1 -
Commissioner
Deputy Commissioner
2 1 1 -
(Customs)
3 Appraiser (Customs) 4 4 -
Assistant Development
4 4 2 -
Commissioner
Preventive Officer
5 8 8 -
(Customs)
Section Officer
6
(Accounts)
7 Stenographer Grade-I

8 Stenographer Grade-II

9 Stenographer Grade-III

Total

Page 8 of 20
 LIST OF UNITS

No. Name of ISEZ unit Present Status

1 Advanced Enzyame Technologies Ltd. Working
2 Amulya Exports Ltd. Working
3 Apurva Buildcare Ltd. Working
4 Burgveff Organics P. Ltd. Working
5 Cipla Ltd. Working
6 Creative Propack Ltd. Working
7 Cummins Turbo Technologies Ltd. Working
8 Emerald Tobacco Pvt. Ltd. Not working
9 Flexituff International Ltd. Working
10 Glenmark Generics Under Construction
11 Gold Filaments P. Ltd. Working
12 India Nets Working
13 Innovative Clad Systems Working
14 Ipca Laboratories Under trial production
15 Jai Corp Ltd. Working
16 Jash Engineering Under Construction
17 Kals Tex Pvt. Ltd. Working
18 Lupin Pharma Under trial production
19 Medgel Pharma Ltd. Under Construction
20 Mission Vivacare Working
21 Perfect Utilities Working
22 Pratibha Syntex Ltd. Working
23 Safeflex Intl. Ltd. Working
24 Shakti Pumps (I) Ltd. Working
25 Singhal Concrete Not working
26 Solar International Working
27 Sonic Biochem Extrusions Ltd. Working
28 SRF Ltd. Working
29 Symbiotec Pharma Ltd. Working
30 VE Commercial Vehicles Ltd. Working
31 Unichem Laboratories Under Construction

Page 9 of 20
ISEZ PERFORMANCE (RS. IN LACS)
Sr.
Particulars 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 2010-11
No.
1 Export 0.37 5502.10 14583.62 21701.84 33820.19 43048.59 49440.77 27451.89
Supply into
DTA (SEZ/
2 0.00 0.00 4707.74 7293.57 5342.91 829.97 202.36 139.97
EOU/ Adv.
License)
DTA Sale (on
3 payment of 0.00 1353.73 5469.86 6473.83 6634.54 13894.48 23025.74 11061.63
duty)
Import
Capital Goods 102.93 7268.52 1152.45 3128.04 3096.98 20704.99 31878.32 3368.91
4
Raw Material 1681.02 9525.26 13887.82 16967.89 13152.87 17424.64 10020.56
Total 102.93 8949.54 10677.71 17015.86 20064.87 33857.86 49302.96 13389.47
Procurement against Bill of Export/ Transfer from EOU/ Warehouse etc.
Capital Goods 0.00 0.00 21.15 377.96 585.73 12480.06 8011.82 147.55
5
Raw Material 0.00 0.00 11187.30 18890.65 26509.89 52651.16 27654.18 11790.52
Total 0.00 0.00 11208.45 19268.61 27095.62 65131.22 35666.00 11938.07
Procurement against DPC
Capital Goods 2336.22 3446.81 239.97 2800.68 4687.09 15090.31 13715.94 3004.38
6
Raw Material 150.91 9186.55 1154.84 1101.64 3071.08 3525.39 14171.66 3637.36
Total 2487.13 12633.36 1394.81 3902.32 7758.17 18615.70 27887.60 6641.74
Total of 4 to 6 above
7 Capital Goods 2439.15 10715.33 1413.92 6306.68 8369.79 48275.36 53606.08 6520.84
Raw Material 150.91 10867.57 21867.18 33880.12 46554.05 69329.42 59250.48 25448.44
Duty Foregone (Import)
Capital Goods 35.27 2918.99 397.02 1124.69 898.83 5269.32 6744.37 764.48
8
Raw Material Nil 544.08 3256.30 4377.65 4785.03 3098.88 3579.05 2305.91
Total 35.27 3463.07 3653.32 5502.34 5685.63 8368.20 10323.42 3070.39
Duty Foregone (C.Ex.)
Capital Goods 361.64 2073.92 56.91 515.09 816.85 3738.46 1976.55 274.63
9
Raw Material 22.05 1143.72 2471.32 2898.49 4967.47 10942.63 3930.51 2073.17
Total 383.69 3217.64 2528.23 3413.58 5784.32 14681.09 5907.06 2347.80
10 Duty Collected 0.87 584.66 2115.40 2518.68 2114.58 4061.88 5238.34 1803.43
Investment
11 made by the 4978.00 19735.00 27659.00 35605.00 50303.00 118989.00 194309.00 214777.00
Units
Employment (Direct and Indirect)
Men 883 3895 4778 3938 6565 8123 9376
12 Women 8 60 60 743 394 730 804
Total 891 3955 4838 4681 6959 8853 10180

Page 10 of 20
 (RS. IN CRORES)

Export Performance

600.00
494.41
500.00
430.49
Rs. in crores

400.00
338.20
300.00 274.52
217.02
200.00 145.84

100.00 55.02

0.00
04-05 05-06 06-07 07-08 08-09 09-10 10-11
(upto June)
Financial Year

Import Performance

600.00

493.03
500.00

400.00
Rs. in Crores

338.58

300.00

200.65
200.00 170.16
133.89
106.72
89.50
100.00

0.00
04-05 05-06 06-07 07-08 08-09 09-10 10-11 (upto
June)
Financial Year

Page 11 of 20
 (RS. IN CRORES)

Revenue Performance

60.00
52.38
50.00
40.62
Rs. in Crores

40.00

30.00 25.19
21.15 21.15
20.00 18.03

10.00 5.85

0.00
04-05 05-06 06-07 07-08 08-09 09-10 10-11
(upto
June)
Financial Year

Page 12 of 20
 UNITWISE EXPORT PERFORMANCE
(Rs. in Lakhs)
No. UNIT NAME SECTOR 2006-07 2007-08 2008-09 2009-10 2010-11
(upto
Jun)

1 Advanced Enzyme Technologies Ltd. Miscellaneous 655.85 2016.96 680.85

2 Amulya Exports Trading and Service 840.43 1184.53 297.06 129.43
3 Apurva Builcare Technologies P.Ltd. Miscellaneous 178.29 242.71
4 Asian Marine Services Trading and Service 28.53 34.41 62.18
5 Bergwerff Organic India Pvt. Ltd. Food and Agro Industries 26.57 403.39 201.27
Chemicals and
6 Cipla Ltd. 219.76
Pharmaceuticals
7 Creative Propack Ltd. Miscellaneous 100.13 67.18
8 Cummins Turbo Technologies Ltd. Engineering 83.11 6163.12 3617.07
9 Emerald Tobacco Tobacco related products 316.79 210.82 19.48 49.12
10 Flexituff International Ltd. Plastic & Rubber 10810.43 15046.46 17057.29 15326.34 4063.91
11 Gold Filament Pvt. Ltd. Plastic & Rubber 203.43 640.59 734.85 187.09
12 India Nets Plastic & Rubber 1628.83 3627.10 3517.26 1012.70
13 Innovative Clad Solutions Engineering 2.30 2.20
14 Jai Corp Ltd. Plastic & Rubber 277.94 61.88
15 Kals Tex Pvt. Ltd. Miscellaneous 323.75 137.43
Chemicals and
16 Mission Vivacare Ltd. 8140.29
Pharmaceuticals
17 New Tech Abrasive Ltd. Miscellaneous 9.56 9.35
18 Pratibha Syntex Ltd. Textile and garments 702.22 477.92
19 Safeflex International Ltd. Plastic & Rubber 825.59 2401.46 2105.19 658.33
20 Shakti Pumps India Ltd. Engineering 2319.12 2913.60 3486.81 1348.66
21 Sonic Biochem Extrusions Ltd. Food and Agro Industries 1437.73 1267.84 219.38
22 SRF Ltd. Plastic & Rubber 9705.66 12367.00 13493.26 12118.95 5839.85
23 SRF Ltd. Unit - II Plastic & Rubber 226.55 53.40
Chemicals and
24 Symbiotec Pharma Ltd. 29.59 280.72
Pharmaceuticals
25 VE Commercial Vehicals Ltd. Engineering 457.71 76.72
Total 21701.84 33820.19 43048.59 49440.77 27451.89

Page 13 of 20
 SECTOR WISE EXPORT PERFORMANCE

(RS. IN LACS)
No. SECTOR 2006-07 2007-08 2008-09 2009-10 20010-11
(upto
Jun)

1 Chemicals and Pharmaceuticals 0.00 0.00 0.00 29.59 8640.77

2 Engineering 0.00 2319.12 2996.71 10109.94 5044.65

3 Food and Agro Industries 0.00 0.00 1464.30 1671.23 420.65

4 Miscellaneous 0.00 0.00 989.16 2442.16 990.74

5 Plastic & Rubber 20516.09 30071.31 37219.70 34307.08 11877.16

6 Textile and garments 0.00 0.00 0.00 702.22 477.92

7 Tobacco related products 316.79 210.82 19.48 49.12 0.00

8 Trading and Service 868.96 1218.94 359.24 129.43 0.00

Grand Total 21701.84 33820.19 43048.59 49440.77 27451.89

Page 14 of 20
 PROCEDURE FOR ESTABLISHMENT OF A UNIT IN SEZ
Proposal for approval of Unit.

(1) A consolidated application seeking permission for setting up of a Unit and other
clearances, including those indicated below, shall be made to the Development
Commissioner, in Form F, in five copies, with a copy to the Developer :—
(a) Setting up of unit in a Special Economic Zone;
(b) Annual permission for sub-contracting;
(c) Allotment of Importer-Exporter Code number;
(d) Allotment of land/industrial sheds in the Special Economic Zone;
(e) Water connection;
(f) Registration-cum-Membership Certificate;
(g) Small Scale Industries Registration;
(h) Registration with Central Pollution Control Board;
(i) Power connection;
(j) Building approval plan;
(k) Sales tax registration;
(l) Approval from inspectorate of factories;
(m) Pollution control clearance, wherever required;
(n) Any other approval as may be required from the State Government.

(2) The Development Commissioner shall get the proposal scrutinised and get it placed
before the Approval Committee for its consideration.

(3) The proposals received under clauses (c) and (e) of sub-section (2) of section 9 shall
be placed before the Board by the Development Commissioner for its consideration.

Consideration of proposals for setting up of Unit in a Special Economic Zone.

(1) The Approval Committee may approve or approve with modification or reject a
proposal placed before it under sub-rule (2) of rule 17, within fifteen days of its receipt:

Provided that where the approval is to be granted by the Board in terms of sub-rule (3)
of rule 17, the Board shall approve or approve with modification or reject such proposal
within forty-five days of its receipt:

Provided further that the Approval Committee or the Board, as the case may be, shall
record the reasons, in writing, where it approves a proposal with modifications or where it
rejects a proposal and Development Commissioner by order shall communicate such
reasons to the person making the proposal.

Page 15 of 20
(2) The Approval Committee shall approve the proposal if it fulfils the following
requirements, namely: -
(i) the proposal meets with the positive net foreign exchange earning requirement as
provided in rule 53;
(ii) availability of space and other infrastructure support applied for, is confirmed by the
Developer in writing, by way of a provisional offer of space :
Provided that the Developer shall enter into a lease agreement and give possession
of the space in the Special Economic Zone to the entrepreneur only after the
issuance of Letter of Approval by the Development Commissioner:
Provided further that a copy of the registered lease deed shall be furnished to the
Development Commissioner concerned within six months from the issuance of the
Letter of Approval;
(iii) the applicant undertakes to fulfil the environmental and pollution control norms, as
may be applicable;
(iv) the applicant submits proof of residence, namely, passport or ration card or driving
licence or voter identity card or any other proof of the proprietor or the partners of
partnership firms or Directors of the Company, as the case may be, to the
satisfaction of Development Commissioner;
(v) the applicant submits the Income-tax returns, along with annexures, of the Proprietor
or Partners, or in the case of a company, audited balance sheet for the last three
years.

(3) the proposal shall also fulfil the following sector specific requirements, namely:-
(a) export of high-grade iron ore, that is sixty-four per cent Fe and above, except iron ore
of Goa origin and Redi origin, which would be subject to approval of Board;
(b) no sub-contracting or job work of polyester yarn shall be permitted in Domestic Tariff
Area or in Export Oriented Unit or Units in other Special Economic Zone:
Provided that this restriction shall not apply to the Units which intend to send the
fabric, made by them out of polyester or texturised yarn, for sub-contracting but the
third party exports shall not be permitted;

(4) No proposal shall be considered for :—

(a) recycling of plastic scrap or waste:
Provided that extension of Letter of Approval for an existing Unit shall be decided by
the Board;
(b) enhancement of the approved import quantum of plastic waste and scrap beyond
the average annual import quantum of the unit since its commencement of operation
to the existing Units;
(c) reprocessing of garments or used clothing or secondary textile materials and other
recyclable textile materials into clipping or rags or industrial wipers or shoddy wool or

Page 16 of 20
 yarn or blankets or shawls:
Provided that extension of Letter of Approval for an existing Unit shall be decided by
the Board;
(d) import of other used goods for recycling:
Provided that extension of Letter of Approval for an existing Unit shall be decided by
the Board :
Provided further that reconditioning, repair and re-engineering may be permitted
subject to the condition that exports shall have one to one correlation with imports
and all the reconditioned or repaired or re-engineered products and scrap or
remnants or waste shall be exported and none of these goods shall be allowed to be
sold in the Domestic Tariff Area or destroyed;
(e) Export of Special Chemicals, Organisms, Materials, Equipment and Technologies
unless it fulfils the conditions indicated in the Import Trade Control (Harmonized
System) Classifications of export and import items;
(f) if there is any instance of violation of law or public policy by the promoters, having a
bearing on the merits of the proposal;
(g) the use of any plant or machinery previously used for any purpose in Domestic Tariff
Area.

(5) The Units in Free Trade and Warehousing Zones or units in Free Trade and
Warehousing Zone set up in other Special Economic Zone, shall be allowed to hold the
goods on account of the foreign supplier for dispatches as per the owner’s instructions
and shall be allowed for trading with or without labelling, packing or re-packing without
any processing:

Provided that refrigeration for the purpose of storage and assembly of Completely
Knocked Down or Semi Knocked Down kits shall also be allowed by the Free Trade and
Warehousing units undertaking the said activities:

Provided further that these Units may also re-sell or re-invoice or re-export the goods
imported by them:

Provided also that all transactions by a Unit in Free Trade and Warehousing Zone shall
only be in convertible foreign currency;

(6) Units may also be set up for providing services or manufacturing services to
Overseas Entities subject to following conditions, namely :—
(a) Capital goods, raw materials including consumables sub-assemblies, components,
semi-finished goods shall be supplied by the Overseas Entity free of cost;
(b) Capital goods for setting up such facilities may also be supplied on loan or lease
basis, provided the notional value of such capital goods shall be taken into account
for calculation of Net Foreign Exchange Earnings under rule 53.
(c) Finished goods shall be exported out of the country or transferred to the Customs
Page 17 of 20
 Bonded Warehouse to be maintained by the Overseas entity :
Provided that any supplies of finished goods shall be as per the instructions of the
Overseas entity.
(d) the Unit shall receive the consideration for its manufacturing services in convertible
foreign exchange directly from the said overseas entity;
(e) in case the said manufacturing facility is used by the Unit for carrying out production
on its own account, separate accounts shall be maintained for the manufacturing and
service activity.

Explanation “Overseas Entity” means a non-resident or a person of foreign origin and

includes a company not incorporated in India.

Letter of Approval to a Unit.

(1) On approval of a proposal under rules 18 and 19, Development Commissioner shall
issue a Letter of Approval in Form G, for setting up of the Unit:

(2) The Letter of Approval shall specify the items of manufacture or particulars of service
activity, including trading or warehousing, projected annual export and Net Foreign
Exchange Earning for the first five years of operations, limitations, if any on Domestic
Tariff Area sale of finished goods, by-products and rejects and other terms and
conditions, if any, stipulated by the Board or Approval Committee:

Provided that the Approval Committee may also approve proposal for broad-banding,
diversification, enhancement of capacity of production, change in the items of
manufacture or service activity, if it meets the requirements of rule 18.

Provided further that the Approval Committee may also approve change of the
entrepreneur of an approved unit, if the incoming entrepreneur undertakes to take over
the assets and liabilities of the existing Unit.

(3) An entrepreneur holding Letter of Approval issued under sub-rule (1) shall only be
entitled to set up a Unit in processing area of the Special Economic Zone or Free Trade
and Warehousing Zone, as the case may be:

Provided that a proposal for setting up of a Unit in a Special Economic Zone or Free
Trade Warehousing Zone shall be entertained only after the processing area of the
Special Economic Zone or Free Trade Warehousing Zone has been demarcated under
rule 11.

(4) The Letter of Approval shall be valid for one year within which period the Unit shall
commence production or service or trading or Free Trade and Warehousing activity and
the Unit shall intimate date of commencement of production or activity to Development
Commissioner:

Page 18 of 20
Provided that upon a request by the entrepreneur, further extension may be granted by
the Development Commissioner for valid reasons to be recorded in writing for a further
period not exceeding two years:

Provided further that the Development Commissioner may grant further extension of
one year subject to the condition that two-thirds of activities including construction,
relating to the setting up of the Unit is complete and a chartered engineer’s certificate to
this effect is submitted by the entrepreneur.

(5) If the Unit has not commenced production or service activity within the validity period
or the extended validity period under sub-rule (4), the Letter of Approval shall be deemed
to have been lapsed with effect from the date on which its validity expired.

(6) The Letter of Approval shall be valid for five years from the date of commencement of
production or service activity and it shall be construed as a licence for all purposes
related to authorized operations, and, after the completion of five years from the date of
commencement of production, the Development Commissioner may, at the request of
the Unit, extend validity of the Letter of Approval for a further period of five years, at a
time.

(7) If an enterprise is operating both as a Domestic Tariff Area unit as well as a Special
Economic Zone Unit, it shall have two distinct identities with separate books of account,
but it shall not be necessary for the Special Economic Zone unit to be a separate legal
entity:

Provided that foreign companies can also set up manufacturing units as their branch
operations in the Special Economic Zones in accordance with the provisions of Foreign
Exchange Management (Foreign Exchange Derivatives Contracts) Regulations, 2000.

Administrative Control of Special Economic Zones.

Every Special Economic Zone shall be under the administrative control of a Development
Commissioner appointed under sub-section (1) of section 11.

Offshore Banking Unit

(1) The application for setting up and operation of Offshore Banking Unit in Special
Economic Zone shall be made to the Reserve Bank of India in the Form VI prescribed
under Banking Regulation (Companies) Rules, 1949 under section 23 of the Banking
Regulation Act, 1949.
(2) The terms and conditions subject to which an Offshore Banking Unit may be set up
and operated in a Special Economic Zone shall be as specified in the Notification
number FEMA 71/2002-RB dated 7th September, 2002 by the Reserve Bank of India, as
amended from time to time.

Page 19 of 20
 Contact Us
Administrative Office :-

The Development Commissioner,

Indore Special Economic Zone
Department of Commerce
Ministry of Commerce & Industry,
Chaturvedi Mansion(1st floor), 26/4 Old Palasia,
A.B. Road, Indore-452018 (M.P.)
Contact Phone Nos.
Indore - 0731-2560619,2560666,2560674
Fax No.
Indore - (0731) 4290586
E-mail
sez_indore@yahoo.co.in

Zone Office :-

The Deputy Commissioner (Customs)

Indore Special Economic Zone
Sector III, Pithampur (M.P)
Contact Phone Nos.
Pithampur - 07292-256532 , 256533
Fax No.
Pithampur - (07292) 256531
E-mail
sezpithampur@yahoo.com

Page 20 of 20