The Procedure of Setting Up SEZ Unit in India has been simplified for the Indian government

wants the number of SEZ to increase in the country. The government of India has simplified method
of setting up SEZ Unit in India.

Special Economic Zone means an area that has been specified as an enclave that is
duty free and is treated as a foreign territory for various purposes such as tariffs,
trade operations, and duties. SEZ help in the economic and industrial growth of the state and this is
the reason that the government of India has made it easy to set up SEZs in India. In India, SEZs
can be set up by the state government, or its various agencies or any public, private, joint sector.
Even foreign companies can set up SEZs in India.

Procedure of Setting Up SEZ Unit in India includes filling up of an application with the name,
address, and status of the promoter. Along with the application form, the project report which has
details such as the proposed SEZ's location, the details of infrastructure that already exists, details
of infrastructure that will be established, and the total area of the proposed SEZ. The project report
of the proposed SEZ that will be submitted along with the application form should also contain
investment details, which would include the financing mode and the project's viability. Also it should
contain details as to whether the proposed SEZ would be a multi- product or specific industries zone
and foreign equity details. The application along with the project report for the setting up of SEZ
Unit is submitted to the Chief Secretary of the State.

The Steps of Setting Up SEZ Unit in India are that after the application has been submitted, the
state government then forwards the application to the Department of Commerce, Indian
government. Along with the application form, the state government has to give their commitment
that the area where the proposed SEZ will be set up is free from all kinds of environmental
restrictions, that it would provide electricity, water, and various other services when required, and
that it would allow transmission, generation, and power distribution inside the SEZ. Further the
state government has to give the commitment that it would exempt the proposed SEZ from sales
tax, turnover tax, and mandi tax on the goods that are supplied from the area of Domestic Tariff to
the units in the SEZ. Also the government of the state has to give the commitment that it would
declare the units of the SEZ as Public Utility Service and that the system of single point clearance
and minimum inspection would be provided to the SEZ.

Procedure of Setting Up SEZ Unit in India are that once the application has been forwarded that
incorporates the state government's commitments then it will be considered by the Department of
Commerce's Inter- Ministerial Committee. When the committee accepts the proposal, a permission
letter is issued to the applicant of the proposed SEZ.

Procedure of Setting Up SEZ Unit in India, as seen is very simple. The government of India must
continue to simplify the Method of Setting Up SEZ Unit in India. For, this will help in increasing the
number of SEZ in the country, which in its turn will lead to the growth and prosperity of India.