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In Partial Fulfillment of Master of Business Administration (Entrepreneurship & Leadership) By: Mayank Singh
AMITY UNIVERSITY ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐UTTAR PRADESH‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
AMITY BUSINESS SCHOOL – AU Sector‐44, Noida, UP
Executive Summary Introduction
5 6 7 8 11 13 14 15 16 16 17 18 19 20 20 20 20 20 21 25 25 2
What is SEZ? World’s first SEZ SEZ in India
o Approval mechanism and Administrative set up of SEZs o Incentives and Benefits
o o o o
SEZ policy is special in many ways SEZ Approval Status
Land requirements for approved SEZs Benefits derived from SEZs
Special Economic Zone of China
Objective and Rationale of project Research Methodology
Hypothesis Sample Size
Action plan for data collection Data analysis
o SEZs in Haryana
o Single Vs Multi Product
o Distribution of Products o Major Competitors
26 26 27 28 29 30 31 33 35 39 41 45 46 47 52 54 60 61 63 65 66 68 70
o Company with maximum are to set up SEZ o Maximum No. of SEZ under one company
o Percentage of land acquired by the companies
Ansal IT City and Parks Ltd. Assotech Realty Pvt. Ltd. DLF Limited
D. S. Constructions Ltd. Emaar MGF Land Pvt. Ltd. Luxor Cyber City Pvt. Ltd.
Orient Craft Infrastructures Ltd. Parsvnath Developers Limited
Raheja Haryana SEZ Developers Pvt. Ltd. Reliance Haryana SEZ Pvt. Ltd. Rockman Projects Ltd.
Shreeaumji Developers Pvt. Ltd.
Suncity Haryana SEZ Developers Pvt. Ltd. Unitech Haryana SEZ Ltd. Uppal Developers Pvt. Ltd. Vipul Ltd.
Bibliography Annexure‐I Annexure‐II Annexure‐III Annexure‐IV 71 72 75 78 86 4 .
At first. contact details etc. and is considered to be one of the finest pieces of legislation that may well represent the future of the industrial development strategy in India. they have come up with their SEZs in Joint Venture with well established companies that have experience in the field. exports and employment. then the analysis was done. Emaar MGF. The SEZ Act has encouraged many companies to undertake setting up of various SEZs all over India. DLF is coming up with the second Largest SEZ and Emaar with 3 Multi‐Product SEZ in Gurgaon. secondary data was taken from internet like the list of companies. Reliance Industries Ltd. The incentives and benefits provided to SEZs have attracted even those companies which are not into developing field. is in Joint Venture with Unitech Group. Reliance are the major competitors. 2006 (“SEZ Rules”) were notified on February 10. The SEZ Act is expected to give a big thrust to exports and consequently to the foreign direct investment (“FDI”) inflows into India. Jai Bharat Maruti and Minda Industries. Ltd. Ltd. The new law is aimed at encouraging public‐private partnership to develop world‐class infrastructure and attract private investment (domestic and foreign). Construction’s SEZ. Ltd. Also. those many company’s SEZs are touching KMP highway for connectivity. Once the data was collected. as its Special Purpose Vehicle. which received the assent of the President of India on June 23. boosting economic growth. Then a survey of the companies was undertaken wherein primary information of the companies was extracted after visiting the companies and personally interviewing the executives. Government of India enacted the SEZ Act.. The SEZ Act and the SEZ Rules. starting from Kundli with Unitech’s SEZ and ending at Palwal with D. efficient and hassle‐free manner. For example. with Reliance Haryana SEZ Pvt. The result found was that DLF.S. The study consisted of primary and secondary data. Executive Summary To provide a stable economic environment for the promotion of Export‐import of goods in a quick. Luxor is coming up with its SEZ in Joint Venture with Uppal Developers Pvt. the size and location of SEZs. 2006. 5 . 2005. Shreeaumji Developers Pvt. as Reliance coming up with largest SEZ. Being new to real estates.
Introduction 6 .
then only 50% of area is used for setting up plants rest of the area is used to provide housing facilities. It helps in the development of infrastructure of the area around the SEZ. multiplexes etc. 7 . Also Tax exemption is for specific period say for 10 yrs or so. subsidized water and electricity etc. Usually the goal is an increase in foreign investment. All this will help the country's products to become more competitive visa‐a‐versa providing all round development of region. and Ukraine. Poland. Special Economic Zones have been established in several countries. Kazakhstan. Special economic zone is a particular area inside a state which acts as foreign territory for tariff and trade operations. Puno. sales etc. North Korea has also attempted this to a degree. and makes the exports more viable. Excise. customs. Peru has been slated to become a "Zona Ecomomica". provides employment to people. malls. Philippines. In the United States. SEZ are referred to as "Urban Enterprise Zones". Iran.). Jordan. also known as non‐ processing Zone. What is SEZ (Special Economic Zone)? A Special Economic Zone (SEZ) is a region that has economic laws that are more liberal than a country's typical economic laws. including India. SEZ can be sector specific or multi product SEZ. provides tax exemption (IT. It should be noted that if 100 acres are allotted for SEZ. Govt. but failed. Russia.
The Dublin International Financial Services Centre. IDA assisted international IT and financial services projects now employ upwards of 30. the university president was appointed to the board of Shannon Development. Industrial Parks: The Shannon free zone was Ireland’s first industrial park and the experience was later applied in other population centers throughout the country. Shannon’s chief executive became its first chairman and to forge closer links between the RDA and the university. The positive experience of investors at Shannon led to additional FDI throughout the national economy.World’s first SEZ The Shannon Concept Innovative Developments at Shannon that contributed to national development include: Promotion of FDI: Shannon was the first gateway for the entry of export based foreign direct investment into Ireland. Promotion of International Financial/ IT Services: Shannon Development led the way in the 1960’s in promoting international financial and IT services. Technology Development: To attract high quality investment the need for a strong technologically oriented university. Today Shannon is still the largest single site concentration of foreign investment in Ireland. 8 . Later this led to the establishment of a national industrial training authority with Shannon Development’s chief executive as its first chairman. was established in 1973.000 people. It has been judged an outstanding success. a kind of financial services free zone was established in 1987. In 1980 one of the first Innovation Centers in Europe was developed adjacent to the university campus. This Concept has now been extended to create a knowledge network of five smaller technology parks and centers in peripheral locations throughout the region. A new training centre was established within the Free Zone. was recognized. The success of these activities at Shannon was observed by others in Ireland and overseas. Needs included an industrial training centre to train workers in semi skilled tasks and develop supervisory skills. Training Needs and Facilities: There was close co‐operation from the outset between Shannon Development and the new investors. Ireland’s first technological university. National Technology Park and the Regional Knowledge Network: In 1984 Shannon Development in partnership with the university established the country’s first technology park on a 120ha site adjoining the campus. The University Of Limerick.
Free Zones: The Shannon free zone model has been used in many parts of the world. business incubator units and a specialized food industry centre. Thus Shannon Development became Ireland’s first regional development agency. Regional Planning and Development: The airport. Limerick Heritage precinct and others. and Sri Lanka (1978) were among the first group of successful zones to benefit from Shannon advice and consultancy inputs. This acted as a model for similar plans in other Regions. Most of the highly successful Middle East shop and those in Russia and the former Soviet Union benefited from Shannon consultancy advice and management expertise. Other Business Infrastructure: Over the years Shannon Development led the way in Ireland in developing other forms of business infrastructure to cater for the diverse needs of a growing number of Irish entrepreneurs. free zone. 9 . Duty Free Shops: The Shannon duty free shop concept has been replicated many times throughout the world. it developed the rent an Irish cottage scheme. It produced the country’s first regional industrial development plan in 1969. and continues to use today. Shannon Impact in other parts of the Globe From the mid 1960’s onwards developments at Shannon attracted the interest of the wider world. In recent years EU structural funds have been used creatively to develop new tourist products such as Kilrush Creek Marina. Shannon Development continues to develop innovative tourist attractions in areas of the Shannon Region outside the influence of the major industrial centres. Rural Development: Shannon Development’s regional responsibility led naturally to an interest in the development of rural areas. In order to promote economic activity and spread the benefits of tourism to isolated rural areas. Tourism: Shannon Development led the way in the 1960s in developing and marketing heritage based tourism attractions such as medieval castle banquets and folk parks. the Tralee Tourism cluster. Initiatives included small industry estates. and various tourism initiatives had a major impact on the surrounding Shannon Region. Mauritius (1978). The Irish government in 1968 took the logical step of extending Shannon Development’s mandate to include the wider Shannon Region. Egypt (1976). It used. Malaysia (1971). innovation centers. Taiwan (1965). In the last 25 years upwards of 50 countries world‐wide have been assisted. an enterprise centre network. Doonbeg Link’s golf course. its tourism development and marketing expertise to promote rural development.
When they returned to China they related their Shannon experience to Deng Xiao Ping. The Chinese SEZ concept was developed following a visit to Shannon by a group of Chinese officials in 1976. The discussion that followed led to the establishment of the first Chinese SEZ in 1978.Special Economic Zones: The Chinese SEZ is the corner stone of the Chinese economic miracle for the last 25 years. 10 .
and an unstable fiscal regime and with a view to attract larger foreign investments in India. A number of meetings were held in various parts of the country both by the Minister for Commerce and Industry as well as senior officials for this purpose. 2005. 2005. Coming seven years after the world's first SEZ at Shannon in Ireland. Gujarat coast is Kandla. SEZs in India functioned from 1. or EPZ. The main objectives of the SEZ Act are: (a) Generation of additional economic activity (b) Promotion of exports of goods and services. The Government of India in April 2000 announced the introduction of Special Economic Zones policy in the country. The Special Economic Zones Act. (e) Development of infrastructure facilities. 2005. Experts say the principal reason for this sorry state of affairs is inadequate infrastructure. To instill confidence in investors and signal the Government's commitment to a stable SEZ policy regime and with a view to impart stability to the SEZ regime thereby generating greater economic activity and employment through the establishment of SEZs. the SEZ Act. (c) Promotion of investment from domestic and foreign sources. The draft SEZ Rules were widely discussed and put on the website of the Department of Commerce offering suggestions/comments. As of 2007. But 40 years on. After extensive consultations. With a view to overcome the shortcomings experienced on account of the multiplicity of controls and clearances. it was the first of its kind in Asia. supported by SEZ Rules. Around 800 suggestions were received on the draft rules. providing for drastic simplification of procedures and for single window clearance on matters relating to central as well as state governments. 2005 which received Presidential assent on the 23rd of June. a comprehensive draft SEZ Bill prepared after extensive discussions with the stakeholders.11. duties and tariffs. the Special Economic Zones (SEZs) Policy was announced in April 2000. more than 500 SEZs have been proposed.SEZ in India Considering the need to enhance foreign investment and promote exports from the country and realizing the need for a platform must be made available to the domestic enterprises and manufacturers to be competitive globally. (d) Creation of employment opportunities.02. was passed by Parliament in May.2006 under the provisions of the Foreign Trade Policy and fiscal incentives were made effective through the provisions of relevant statutes.2000 to 09. where the first SEZ in India was set up in 1965 called an export processing zone. Kandla and the seven other state‐run EPZs‐turned‐SEZs in India have failed to live up to their promise. 2006. absence of world‐class infrastructure. 11 . deemed to be foreign territory for the purposes of trade operations. came into effect on 10th February.
India is trying desperately to attract foreign investment so it can create thousands of new jobs. b) Single window clearance for setting up of an SEZ. so instead of being a silent spectator. Tax incentives are the most ulcerative way to attract the private players. They are also against acquisition of fertile agricultural land as it will make many farmers landless. 12 . Not everyone is happy with these arguments. Proper policy towards SEZ's with due care being taken for poor farmers will definitely help India to achieve its economic goal. India needs to develop infrastructure and SEZ seems to be the best answer in this regard. SEZ is the only viable option. The supporters of the concept of SEZ argue that since India cannot afford to invest a huge amount of money to develop the infrastructure of the whole India. operation. 2. For doing so. d) Single Window clearance on matters relating to Central as well as State Governments. The following are the disadvantages of an SEZ: 1. Those who are against it argue that giving tax breaks to SEZs is not a good idea.The SEZ Rules provide for different minimum land requirement for different class of SEZs. Every SEZ is divided into a processing area where alone the SEZ units would come up and the non‐processing area where the supporting infrastructure is to be created. and maintenance of the Special Economic Zones and for setting up units and conducting business in SEZs. e) Simplified compliance procedures and documentation with an emphasis on self certification Note: FAQs SEZ see the appendix below Many people in India think that setting up many Special Economic Zones (SEZs) is the best solution for India for attracting foreign investment. They feel that if India wants to match Chinese economic development then there is no alternative to setting up SEZs and attract local and foreign investment. which is the novel way to utilize the resources of the country. it’s better to encouraging private investment. The SEZ Rules provide for: a) Simplified procedures for development. They also argue that SEZs are free of the negative aspects of Indian bureaucracy. c) Single window clearance for setting up a unit in a Special Economic Zone. It’s clear that government lacks in long term funds which could be better used for infrastructure development of the country. Since the companies that operate under SEZ enjoy a lot of tax holidays it would create a burden on the finance ministry as tax collected would be less. If built on agricultural land the farmers will loose their livelihood as they are not skilled laborers it would to tough to relocate them to other jobs.
Each Zone is headed by a Development Commissioner. Once an SEZ has been approved by the Board of Approval and Central Government has notified the area of the SEZ. in case of violation of the conditions of the approval. who is ex‐officio chairperson of the Approval Committee. are given at the Zone level by the Development Commissioner. Customs Authorities and representatives of State Government. The Board of Approval has been constituted by the Central Government in exercise of the powers conferred under the SEZ Act. Its constitution is as follows: (b) Administrative set up: The functioning of the SEZs is governed by a three tier administrative set up. All post approval clearances including grant of importer‐exporter code number. change in the name of the company or implementing agency. 13 . The applicant also has the option to submit the proposal directly to the Board of Approval. All the proposals for setting up of units in the SEZ are approved at the Zone level by the Approval Committee consisting of Development Commissioner. units are allowed to be set up in the SEZ. It could create socio‐economic disparities as the SEZ would accommodate the high and mighty the poor people will be pushed towards poverty and unemployment. The Approval Committee at the Zone level deals with approval of units in the SEZs and other related issues. The performance of the SEZ units is periodically monitored by the Approval Committee and units are liable for penal action under the provision of Foreign Trade (Development and Regulation) Act. broad banding diversification. Department of Commerce. The State Government has to forward the proposal with its recommendation within 45 days from the date of receipt of such proposal to the Board of Approval. All the decisions are taken in the Board of Approval by consensus. The Board of Approval is the apex body and is headed by the Secretary. etc.3. The Board of Approval has 19 Members. Approval mechanism and Administrative set up of SEZs (a) Approval mechanism: The developer submits a proposal for establishment of SEZ to the concerned State Government.
• Exemption from industrial licensing requirements for items reserved for the SSI sector. • No routine examinations by Customs for export and import cargo. from the domestic market. 14 . • Facility to retain 100% foreign exchange receipts in Exchange Earners’ Foreign Currency Account. • No cap on foreign investment for small scale sector reserved items.Incentives and Benefits Besides providing state‐of‐the‐art infrastructure and access to a large well‐trained and skilled work force. • External commercial borrowings by SEZ units up to US$500 million in a year without any maturity restrictions through recognized banking channels. raw materials. consumable spares etc. spares etc • Exemption from Central Excise duties on procurement of capital goods. the SEZ policy also provides enterprises and developers with a favorable and attractive framework of incentives: • 100% income tax exemption for a block of five years and an additional 50% tax exemption for two years thereafter • 100% FDI in the manufacturing sector permitted through automatic route. consumables. • 100% FDI permitted to SEZ franchisee in providing basic telephone services in SEZs. • No import license requirements • Exemption from customs duties on import of capital goods. • Job work on behalf of domestic exporters for direct export allowed. • Profits allowed to be repatriated without any dividend‐balancing requirement. barring a few sectors.. raw materials. • Facility to realize and repatriate export proceeds within 12 months.
SEZ units will nonetheless get the much sought after access to domestic markets. Units in the SEZ will get 100% tax break/ holiday for first five years and 50% thereafter for the next five years and also for a further period of five years. labeling/ repacking. ‘Export‐ oriented’ economic activities only are permitted (NFE over a five year must be positive) 15 • • . this facility is available to jewellery units as well. delivery. While the SEZ will be insulated from the domestic tariff area in so far as negative influences are concerned. • Exemption from Service Tax • FDI to develop townships within SEZs with residential. logistics and transactions competitive on a global basis. 100% foreign ownership is automatically cleared in the manufacturing sector. • Exemption from Central Sales Tax and Service Tax • Facilities to set up off‐shore banking units in SEZs. Incentives to Developers • Exemption from duties on import /procurement of goods for the development. educational. SEZ provides for unrestricted access to domestic markets (with payment of relevant duties on imports and outputs).• Subcontracting both domestic and international is permitted. The SEZ policy is special in many ways: • • • • • The range of permissible economic activities is vast since it covers trading. Under the Union Government’s policy. The SEZ will provide high quality. etc. operation and maintenance of SEZ. reconditioning. • Income tax exemption for a block of 10 years in 15 years. health care and recreational facilities permitted on a case‐to‐case basis. world‐class infrastructure designed to render costs of production. businesses will operate under a high quality policy and business friendly regulatory environment free from hassles. The size of the SEZ would be large enough to attract private participation in building infrastructure.
SEZ Approval Status Consequent upon the SEZ Rules coming into effect w. nine meetings of the Board of Approvals have since been held. While government has granted final approvals to 339 proposals. In these cases. there are other requirements that are important. the land already available with the State Governments or SIDCs or with private companies has been utilized for setting up SEZ.6%). The land for the 63 notified SEZs where operations have since commenced involved is 8051.e.56 hectares only. Land requirements for approved SEZs The total land requirement for the (approx) 300 formal approvals granted till date is (approx) 40000 hectares out of which about 60 approvals are for State Industrial Development Corporations/State Government Ventures which account for over 17800 hectares. It is interesting to note that out of this total land area. 10th February. There is another set of 225 applications which are expected to be rejected since the state government has not supported the proposals. and leaving only around 40 proposals pending. 126 SEZs have been notified till date. the SEZ rush had dried up with only around 25 applications having being received since April 6. States have a key role in organizing the administration of the SEZs.• While development of the SEZ scheme is under the Union Government. 2006. where land needs to be acquired.f. other 120‐odd zones have received first‐stage clearance. Although the Special economic Zones offer a plethora of benefits in terms of the tax exemptions and export promotion incentives. In recent months. it is envisaged that the private sector could play an important role in building and managing the SEZ facilities. Leaving this to be a provided by either the State or the Central Government would put the clog in the wheel of the development of a State of the Art Facility. And these factors need to be an inherent part of the infrastructure of the SEZ. SEZs need to be treated as complete Islands of self containing world class infrastructure that is fully connected to the rest of the world and provides for all the infrastructural requirements as is provided in any First World Country. Further. Out of the total land area of 2973190 sq km in India. the land in possession of the 63 SEZs notified 16 . total agricultural land is 1534166 sq km (51.
67300 crores (b) At present. 500. Stability in fiscal concession is absolutely essential to ensure credibility of Government intensions. 13. 1016 units are in operation in the SEZs. The benefits derived from multiplier effect of the investments and additional economic activity in the SEZs and the employment generated thus will far outweigh the tax exemptions and the losses on account of land acquisition. providing direct employment to over 1.000 direct jobs are expected to be created by December 2007.79 lakh persons. exports and infrastructural developments additionally generated.435 crores has already been made in less than one year. 17 . Benefits derived from SEZs Benefits derived from SEZs are evident from the investment. The approximately 300 formal approvals will also cover only around 450 sq km. investment of Rs. about 40% of whom are women.314(US$ 4075 million) 22840(US$ 5078 million) Growth Rate of exports 39% 32% 24. employment. crores) 13. In the 63 notified SEZs which have come up after 10th February 06. These SEZs have so far provided direct employment to 18.71% Projected exports from all SEZs (82) for 2007‐08: Rs.854(US$ 2996 million) 18.457 persons. Investment of the order of Rs.100. (a) Exports from the functioning SEZs during the last three years are as under: Year 2003‐2004 2004‐2005 2005‐2006 Exports(Rs. Private investment by entrepreneurs in the SEZs established prior to the SEZ Act is of the order of over Rs.amounts to approximately 67 sq km only. 4400 crores. 000 crores including FDI of US $ 5 ‐ 6 billion is expected by the end of December 2007.
allowing SEZs to utilize a special economic management system. Economic activities are primarily driven by market SEZ are listed separately in the national planning (including financial planning) and have province‐level authority on economic administration. Special tax incentives 2. 1. the central government gives SEZs special policies and flexible measures. Products are primarily export‐oriented 4. 18 . SEZs local congress and government have legislation authority. 3. Greater independence on international trade activities. Economic characteristics are represented as "4 principles": 1. Construction primarily relies on attracting and utilising foreign capital 2. Primary economic firms are sino‐foreign joint ventures and partnerships as well as wholly foreign‐owned enterprises 3.Special Economic Zones of China The word "special" mainly means special economic systems and policies. In the China.
we wanted to know what these companies are doing. what is the location of SEZs etc. current scenario of the companies. Thus.Objectives and rationale of the Project Analyzing the Scenario of SEZs in Haryana: There is a very big market of SEZ is emerging. Therefore. Many companies are coming up with their SEZs in Haryana. how many SEZs a company is coming up with. what type of SEZs are they coming up with. 19 . what is their business model for next couple of years. the project aims at analyzing the scenario of SEZs coming up in Haryana. what are the sizes of the SEZs.
H1: There is difference among existing SEZs in Haryana. contact number of companies coming up with SEZs was collected from internet. Research Methodology Hypothesis: H0: There is no difference among existing SEZs in Haryana. size. Secondary data: The addresses. location. 35 . 20 See Annexure‐1 for Questionnaire. Sample Size: Questionnaire: Action Plan for data Collection: Primary and Secondary data Primary data: This was conducted through a survey of all the companies coming up with their SEZs by taking personal interview of their executives.
S. Lakhnaula. IT/ITES 2.73 Mr. Gurgaon IT/ITES 7. DLF Cyber City. Gurgaon. 4. Haryana Reliance Industries Ltd. Distt Gurgaon 6. District Gurgaon 5. Ph‐1 Gurgaon Type of SEZ Multi‐product Area Hectares 10. Haryana 8. Constructions Emaar MGF Land Private Ltd. Gurgaon. IT/ITES 3. Gurgaon. Shikohpur. Haryana 3. Haryana 1. Yogesh Verma 9. No 1 Name of the Location developer Jhajjar. DLF City. City. Villages Kherki Daulla and Sihi. Sector No. DLF Limited 1. Ashish Zindal 21 . Gurgaon IT/ITES 4. Distt Multi‐product IT/ITES IT/ITES IT/ITES Multi‐Product Multi‐Product IT/ITES Multi‐Product Auto Ancillary 5000 100 28 20 4000 2000 240 1000 100 Mr. DLF multi‐product 6.06 12. Gurgaon 2.14 12.000 Headed by 2 3 4 D. Jahajpur. 24 & multi‐product 25A.54 1012 8097 10. Village Boda Kalan. 5. Haryana Palwal. Data analysis: S. Haryana 12. Distt. Sector 30. Distt Gurgaon 7. Ambala.
V. Ghatta. Haryana IT/ITES Gems & Jewellery 120 40 5 6 M/s. Ltd 1. Distt 9. Gurgaon 2. N. Gurgaon Panipat. Gurgaon (Gurgaon) Services 240 10 Multi‐Services 168 22 . Haryana Multi‐product Electronic Hardware & Software including ITES Multi Product 2000 132 8 1000 9 Village Dhanwapur and Sarai Alawardi. Bans Hariya. Naweda Fatehpur. Dharuhera‐Rewari Belt 2. Gurgaon. Suncity Haryana SEZ Developer Pvt.278 3237. Gurgaon Sonepat‐Kundli. Haryana IT Multi Product 41. Distt.Gurgaon. Unitech Haryana SEZ Ltd. Machigarh. Jhund Sarai. Bhupani. Gurgaon 12. Banskusla. Gurgaon Convention City Private Limited Bentex Towers Pvt. Haryana 12.48 Mr. Gurgaon 11. Ambala. Chaddha 1. Gupta 7 Raheja Haryana SEZ Developers Pvt. Ltd Multi‐product 4000 Mr. K. Roje Ka Gujjar. 8. K. Ltd Natasha Housing & Urban Development Ltd. Faridabad 10.
11 M/s. Ltd.93 Mr. District Gurgaon.S Agrawal 18 Vipul Ltd. Haryana 2. District Gurgaon. Gurgaon Fazilpur & Behrampur Villages. Gurgaon. Manesar. near Murthal. Gurgaon. Anil Seth 17 Rockman Projects Ltd. P. Gurgaon Gurgaon. Tehsil Faruknagar. Tripathi 15 Ansal IT City and Parks Limited Engineering Goods IT/ITES 100 10. Sonepat. Haryana 2. Ltd Bandhwari. Tehsil Faruknagar. Haryana 1. Haryana Sec‐2. Sonepat. Gyan Bansal 14 Automotive Apparel 101 101 Mr. Village Badshapur. 10 KM from IMT. Haryana Delhi‐Jaipur National Highway. Orient Craft Infrastructure Ltd Uppal Developer Private Limited Shreeaumji Developers Pvt.3101 Mr. Multi‐Services 100 Mr.13 100 Mr. C. Gurgaon‐Sohna Road. Rajiv Dayal 16 Parsvnath Developers Limited IT/ITES Food Processing Industries 46. Ashok Bhayare 13 Multi services 106. Gurgaon 1. IT/ITES 60 Mr. Haryana 2. IMT Manesar.35 Mr. Haryana Gurgaon. Gurgaon. Haryana 1. Haryana IT/ITES 130 12 Textile 113. Gurgaon Rathiwas Village. K. Brijesh Bhanote 19 M/s Roseview Infrastructure Developers Limited IT/ITES 44 23 . Kundli. Village Bhigan and Kurad Ibrahimpur. Dist. Orion Infrastructure Pvt.
Ltd M/s. Gurgaon. Sector 38. Haryana Gurgaon Electronic Hardware.20 21 22 23 24 25 26 28 29 Pioneer Urban Land and Infrastructure Limited Ireo Investment Holding III Ltd. IT/ITES IT/ITES 40 Mr. Lalit Goel 30. Gurgaon.41 Mr.48 Mr. Ansals Valley View Apartments. Haryana Gurgaon IT/ITES IT/ITES 10. Ghata.34 24 . very close to NH‐8 IT/ITES 40.2 Gurgaon.62 10. on Gurgaon ‐ Faridabad Road. Opp. Sunwise Properties Pvt.35 Village Sikohpur. Fresh Healthcare Pvt. Gyan Bansal Biotechnology 17. District Gurgaon MediCity. Dr. Ltd. Ltd 5th Mile stone. Haryana IT/ITES 28 Mr. Haryana. Behrampur and Balola in District Gurgaon. Haryana Gurgaon. Indrapreet 30 Selecto systems Pvt. Luxor Cyber City Pvt. Ltd. Gurgaon. Global Health Private Limited Ascendant Estates Private Limited Assotech Realty Pvt. Ltd Metro Valley Business Park Private Limited Village Ghata. Naresh Trehan IT/ITES 15. Jaju 31.12 Mr. Haryana Main Mathura Road Faridabad Haryana IT 10 IT / ITES 3.
SEZs in Haryana Single Vs Multi Product 25 .
Distribution of products Major Competitor 26 .
Company with Maximum area to set up SEZs 27 .
Maximum no. of SEZ’s under one company 28 .
Percentage of land acquiered by the Companies 29 .
Research Findings 30 .
The construction work has started and tower work is in progress. It has pioneered many consumer‐friendly innovations too. it has gained recognition as a premier organization in the field of housing. 2mn Sq. shops and housing facilities in its non‐processing sector. Ansals does not consider any company as its competitor as according to them demand will be more than supply. Gurgaon This project has been planned over 27 acres of land with a built‐up area of approx. commercial and industrial construction. it will cover an area of approx. Haryana Granted formal approval from Government of India to develop as Engineering Goods sector SEZ.Ansal IT City and Parks Ltd Ansal’s is renowned globally for offering a perfect blend of luxury and comfort. utensils and other such engineering goods. Sohna Road. Established brand image. a Dubai Company for foreign investment. Strategically located on NH‐1 (village Bhigan & Kurad brahimpur). commercial options. It shall provide an excellent manufacturing option for setting up of exporting units involved in hand tools.250 acres. ft. Murthal. offices. 31 . Govt. Retail. Sonepat. amenities. It will take around3‐5 years to complete the construction. An ISO 9001:2000 company. facilities and other supporting social infrastructure. Besides the dedicated manufacturing zone. heavy and light machinery. The land has been fully acquired. institutional. It has tie up with D R. Residential etc are its strength that keeps its ahead of other players in the market. 40 years of experience. This shall be designed to cater the end requirements of IT/ ITES sector with robust infrastructure and specifications. It considers that its credibility. auto components. Village Badshahpur. of India has granted Formal Approval to this project. and its segregation of teams for IT. The company plans to provide a medi‐centre. it will also consist of residential options.
32 . According to Ansals. The Engineering Goods SEZ is different from IT SEZ in business model. It considers that its credibility. Currently they do not have any specific plans for next year but they will be going for notification for this SEZ. the demand for export of engineering goods is more in this belt therefore apart from above mentioned strengths. Retail. this also proves to be beneficial for the company. 40 years of experience. Established brand image. and its segregation of teams for IT. Residential etc are its strength that keeps its ahead of other players in the market.The land has got in‐principal approval and 100% acquisition of land has been done.
Assotech Realty Pvt. Ltd.
Assotech, a frontrunner in the real estate fraternity, now presents India's most impressive business hub for tomorrow. Assotech IT SEZ will be one of the largest and finest IT destinations in the country. Distinctly contemporary in style, all the buildings will have a judicious combination of attractive glass façade, stones and metal panels. Assotech IT SEZ will be an integrated, environment‐friendly and energy‐efficient business space that uses both passive and active intelligence to maximize benefits for its occupants. This massive business hub is planned over an area of 40 acres with approx. 2.7 million sq. ft. of area comprising of IT workspace and 1 million sq. ft. of area of retail, residential and recreational space. Key Features • Ultra‐chic facade for each building. • 100% power back up for entire electric supply. • Centrally air‐conditioned ‐ AHUs located on each floor. • Modern fire detection and suppression system with sprinklers, fire and smoke detectors. • Intelligent vehicle parking. • Foolproof security systems • Last mile telecom and fiber optic connectivity through various service providers. • Autonomous power support from own grid Value Adds • Green and intelligent buildings. • A helipad within the complex. • A state‐of‐the‐art convention center. • Energy‐efficient and environment‐friendly planning. • Professional property management by one of the top international property management firms. • Low operating cost through economies of scale. • Water conservation, re‐processing and rainwater harvesting facility. • Data Vault (Face/Retinal Scan). • Green building materials, composites and consumables. • Passive intelligence to maximize natural light. • Over 100,000 sq. ft. of a one‐of‐its‐kind recreational zone with a huge sports club.
Assotech IT SEZ is nestled in the heart of the futuristic city of Gurgaon. Located on the Sohna Road, it's just a 30‐minute drive from the International Airport and 10 minutes away from the NH 8. Furthermore, it is situated in close proximity to plush residential complexes and malls of Sohna road. The strategic location of the project has been already taken hand‐in‐hand by the global IT majors. They even placed their SEZ in Gurgaon because of IT hub and they believe in Gurgaon bulk orders are received. Assotech believes Uppal Developer Pvt. Ltd. to be their major Competitor because Uppal is also coming up with and IT/ITES SEZ in Gurgaon which is already notified and Assotech is still waiting for their notification. Professionally managed company, experience, modern techniques and technology for infrastructure are few strength of Assotech which they believe makes them ahead of their competitors. Assotech is currently having overseas clients, good links and ready investors. They believe that they won’t be facing any problem for attracting clients for their SEZ. Assotech is also having a joint venture with GHI Finlease & Investment Pvt. Ltd. Assotech is also ready with their Master plan and finance but waiting for notification. As soon as they get notified they will start with construction. They are even waiting for government policies to stabilize which could take 6 months according to them. It will take approximately 3 years to complete this project. They have plans for their non‐processing zone like service apartments, recreational activities and clubs.
The DLF Group has charted it next growth steps to retain its leadership position in India. Already a major player in locations across the country, including key metro cities and urban centers, DLF, with over Six decades of experience, is focusing on strengthening its lateral and vertical business drivers. The group is capitalizing on emerging market opportunities to deliver high‐end facilities and projects to its wide base of customers by constantly upgrading its internal skills and resource capabilities. The DLF Group has made significant progress in pursuing new business opportunities in hotel, infrastructure and SEZs (Special Economic Zones). DLF and Laing O’Rourke, UK is the strategic partner in several infrastructure projects. Laing O’Rourke are global leaders in construction credited with landmark projects such as the Dubai International Airport, Millennium Tower and the T‐5 Airport Terminal in UK. Through this joint venture (JV) the Group plans construction of projects in the sectors of expressways and airports. DLF believes that the following are its primary competitive strengths: • • • • • • Brand name and reputation Extensive land reserves Scale of operations Strategic locations A tradition of innovation Experienced and dedicated management
DLF Universal(SPV), has chalked out plans to invest anywhere between US$ 6.7 billion‐US$ 8.9 billion over the next ten years for setting up at least half‐a‐dozen Special Economic Zones across the country. DLF India has proposed SEZ in many parts in India like Amritsar, Ludhiana, Gurgaon and Ambala. Broadly speaking, DLF SEZs have targeted the IT Sector; however, DLF Townships have been on the agenda of DLF Universal. DLF is coming up with around 6 SEZs in Haryana of which four are single product and two are multi product. The entire four single product SEZs are on IT/ITES domain with 2 of them have been notified and land for all the SEZ have been acquired or you may say the land was already present in their land bank. 35
Single Product IT/ITES SEZs DLF is coming up with its four IT/ITES SEZs in Gurgaon, of which two have been notified (30.15 Acre, Ph‐ 1 Gurgaon and 26.825 Acre, Gurgaon SEZs). For other two In‐principal and Formal approval has been taken and waiting for notification. The land acquisition was not big task for DLF as, requirement was small and they were already having a land bank. DLF Believes Wipro and Infosys would be their major competitors for IT/ITES SEZs as they are well established IT firms and are having good contacts with a large no. of IT companies. Therefore, it could pose a threat for DLF. To attract clients for their SEZs the strategy would be like, going for public offering so that anyone can buy a place in the SEZs. The company might even take help of some other firms which would help them earn clients. They are ready with their Master plan and working on its approval. After which they would be starting with the construction work, do project monitoring analysis, planning etc. Construction will be done by a U.K. based construction company, Laing O’Rourke. For the next one year they would be working over infrastructure. Multi Product SEZs DLF Universal is having a Joint Venture with HSIIDC (Haryana State Industrial and Infrastructural Development Corporation) for both of its Multi Product SEZs. The Multi Product SEZ at Gurgaon is being developed by DLF Limited over an area of about 20000 acres on Gurgaon – Jaipur Highway stretching between Manesar & Pataudi. The project cost of this SEZ has been estimated at Rs.26000 crore which is proposed to be financed through an equity funding through internal accruals of DLF and its Group companies and loans from infrastructure funding institutions and international banks. A 2500 acres SEZ is also being set up by DLF in District Ambala with a capital cost of Rs.6700 crore. This is the first SEZ proposal approved by the HIPB outside the National Capital Region (NCR). The project is scheduled to be implemented in two phases to be completed in eight years. When implemented, the Ambala SEZ is likely to attract an investment of around Rs.4000 crore besides exporting goods worth Rs.6000 crore annually. A captive power plant has also been envisaged for the project which is expected to provide direct employment for more than 80,000 persons. 36
The DLF 20,000 Acre project which has received “in‐principle approval” of the Central government is proposed to be set up on both sides of (Gurgaon‐Jaipur) National Highway 8, bisecting the proposed Kundli‐Manesar‐Palwal (KMP) Expressway. The proposed DLF SEZ will be developed in four phases. The first phase of 500 acres is expected to be completed by 2009 and the final phase by 2018. The company expects that the SEZ will attract an investment of Rs 1, 24,000 crore in terms of fixed assets like industrial, commercial and residential stock. The annual export potential of the project has been pegged at $10‐12 billion once it is fully operational. The company also proposes to demarcate a “free trade zone” within the processing area of the SEZ, which would lay emphasis on trading of goods and commodities manufactured within the SEZ, their packaging/ repackaging/ exhibition and the service sector, including BPOs, IT and ITES companies. DLF will also develop a 20 million square feet of built‐up infrastructure, which would include business centres, Logistics Park, warehouses and hotels. Almost 10,000 acres will be developed solely as residential zone, providing all categories of houses for people working in the SEZ. DLF will also develop about 2,000 to 3,000 acres as institutional area, providing educational, healthcare and research infrastructure. DLF also proposes to set up a gas‐based captive power plant of 2,000 MW capacity at a cost of Rs 6,000 crore. According to cautious company estimates, the land cost for the project will work out to Rs 10,000 crore. The development cost has been estimated at Rs 6,142 crore, the cost for readily built infrastructure at Rs 2,625 and the cost of project management at Rs 938 crore. Faced with the new rule on special economic zones (SEZs) that limits the maximum area to 5,000 hectares, real estate major DLF may split its proposed mega zone in Haryana into two tax‐free enclaves in the region. DLF just had started the process of acquiring land. Now, there will be one SEZ of 5,000 hectare but if they get more land, they may set up another SEZ of 3,000 hectare in Gurgaon. DLF finds Reliance as their major competitor for the 20000 Acre SEZ which is close to the Reliance 25000 Acre SEZ at Jhajjar ‐ Gurgaon. Suncity, according to them is also a competitor for their 2500 Acre SEZ in Gurgaon as Suncity is also coming up with around 8000 Acre SEZ at Ambala, Haryana. To attract clients for their SEZs the strategy would be like, going for public offering so that anyone can buy a place in the SEZs. The company might even take help of some other firms which would help them earn clients. 37
Laing O’Rourke. based construction company.K. Construction will be done by a U. 38 . planning etc. After this they would be working on the construction part. doing project monitoring analysis.The land acquisition process is being carried on along with the designing of the Master plan. For the next one year they would be working over infrastructure.
S. DSCL is a pioneer in Build Operate Transfer (BOT) infrastructure development and engineering with projects under execution in the Highways. has received in‐principle approval from the Ministry of Commerce & Industry. Both the SEZs will be Multi‐Product SEZs and will cover an area of 5. SEZ in Palwal. Pharmaceuticals. It is estimated that the SEZ at Palwal shall create direct and indirect employment opportunities for over 39 . in a short span of 5 years.000 Million and INR 6. Gems and Jewellery. The SEZ shall attract and host a number of units in the manufacturing sector such as Auto Components. Government of India to set up and develop two (2) Special Economic Zones. Sports Goods. Expressways & Railway. Engineering Goods.000 hectares (Haryana) and 250 hectares (Himachal Pradesh) respectively with an estimated investment of INR 1. D S Constructions Ltd. This will be done along the lines of some of the internationally known SEZs such as Jebel Ali in Dubai.000 Million respectively.500 acres) and shall be developed in phases. one in the State of Haryana and the other in the State of Himachal Pradesh. internal / arterial roads and walkways and well‐supported by in‐zone utilities and facilities.20. Handicrafts and service sectors such as IT enabled Services (ITES). facilities and services. Processed Foods. The SEZs shall be developed in an integrated manner catering to business (industrial and commercial) activities facilitated by social. green areas. recreational and residential infrastructure. utilities. The SEZ shall have a dedicated captive power plant exclusively for the units / residents within the zone. Logistics and Warehousing and Trade Facilitation. D. The land use plan of the zone being prepared in consultation with internationally reputed consultants will adhere to various regulatory norms under the provisions of the SEZ Act 2005 and SEZ Rules 2006. Readymade Garments. etc. Constructions Ltd. Shenzhen and Suzhou in China. Hydro Power and now pursuing Privatization of Airports & Ultra Mega Power Projects.000 hectares (12. Electrical and Electronic Goods. Special Economic Zones. Haryana The SEZ in Haryana will cover an area of 5. The planning and development norms would be comparable to the best in the world and shall provide for open spaces.
Under the company’s plans. toys and sports goods. DSCL. green areas. Value addition processing units.000 acres shall be allocated for service areas and infrastructure. The company plans to dedicate 60 per cent of the area for industrial. It plans to build up residential and housing facilities in 3. is their major competitor as told by the executive. Food Processing. Handicrafts and Trade and Business Enabling Industries. residential and also commercial purposes whereas rest would be utilising for developing infrastructure. The company is not taking any help of the government for acquiring land. Pharmaceuticals. administration blocks and inland container depot etc.250 acres would be utilised for setting up of Light Industrial Units.500 crore for land acquisition and INR 4. 40 . Gems and jewellery. It is purchasing the land directly from the farmers utilizing all of its resources. Electrical and Electronic goods. Reliance Industries Ltd.750 acres whereas 375 acres shall be allocated for Commercial purposes while the remaining 5.750 crore would be utilised for other related areas. such as open spaces. The farmers of the SEZ area would not be in any loss as the company had decided to spend 25 per cent of its total cost of the project which comes to INR 2.750 Crores on developmental activities. nearly 4.1 lakh people and shall go a long way in upgrading the socio‐economic conditions of the populace in the surrounding region. public utilities. Till date approximately 30‐40% of land has been acquired by the company. including Auto Components. The remaining INR 2. They focus on providing a comfortable environment to their clients. Printing and Publication. roads and walkways. DSCL considers that their brand name and their money power is their major strength. The project would be completed over a period of ten years in two phases and 35 per cent construction would be undertaken in the first year of its construction. Garments.
The marketing strategy to attract clients for their SEZs is they planning to invite the best companies in the specific product category. This includes three Multi Products and seven Single Products (Five IT/ITES. hospitality.Emaar MGF Land Pvt. Ltd. They say that they don’t consider anyone their competitor. This partnership promises to usher in a real estate revolution in India with the development of world class townships across the country. among India’s leading real estate developer. A collaboration that has brought in the largest FDI in India’s real estate space and opened up the horizons of tomorrow. one of the world’s leading real estate company and MGF Development Limited. Emaar‐MGF says that their projects lined up in the joint venture were in six verticals ‐ residential. Emaar MGF Land Private Limited is a joint venture between Emaar Properties PJSC Dubai. education. Emaar MGF believes that there is a positive future for SEZ market in Haryana. Emaar MGF says that they have brought the largest‐ever FDI in the real estate sector in India. Emaar MGF has also floated a 50:50 joint venture with Australian construction major Leighton Asia to execute projects worth $2. Emaar‐ MGF has also tied up with Accor.5 billion in India over the next five years. Emaar MGF is engaged in Pan‐India projects includes nine special economic zones (SEZs) and 50 hospitals. to set up 1. Auto Ancillary and Gems & Jewellery) 41 . commercial and retail. global leaders in economy and budget hotels. According to them their strength is their international standards in handling projects and their ability to take on big scale projects. Emaar also has a belief that they won’t be facing any competition in this sector. The joint venture has earmarked an initial investment of $150 million for the first three years. energy efficiency.000 budget hotels in India under the brand name Formule 1 in the next 10 years. At present also they do have few clients for their SEZs. For power management and water supply they are looking at various options i. healthcare and IT parks and special economic zones (SEZs).e. recycling and green buildings. Emaar MGF is coming up with around 10 SEZs in Haryana. They say they want to change the way realty business is done in India.
In‐principle and formal approval has been taken for these SEZs.5 Acre for residential purpose and 7 Acre of land for commercial activities in their Non‐Processing zone.25 Crores 3. Cost of Land and Development – Rs 150. They have planned to set up 17. Gurgaon with a 600 Acre area: For this SEZ 50% land has been acquired by now. Rain water harvesting. Sewage treatment Plant. They have planned to set up 210 Acre for residential purpose and 60 Acre of land for commercial activities in their Non‐Processing zone. etc ‐ Rs 8. For the business model of coming years some of their financial details are: a.5 Acre for residential purpose and 25 Acre of land for commercial activities in their Non‐Processing zone. Company is working on land acquisition part. Sewage treatment Plant. Company is working on land acquisition part. Shikohpur. Sewage treatment Plant. They have planned to set up 87.Single Product IT/ITES SEZs Emaar MGF is coming up with five IT/ITES SEZs in Haryana and all are going to be developed in Gurgaon. For the business model of coming years some of their financial details are: a. drainage. drainage. roads. Company is working on land acquisition part for all these SEZs. water supply. Cost of Land and Development – Rs 42. drainage. Company is waiting for the notification. Boundary walls. Company is working on land acquisition part. Cost of Land and Development – Rs 30. For the business model of coming years some of their financial details are: a. water supply.50 Crores b. etc ‐ Rs 84 Crores 2.5 Acre for residential purpose and 5 Acre of land for commercial activities in their Non‐Processing zone.10 Crores 4. 1. Villages Kherki Daulla and sihi. For the business model of coming years some of their financial details are: a. etc ‐ Rs 27. The reason why they opted for Gurgaon is because they think this location makes sense economically and is the most viable option for the company. Rain water harvesting. Gurgaon with a 50 Acre area: For this SEZ 95% land has been acquired by now. Boundary walls. Lakhnaula. Gurgaon with a 250 Acre area: For this SEZ 30% land has been acquired by now. At Gurgaon with a 70 Acre area: For this SEZ full 100% land has been acquired.50 Crores b. They have planned to set up 24. Boundary walls. Rain water harvesting. Cost of Land and Development – Rs 480 Crores b. roads.15 Crores 42 . water supply. roads.
etc ‐ Rs 42. For this SEZ 76% land has been acquired by now. Cost of Land and Development – Rs 241 Crores b. Gurgaon. drainage. drainage. Sewage treatment Plant. Boundary walls. Company has planned to set up 87. Gurgaon. Company is working on land acquisition part. water supply. For the business model of coming years some of their financial details are: a. etc ‐ Rs 5. Company has planned to set up 35 Acre for residential purpose and 10 Acre of land for commercial activities in their Non‐Processing zone. Boundary walls. Rain water harvesting. roads. etc ‐ Rs 14. Boundary walls. Company is working on land acquisition part for this SEZ. drainage.6 Crores Single Product Gems & Jewellery SEZ Emaar MGF is coming up with a 100 Acre Gems & Jewellery SEZ in Haryana and its going to be developed at Naweda Fatehpur. Sewage treatment Plant. water supply.5 Crores 5. They have planned to set up 105 Acre for residential purpose and 30 Acre of land for commercial activities in their Non‐Processing zone. Company is working on land acquisition part for this SEZ. water supply.b. roads. The reason why they opted for Gurgaon is because they think this location makes sense economically and is the most viable option for the company. In‐principle and formal approval has been taken for these SEZ.5 Acre for residential purpose and 25 Acre of land for commercial activities in their Non‐Processing zone. Bans Hariya. For this SEZ 95% land has been acquired by now.10 Crores Single Product Auto Ancillary SEZ Emaar MGF is coming up with a 250 Acre Auto Ancillary SEZ in Haryana and its going to be developed at Banskusla. The reason why they opted for Gurgaon is because they think this location makes sense economically and is the most viable option for the company. Rain water harvesting. Rain water harvesting. Sewage treatment Plant. roads.25 Crores b. For the business model of coming years some of their financial details are: a. Gurgaon with a 300 acre area: For this SEZ 35% land has been acquired by now. For the business model of coming years some of their financial details are: 43 . In‐principle and formal approval has been taken for these SEZ. Cost of Land and Development – Rs 80.
a. drainage. Boundary walls. Company is working on land acquisition part. Machigargh. Cost of Land and Development – Rs 1500 Crores b. Gurgaon with a 10. Rain water harvesting. water supply. Boundary walls. Rain water harvesting.6 Crores b. Bhupani. etc ‐ Rs 262 Crores 44 . In‐principle and formal approval has been taken for these SEZ. Cost of Land and Development – Rs 6020 Crores b. Sewage treatment Plant. They have planned to set up 1000 Acre for residential purpose and 500 Acre of land for commercial activities in their Non‐ Processing zone. For the business model of coming years some of their financial details are: a. Cost of Land and Development – Rs 200. For the business model of coming years some of their financial details are: a. etc ‐ Rs 1028 Crores 2. roads. drainage.000 Acre area: For this SEZ 5% land has been acquired by now. of which two in Gurgaon and one in Faridabad. Company is working on land acquisition part. Cost of Land and Development – Rs 3010 Crores b. Village Boda Kalan. Rain water harvesting. water supply. Sewage treatment Plant. Faridabad with a 2500 Acre area: For this SEZ 50% land has been acquired by now. etc ‐ Rs 34. For the business model of coming years some of their financial details are: a. Jahajpur. Boundary walls. Rain water harvesting. drainage. The reason why they opted for these places was because they think this location makes sense economically and is the most viable option for the company. They have planned to set up 2000 Acre for residential purpose and 1000 Acre of land for commercial activities in their Non‐Processing zone. Company is working on land acquisition part for all this SEZ. Company is working on land acquisition part. drainage. roads. Gurgaon with a 5000 Acre area: For this SEZ 25% land has been acquired by now. They have planned to set up 4000 Acre for residential purpose and 2000 Acre of land for commercial activities in their Non‐Processing zone. 1. Sewage treatment Plant. water supply. Sewage treatment Plant. water supply. roads.7 Crores Multi Products SEZ Emaar MGF is coming up with 3 SEZ in Haryana. Boundary walls. roads. etc ‐ Rs 514 Crores 3.
entertainment zones among other essential services. Gurgaon and it spread over an area of 28 hectares. housing. the Luxor Group has diversified into real estate development in 2003 and tied up with the renowned Uppal Group. office complexes. as explained by the Haryana Government Master plan 2021 is: "Cyber City means self contained intelligent city with high speed communication access to be developed for nucleating the Information technology concept and germination of medium and large software companies". operations and strategic partnerships. restaurants. the Luxor Group has made huge investments in commercial real estate development and acquired suitable land for such premium projects as cyber cities. The boom in real estate in India has opened up new growth opportunities for blue‐chip corporate houses ready to expand in terms of investments. hospitals. In tune with the current trend. 45 . supporting infrastructure such as. The project is aims at concentrating on the IT and IT Enabled Services (ITES) companies. The SEZ land is located at Village Sikohpur. Luxor Cyber City Pvt. The Group is also developing an ultra‐modern Special Economic Zone (SEZ) in the NCR to help serve diverse industry segments. The facilities provided would be housing apart from the IT space. A Cyber City. schools. a corporate developer & builder with three decades of industry experience and more than 500 projects to its credit. Luxor Group has got a nod for the Gurgaon SEZ (Special Economic Zone) to be called Luxor Cyber City. commercial plazas and Special Economic Zones (SEZs). Ltd. The Luxor‐ Uppal consortium has already started operations across Delhi and the National Capital Region (NCR) – undertaking a state‐of‐the‐art IT Park development in Gurgaon and building mega complexes in the heart of New Delhi to meet the growing demands for high‐value office/commercial space. In a bid to promote the diversification move. luxury hotels. Our strategic initiative to enter the capital‐intensive commercial real estate development segment not only ensures rapid growth but also helps create value for shareholders as the new ventures will be a standing testimonial of the high‐profile brand image enjoyed by the Luxor Group spelling impeccable quality and unfailing reliability.
Garment exporter Orient Craft Ltd (OCL) plans to develop a 650‐acre textile Special Economic Zones in Gurgaon with an investment of Rs 2. and commercial area. The first phase of the SEZ consisting of 284 acres has been completed with an investment of Rs 500 crore as said by OCL Managing Director. They intend to come up with a unique product. They have acquired 460 acres of land for the purpose and will expand it to 750 acres. Orient Craft boasts of a long list of international clientele including Gap. Oliver.570 hectare is allocated to the SEZ. The company has a partnership with Europe's s. among others. The reasons that made the company to venture into SEZs were its 40 years of expertise in garments and apparel and its hi‐tech infrastructure. Part of the rest of the investment of Rs 1. The other two phases are proposed to be completed by 2010 end and will also house some power companies and hotels.000 people. The `boutique SEZ' will house specialty players of the textile industry and is expected to provide employment to about 30. institutional. Mr. a retailer of garments and lifestyle products. clientele all across the world and its financially sound position is its strength and motivates it to venture into SEZs. The company finds that its experience in garments.Orient Craft Infrastructures Ltd. The SEZ will be having industrial. Sudhir Dhingra. residential.500 crore will come from these hotels and other companies. In the official Master plan 2021 a total of 4. 46 . Tommy Hilfiger. Other than Oliver. and Ralph Lauren. The project will take around 4 years to complete and by October this year the construction work will begin. The partnership entails setting up of retails stores in metros and other major cities in the next five years.000 crore. Marks & Spencer. Banana Republic.
Food Processing SEZ at Sonepat and so on. Parsvnath so believe that early move advantage. makes them ahead of their competitors. Parsvnath has been very innovative while placing their SEZs in India. similarly Gems & Jewellery SEZ at Jaipur. In‐principal and formal approval has been take for the SEZ. One is 250 Acre IT/ITES SEZ at Gurgaon‐Sohna Road Gurgaon and another one is 250 Acre Food Processing SEZ at Kundli. Haryana. They have placed their SEZs according to the specialty of the area like for example. Company is waiting for the Notification as full 100% land has been acquired. the Delhi‐based real estate developer is one of the leading real estate development companies in India with operations in 41 cities and 14 states. Sonepat. They believe that they won’t be facing any competition as by 2009 STPI norm is going to end due to which all the companies won’t be able to utilize the Tax benefits.Parsvnath Developers Limited Parsvnath Developers. IT/ITES SEZ at Gurgaon. Moradabad is famous for Handicraft so a Handicraft SEZ at Moradabad. 47 . This will make IT companies to opt for SEZs because of several incentives and tax benefits. Strength of Parsvnath: • • • • Robust land bank at emerging locations Reputed developer Well knitted marketing web Diversified business model Parsvnath is coming up with 9 SEZ all over India. IT/ITES SEZ Gurgaon This is a 250 Acre SEZ. Agra is famous for leather so they are setting up a leather SEZ at Agra. brand name and experience in developing several infrastructures like DMRC’s project. Parsvnath is having two SEZs in Haryana.
commercial and malls for their non Processing Zone. According to them it will take near about 2‐3 year complete. 49 . Company will depend on Government for power and water. Company has even planned housing. share plans and demonstration are few strategies that company will be performing for persuading clients for their SEZ. Company is basically waiting for notification after that they will be working over Master Plan approval and its construction.Road shows.
brand name and experience in developing several infrastructures like DMRC’s project. According to them it will take near about 2‐3 year complete. makes them ahead of their competitors.Food Processing SEZ Kundli. Company is basically working over land acquisition part and makes it notified as soon as possible then will work over Master Plan and its approval following to construction. Company will depend on Government for power and water. share plans and demonstration are few strategies that company will be performing for persuading clients for their SEZ. Parsvnath so believe that early move advantage. They believe that they won’t be facing any competition as they would be having monopoly in this sector. Sonepat This is a 250 Acre SEZ. In‐principal and formal approval has been take for the SEZ. as no other developer is coming up with the same SEZ. Road shows. Company has even planned housing. Company has acquired 50‐80% of land till yet. 51 . commercial and malls for their non Processing Zone.
As Gurgaon is developing as IT hub. hotels. According to Raheja’s. the construction work will begin. they think DLF Limited and all up coming small companies will give them competition. The group is coming up with two SEZs in Haryana: one in multi‐product and the other in Electronic Hardware & Software including ITES. The power and water supply will be taken by the government. The group has ventured into SEZ by the name of Raheja Haryana SEZ Developers Pvt. Publication. Gurgaon. Ltd is coming up with a single product SEZ in Electronic Hardware & Software including ITES SEZ in Ghatta. They were the first in SEZ market to get in‐principal approval from the Government Ghatta. Insurance. The group is expecting the notification in a short time. Health and beauty. The facilities provided in the SEZ would be housing for the workers. Cable TV. Ltd.Raheja Haryana SEZ Developers Pvt. In their view. Food. therefore Raheja selected Gurgaon in NCR for the construction of IT SEZ. the supply of IT services will be not adequate to fulfill the demand in future. Gurgaon Raheja Haryana SEZ Developers Pvt. Therefore. Location of the land and the strategy to make farmers their partners are strengths of the group. In this endeavor they have spread their scope from Real Estate to Building materials. Mutual Funds. The Rajan Raheja Group vision is to be a multi‐talented player and rank amongst the top players in each and every sphere of its operation. Competition is bound to be there. 52 . As soon as they get the notification. Automotive batteries. Software development and Petrochemicals. Hospitality. recreational activities etc. Retail. if the farmers will have faith in the company and if they’ll remain satisfied then the company will not be having any problem in acquiring land from them. Ltd. The area of this single product SEZ is 330 acres which has been acquired fully.
The SEZ will come under industrial area once it expands.By next year. they will be deciding which specific mode of advertising will be used to attract clients. Yet it considers the placing of its SEZ as its strength. setting up of harvesting plants. 53 . according to the group. The Rajan Raheja Group is coming up with SEZ in Dharuhera‐Rewari Belt. The major competitors. The group considers that the land of its SEZ is the best located land in Palwal. The plans for this SEZ include rain water harvesting. Raheja Haryana SEZ Developers Pvt. The SEZ will be spread across an area of 5000 acres and will be a multi‐product SEZ. The placing of this multi‐product SEZ has been done keeping in mind the expansion of Gurgaon City. At later stage. electricity production through wind mills. Dharuhera‐ Rewari Belt With a positive view of the SEZ market in Haryana. For the next couple of years main emphasis will be on acquisition of land. They also intend of providing employment to at least one member of the farmers’ family and share some percent of profits with them. The construction of multi‐product SEZ will start on the similar lines once IT/ITES SEZ becomes fully operational. corporate farming. housing facilities for workers. etc. Ltd. the company plans to prepare the master plan for the SEZ and simultaneously look for foreign investors. recreational activities. are DLF Limited and Reliance Industries Ltd. Raheja’s plan to advertise through various media channels. Once this is done construction part will start. it will take around 20 years for a fully operational multi‐product SEZ. They have a unique way of working on SEZs. According to executive whom we interviewed. hotels. The Central Government has given principal approval for the SEZ and till date 5‐10% land has been acquired. Gurgaon near Delhi‐Jaipur railway line. They plan to purchase the land directly from the farmers and in return make them partners in the company.
54 Rs 73. 14.7 Billion USD 3. is India’s largest business house having activities that span exploration and production (E&P) of oil and gas. issue dated 25th July 2005. Ltd. polymers and intermediates). petrochemicals (polyester. The company exports its products to more than 100 countries the world over. Indian Petrochemicals Corporation Ltd. refining and marketing.9% of Government of India’s indirect tax revenue 4. Ambani (1932‐2002).261 Crores Rs.3 Billion USD 2. Reliance Industries has been ranked at number 417. The Reliance group is well recognized for its ability to set up Mega projects and execute them in record time using state ‐of –art technology. processes and systems. Reliance emerged as India’s Most Admired Business House. for the fourth successive year in a TNS Mode Survey for 2004. founded by Dhirubhai H. and Reliance Life Sciences Limited.8 Billion . 12. In the Fortune magazine list of the Top 500 global corporations. Reliance Industries Limited Reliance Industries Limited.087 Crores USD 16. up from 482 in 2004. Following are the some of the key financial indicators‐ Turnover Gross Profit Cash Profit Reliance Contributes‐ 7.5% of the total market capitalization 11% weightage in the BSE Sensex 8% in the Nifty Index The Reliance Group Companies include: Reliance Industries Limited.164 Crores Rs. Its expertise lies in working on economies of scale and developing integrated right from the raw material to the reaching of the finished product to the end consumer. textiles.Reliance Haryana SEZ Pvt.7% of India’s total Exports 7.
as per Reliance’s internal policies. the norms and standards behind the configuration of infrastructure will be kept as high as possible.000 kms of Optic fiber based telecom network and reaching over 10 million customers to emerge as a strong contender for the top position in the Indian telecom market. commercial and residential infrastructure has been tremendous but there is still a lot to be desired. The SEZ should be able to attract MNC developers as investors also. In the recent past Manesar has been developed as an industrial hub and plans are on way to establish an Industrial township in Manesar. The Reliance SEZ at Haryana‐ Development of a Master Plan Background Reliance proposes to develop the SEZ in Haryana as part of its vision to develop state‐of‐the‐art infrastructure for the nation.Some of the projects of mega magnitude that it has undertaken are‐ Establishing the Patalganga Petrochemical factory Commissioning of the world’s third largest refinery at Jamnagar in a record time Setting up of an over 60. Haryana already boasts of industrial hubs of Faridabad and Gurgaon. It has many multinationals as well as National Companies shifting and establishing their headquarters in the City. The National Capital Region includes Delhi and its satellite towns. Gurgaon. Panipat and Faridabad are some of the key districts that have to be developed as part of the NCR. In the last decade economic development has taken place in the suburbs of Delhi NCR. 55 . One third of Haryana is part of the NCR plan. To this end. The development of shopping malls. Rohtak.
All facilities required for industries together with housing for the entrepreneurs and employees working in the area are being planned for the Special Economic Zone. Adequate development of external infrastructure such as full development of connectivity to the KMP expressway. power generation and supply and sewerage. It is proposed by the Haryana government to extend the Metro Link from Delhi to Manesar.000 hectares (25. These and some more critical issues will require Reliance to ensure that the project is taken up in a planned manner on the drawing board with a complete master plan of developing a First World City. and its continued growing needs. The proposed location will be off National Highway 8 in Gurgaon and moving north extends into Jhajjar district adjacent to the proposed Kundli‐Manesar‐Palwal (KMP) expressway. resulting in traffic. 56 . This would provide for linkage to the proposed SEZ also. It is proposed to have a Rail Line within the SEZ along with an International Container Depot. as also trading and services. Locating the Reliance SEZ The intention is to build a fully integrated multi product economic zone. water supply. are not designed to cater to the overflow of the traffic that is coming in from Delhi. Roads though wide. Development of an Airport to cater to the International as well as Domestic needs of Cargo and Passenger movement will also be a part of the plan. which will ensure sustainable development of medium and large scale industries and service activities with sufficient provision for future growth and expansion. Lack of a contiguous sewerage system and a system of appropriate waste disposal. National Highway (NH 8) will also be of equal importance. With the coming in of the call centers that house a large workforce there is a great need for parking areas that are missing The expected quality of life that was desired from suburbs is missing.000 acres). Unregulated flow of traffic. It is for this reason that the plan will emphasize on the internal development of roads. The Focus of the SEZ will be on development of non/low‐polluting medium and large industries. The size of the SEZ will be in excess of 10. The proposed Special Economic Zone will function as an integrated package with all the required facilities.Learning from these expansions of the NCR The growth of the suburbs of Delhi has been exponential and has resulted in‐ Gross shortage of both electricity and water in different areas.
auditorium. restaurants. pollution control and the like. especially for a fast expanding region of the NCR. However. family entertainment centers. water. sewerage disposal. etc. The size must cater to the demands of the growing new economic initiatives. etc. rules and regulations in regard to area planning. on commercial lines. the Master Plan must provide for availability of built‐to‐use design factories and flatted factories according to the customer’s requirement. with complete amenities such as Airport. Although as per present government regulations the minimum size of SEZ should be 1000 hectares. and it is expected that a single authority clearance for all matters is created. While planning the SEZ development. green belts as a part of arboricultural scheme. processing and disposal) Availability of labor at reasonable cost. the Master Plan will provide for:‐ Availability of services like security. sewerage etc. be subject to the local laws. the global experience as well as per the experience of expanding cities indicates that the size of the land must be such that it can cater to development of a fully integrated city. ICD. Besides. certain communal‐level facilities will have to be provided such as‐ Amenities in the form of landscape features such as open green areas. Facilities for Industrial Waste Management (collection. 57 . etc. The SEZ units would. green buffers along the peripheral. community halls. Besides.SEZ Master Plan‐ General Considerations The entrepreneurs who will set up industries in the SEZ would undoubtedly have their own individual requirements. electricity. Rail links as well as a bustling economic activity mix. the following factors will be taken into account: SIZE: Size of the SEZ is an important issue. Proximity to source of supply of raw materials Transportation facilities to allow linkages with raw material sources and ancillary supplies Uninterrupted availability of power supply. Amenities such as clubs. recreation centers.
Rail linkages. Transportation: The Mater Plan will lock at the transport linkages. storage and handling of industrial waste. need advance planning. In addition the layout will be developed with complete understanding of the phasing program. as it is a multi‐ modal transport interchange mode. Integration of the financial aspects with physical planning aspects is the most important factor for success in implementation.000 Hectares (25. national as well as international linkages for freight movement. etc.000 Acres) Layout: The whole area will be suitably divided into a number of identified activity centers of different sizes. the Indian Railways as well as Metro Rail Link to Delhi and the other parts of the country and the development of an Airport for International traffic. The Master Plan would take into account the relevant aspect of the management of the entire SEZ and the city. This will automatically allow flexibity in planning to accommodate future development. Management: Various aspects such as monitoring of the polluting control norms and standards control over goods.Hence in order to build a strong economic zone that has fully integrated systems of infrastructure Reliance is looking at establishing an SEZ of a size in excess of 10. The plan will have to take into account the linkages with the NH 8. 58 . Advance planning of services and amenities avoids problems of administration later. KMP Expressway. Services and amenities: The Master Plan will take into account planning for services and amenities. it generates a lot of traffic. As the SEZ requires regional. Delhi enjoys the advantages of an advantage of an ideal location at the regional level. Advance planning can substantially reduce the problems arising from maintenance of infrastructure. common effluent treatment. It is advisable to develop standardized modules of the plots within the proposed activity mix.
World class infrastructure. offices at one place . institutions.Benefits of the Reliance SEZ Benefits to the citizens of Haryana • • • • • Benefits to the State of Haryana • • • • • Benefits to the Units • • • • • • • • 59 100% FDI allowed Income Tax rebate on investment in SEZ Exemption from Income tax Exemption from electricity duty and taxes on sale of self‐generated and purchased power Stamp Duty exemption Exemption from Service and Value Added Tax Exemption from Customs duties Single Window Clearances Transfer of technology Significant investment in the state SEZ ICD to benefit surrounding geographic area Planned development for quality of life Benefits to units by forward and backward linkages in SEZ Establishment of world class city High quality of life in the SEZ Huge employment opportunities Access to international standard Facilities like Rail. recreation centers. Airport etc.
Jurong International Group‐ Singapore is one of the largest SEZ developers in the world with a presence in 29 countries and 104 cities. Then construction work will start which will take about 18 months to complete. Architecture & Landscape. These include its technical partners. Management Consultants will be teaming up with Rockman to liaison with various Government Bodies for necessary permissions etc. Investment services. The company considers Uppal Developer Pvt. Established over two decades back Rockman Group has had diverse business interests including Imports. Macro Economic Analysis) work out feasibility in Joint Venture participation. Computer Software Services. Professional Services. Technical Development and implementation of the master plan. Financial. and Real Estate etc. Manesar spread over an area of 250 acres. Rockman has also joined hands with some of the World's best names to support its new initiative. as its competitor. 10 km from IMT. Recreational. Ltd. Setup. 60 . CB Richard Ellis Professional Consultants will carryout Market Study (analysis of Location Dynamics. Biotechnology and Entertainment services etc can be set up. Tourism. Breweries. They will assist Rockman in Master Planning. Debt and Equity Funding etc. Infrastructure Engineering Services.Rockman Projects Ltd. Hospital. Metal & Coal. Demand Assessment and Development Planning. making of the Project Report. Ernst & Young. Within 2 months formal approval will be taken and by the year end the company will get its land notified. Design. Construction and related services. The land has already been acquired fully and the in‐principal approval been taken by the Central Government. Environmental. Educational. Trading and Warehousing services. In Multi services SEZ that is coming up at Delhi‐Jaipur National Highway. Advertising & Marketing Services. Project Structuring.
Shreeaumji Developers Pvt. It al ready has a tie up with Nissan. Faruknagar. At later stage if need arises then they’ll be taking help from any financial institution. 61 . Once it gets formal approval they will start with marketing and housing and commercial activities. the power and water supply will be catered by the government. They already have tie up with Japanese companies. As for the next one year they will concentrate of acquiring the remaining land and getting it approved. Ltd. This single product SEZ has received in‐principal approval from the Central Government and has acquired almost 70% of the total land. Ltd. The CEO of Shreeaumji Developers Pvt. (50% has been acquired and 20% is in process of acquisition. The company finds its strength in the technical expertise of Unitech and its joint venture in automotive sector.) The land has been acquired by the company itself till now. In the beginning. But in regard with their marketing of their SEZ. Shreeaumji Developers Pvt. is a new entrant in the market of SEZ. Later on they’ll take up water harvesting. Ltd. Ltd. considers Emaar MGF Land Pvt. But the company will take help from Government if the need should arise. they have no problems as such. This company is a Joint Venture of Unitech Group. And once the master plan gets finalized and infrastructure gets constructed they will start the marketing. They have location benefit as they already have a plant in Gurgaon. has been an employee of Unitech Group. The company is coming up with two SEZs in Gurgaon: one in Automotive and the other in Apparel. The area of this SEZ is 250 Acres. He started this venture with the help of the two companies. The company plans to come up with housing and commercial activities in the non‐processing zone. Gurgaon The SEZ to be constructed at Faruknagar is an Automotive SEZ.Shreeaumji Developers Pvt. Funds are not its problem at present. It will take around 2 years for the construction work to get over. Ltd. Jai Bharat Maruti and Minda Industries. as their competitor.
Funds are not its problem at present. as their competitor in apparel. It will take around 2 years for the construction work to get over.Faruknagar. considers Orient Craft Infrastructure Ltd. Once the master plan gets finalized and infrastructure gets constructed they will start the marketing. (50% has been acquired and 20% is in process of acquisition) The land has been acquired by the company itself till now. Once it gets formal approval they will start with marketing and housing and commercial activities. The company plans to come up with housing and commercial activities in the non‐processing zone. This single product SEZ has also received in‐principal approval from the Central Government and has acquired almost 70% of the total land. But the company will take help from Government if the need should arise. Ltd. Later on they’ll take up water harvesting. In the beginning. As for the next one year they will concentrate of acquiring the remaining land and getting it approved. they have no problems as such. But in regard with their marketing of their SEZ. Shreeaumji Developers Pvt. 62 . At later stage if need arises then they’ll be taking help from any financial institution. They have location benefit as they already have a plant in Gurgaon. Just like Automotive SEZ the area of this SEZ is 250 Acres. Gurgaon Another SEZ that has to be constructed at Faruknagar is an Apparel SEZ. The company finds its strength in the technical expertise of Unitech. the power and water supply will be catered by the government.
Ltd is a pioneer in conceiving and executing a profusion of urbane real estate projects arraying from Townships to Group housing to luxury Apartments to shopping Malls to Office Complexes. While two SEZs are coming up in Haryana. The company brings together the unmatched experience and expertise of three of India's most reputed business conglomerates: the Essel Group.000 crore. Ltd Suncity Projects Pvt. Each project is a showpiece in its category reflecting the highest standards of planning and construction comparable with the very finest in the business. customer service and Community values. 63 . as area is very large. 16. The Action Group and The Odeon Builders). their good delivery record and good customer contacts. Company says it will only be going for the Ambala SEZ if and only if Government helps them in land acquisition otherwise there In‐ principle approval will expire by next year. one is planned in Neemrana. Suncity Projects foresees a spectrum of assignments ranging from complete township to high rise apartment complexes to giant shopping malls to amusement parks. IT/ITES with an area of 103. the Action Group and the Odeon Builders.000 hectare multi‐ product SEZ near Ambala that entailed an investment of about Rs. but are less focused towards it because of the difficulties in acquisition of land. progressed towards giving an outstanding result.000 people. Rajasthan.e. 811 crore and would provide employment to 24.Suncity Haryana SEZ Developers Pvt. superior standards of construction. Subhash Chandra‐promoted Essel group's Sun City received approvals to set up three zones. Of suncity’s 2 SEZ in Haryana Region one is Single Product SEZ i. Suncity believes that strength which keeps Suncity ahead of their competitors is its sound promoters (The Essel Group. With break ‐through technologies and development mediums the group has with every step. Besides. Suncity is having a positive view for the future SEZ market in Haryana. Suncity's IT SEZ envisaged an investment of Rs.1 in Ambala.195 Acre in Gurgaon and another one is a Multi Product with an area of 8093. the company says that had been given in‐principle nod for a 3. The group is focused on innovative design.
Only then they will start with this SEZ otherwise they show no interest in SEZ.195 Acre SEZ going to be developed in Gurgaon. They have not even started with any strategy to attract Clients. Suncity thinks that as Gurgaon is IT hub so demand will be more and supply will be less i.1 Acre SEZ going to be developed in Ambala. no land has been acquired till date and waiting for governments policy to be changed. They even don’t bother of their In‐principle approval which will expire by next year. Suncity basically have no interest in SEZ’s. No Competition. They estimate that it would take 2‐3 years to complete with fully functional SEZ. They are going in SEZ just because of the benefits which developers would be getting for developing an SEZ. Suncity opted to have an IT SEZ in Gurgaon because Gurgaon has become an IT hub. Advertising would be mainly through media channels. Suncity at present have no client for their SEZ. Their plans for next one year depends on if government helps in acquisition.e.Single Product SEZ “Jhund Sarai. They have not planned anything for their SEZ because government policies. They believe acquiring land is very difficult part in process of developing SEZ. After being notified they will complete master plan. which will help them in land acquisition. full 100% land has been acquired till date and waiting for its Notification. Gurgaon” A IT/ITES 103. Once it get approval for their Master Plan will go construction part. Suncity is expecting notification for their SEZ within a month. 64 . so they thought it will help them to attract clients for their SEZ. They have not even thought of competition and competitor. For this SEZ Suncity believe they won’t be facing any competition. For future they are planning to opt for advertisement to persuade clients for their SEZ. Multi Product “Ambala Haryana” A Multi Product 8093. Haryana with In‐principal approval been taken. Haryana with principal and formal approval been taken.
In the SEZ. The company considers DLF Limited and Reliance Industries Ltd. there is a provision for 10 percent sweat equity for HSIIDC. may acquire the same on behalf of the SPV in accordance with the land acquisition policy of the State which provides that not more than 25 percent land required for the project would be acquired by the govt. The project would be set up by special purpose vehicles (SPVs) to be incorporated by HSIIDC and the JV partner companies.25 lakh persons directly. The SPVs shall procure the entire land comprising the project site at their cost. its strong clientele. to notify the project site as ‘SEZ Zone’ under the provisions of the Haryana SEZ act 2005 which restricts the land use conversion to any other use at the project site other than the SEZ. For the next one year Unitech Haryana SEZ Ltd. does not have any definite plans as the government policies are changing. and timely delivery are the strengths of the company. 35 percent of the total area in this SEZ will be utilised for industrial purpose and the remaining for residential. has an employment potential of more than 1. The well established brand name. The cost of developing infrastructure in this SEZ would come to around Rs. The clientele for the SEZ has been almost established. The project. The Unitech multi‐product SEZ in District Sonepat is being set up near Kundli over an area of about 10000 acres. Unitech Group is coming up with a number of SEZs with different SPVs.48 hectares 65 . to be implemented in phased manner. This SEZ is located at Village Ghata. Gurgaon. Unitech Haryana SEZ Ltd. as its major competitors. As per the agreements. 000 crore. in case the developing agency is unable to acquire the land for any of the phases. One such kind of SPV is Pioneer Urban Land and Infrastructure Ltd. which is likely to be funded through promoters’ equity and term finance. It is an IT/ITES SEZ having the total land area of 40. commercial and institutional utilities. near NH‐8. HSIIDC will facilitate with the State Govt.10. However. the state govt.
and of course. The strategic placing of SEZ gives it a lot of advantage. an obsession with timely completion & delivery. It is a multi‐services SEZ that will host knowledge industries like IT‐ITeS. The detailed master plan for this project is in advanced stage and by July next year the construction work will begin. Since IMT Manesar is very close by. Gurgaon. They are the first developer in the country to have got a gazetted notification for developing a multi‐services SEZ. Gurgaon. Distt. Each of these has been built on the basic principles of hard work. an unflinching commitment to Quality and the Quest to achieve more. the Group with over 500 projects has emerged as one of the leading real estate developers in the country. Manesar. Bhodakalan. biotech. Uppal Developers Pvt. 66 . commercial complexes and shopping‐cum‐office complexes. Uppal's SEZ is located at Villages Rathiwas. nanotech and other R&D‐focused operations.500 crore on developing approximately 22 million sq ft of built‐ up space here. Bhudka. The land was acquired when the SEZ policy was not clear. The Uppal group has got a gazetted notification from the central government that allows it to begin construction work on its 266‐acre special economic zone (SEZ) situated in Gurgaon. It will also offer warehousing facilities and incubation service (a ready‐ to‐move‐in facility from which a newly‐arrived MNC can operate while its permanent office is being readied). therefore for the industrial area will be very prove to be very beneficial for a multi‐services SEZ. Haryana. Ltd Since its inception in 1979. and would fund the project cost both by internal accruals and debt and the final equity structure would be finalised soon. robotics. They are today altering the landscape of Delhi and NCR by building corporate complexes. Ltd. on Main National Highway‐8 approximately 10 Kms towards Jaipur from IMT. Uppal Developers Pvt. All of these bear the stamp of Uppal’s belief in Quality and Perfection. The group will invest an estimated Rs 6. It will take around 8‐10 years to complete the construction. is an SPV (Special Purpose Vehicle) of Uppal Housing Ltd. They are in talks with foreign developers and real estate venture funds for equity participation in this project.
direct road connectivity to the nearest railway track off the Delhi‐Rewari rail line. efficient transportation facilities within the SEZ and to and from Gurgaon city area Environment friendly zone. TCG group. They are having a tie up with the U. it is looking at developing a second.5 km before Manesar. based MNC. timely payments. own land bank. The company considers that its robust infrastructure (including arterial roads connecting each zone to the national highway and expressway).In addition. The group already owns the land for this project. effective marketing strategy are its strength. The well established brand image of the company facilitates it to attract the clients. The notification is awaited. 62‐acre SEZ whose site is 3. This single‐product SEZ will focus on the IT‐ITES sector. 67 .S.
Convergys. Vipul Groups consist of Vipul Real Estates. Vipul is coming up with a 150 Acre IT/ITES SEZ at Fazilpur & Behrampur Villages. The project has received an in‐principle and formal approval from the Ministry of Commerce. Gurgaon Haryana. 68 . Landmark Holdings of the Dalmia Group. The company. Global Business Park. The company’s commercial portfolio boasts of a number of prestigious complexes that house corporate like Gillette. Now they are waiting for it to get notified as they have full 100% land which is required for the development of the SEZ. Millennium plaza and statesman House. In their world class commercial properties are Vipul Square. And today they have expanded beyond the real estate business. Vipul Limited Vipul Ltd. whose tenants include leading international IT firms such as Dell and has roped in international financial partners to give it the long term capital and financial muscle for faster and better execution of the project. GTA and Genesis PR. Thereafter. Electrolux. has in the past developed such buildings in Gurgaon as Global Business Park and Millennium Plaza (in partnership with Unitech). Vipul group says that they are committed to deliver the special needs of their customers. Vipul Facilities management and Vipul Laing O ‘Rourke. They were also having land in stock which they would utilized for either residential or commercial but due to the fact of Tax benefits and other benefits to developers company is looking forward to develop an SEZ there. The total investment in the project is likely to be in excess of Rs 1200 crore.5 per cent and take a stake in Vipul's Rs 1. has agreed to invest 16. etc. with future in mind. an 11‐year‐old real estate developer. along with its international affiliate Banyan Real Estate.. Vipul is also having tie up with Varcovia Bank for investment in the project.200 crore proposed Special Economic Zone (SEZ) in Gurgaon. the company has executed four commercial and four residential projects. Vipul is developing this IT/ITES SEZ in Gurgaon because of the most common reason of Gurgaon has become an IT hub these days.
they also mentioned might be they can come up with something different in this sector. because according to them marketing demand push is low in Gurgaon as compared to any other place.Vipul finds DLF Limited to be its major competitor in this sector. Vipul is also not very much sure for their SEZ as not yet decided whether to go for SEZ or some other project. But. Vipul say they won’t have to make much of efforts for attracting clients for their SEZ. which they feel keeps them ahead of their competitors. Still they would prefer Media channel promotion for their SEZ. Vipul also say they are here to do business and will always prefer to go for best opportunity with whom they could make good amount of profit. Providing quality products and products on reasonable prices are few strength of Vipul’s. 69 .
This will attract IT companies to occupy space in SEZs.e. Ltd. Almost all of the Multi‐Products SEZs are at the starting stage of Land Acquisition (10‐25% been acquired). 25.e. Every company believes that there is a positive future for the SEZ market in Haryana. Raheja Developer’s are coming up with a unique concept for their SEZ. Kundli‐Manesar‐Palwal Highway touches most of the Multi‐Product SEZs in Haryana. as they coming up with second largest (20. DLF Ltd. This is because of STPI norm which is providing additional benefits and incentives specifically to IT/ITES companies. Emaar is coming for largest number of SEZs in Haryana i. According to their perception supply would be dominating demand. 70 .000 Acre. 10.000 Acre) Multi‐product SEZ in Haryana as compare to Reliance’s SEZ i. IT/ITES is the most common single product SEZ in Haryana. which is advantageous due to its connectivity with the SEZs. o H1: There is difference among existing SEZs in Haryana. Conclusion After Conducting the entire survey and analyzing the data collected following conclusions were made: Hypothesis H1 is true. is the giving biggest competition of Reliance Haryana SEZ Pvt. It will expire by 2009. The farmers from whom the land will be purchased will eventually become their partners and will share the profit. Many companies believe that won’t be facing any competition. Maximum number of Single product SEZs has acquired their land. Most of the companies are waiting for the government policies to stabilize.
Leather at Agra.aqod.com www.businessworld. on basis of locations specialty for a specific product.in www.com www.com www. Gems & Jewellery at Jaipur etc.wikipedia.sezindia.com www.in En.in www. IT/ITES at Gurgaon.financialexpress.meaindia.org www.Parsvnath has strategically placed their SEZs.expressindia.com Rediff news & many other NEWS Sites 71 . News Articles and websites.indianindustry. Bibliography We referred to various News Papers. Websites:‐ • • • • • • • • • • • www.nic.projectsmonitor. For example. Handicraft at Moradabad. Food Processing at Kundli.indianraj.com www.nic.
Any Other (Please Specify)________________________ 5. Which area of Haryana is the SEZ being developed a. Type of SEZ: a. Ambala e. Multi Product 2. Panipat d. Why this Product? ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ 3. Single product _________________(Specify) b. Faridabad g. Gurgaon b.Annexure‐I QUESTIONNAIRE Analyzing SEZ’s scenario in Haryana Name of Developer: ______________________________________________________________________________ Name of SEZ: ______________________________________________________________________________ 1. Why this location? __________________________________________________________________ 72 . Area in acres: ______________________________________ 4. Palwal f. Jhajjar h. Sonepat c.
Ltd. Ltd. j. According to you what is your strength which makes you ahead of your competitors? ______________________________________________________________________________ ______________________________________________________________________________ 11. No 7. What would be your Strategy to persuade/attract clients to your SEZ once it is completed? ______________________________________________________________________________ ______________________________________________________________________________ 73 . Suncity Haryana SEZ Developer Pvt. Emaar MGF Land Pvt. Ltd. D. i. Whom do you find to be your major competitor? a. Yes b. What in your view would be the future of the SEZ market in Haryana? a. What are your plans for the Non Processing Zone? ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ 12. Has the principal approval been taken from the Central Government? a. h. Reliance Industries Ltd. b. Uppal Developer Pvt. e. f.) in percentage 8. Unitech Haryana SEZ Ltd. how much land has been acquired till date? ______________________________________(Approx. Negative 9. If yes. Constructions Ltd. Any other (Please Specify)_____________________________________________ 10. Ansal Properties and Infrastructure Ltd d. DLF Limited c.S.__________________________________________________________________ __________________________________________________________________ 6. Ltd. Raheja Haryana SEZ Developers Pvt. g. Positive b.
______________________________________________________________________________ ______________________________________________________________________________ 13. Yes b. What would be your business model for the next one year? ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ 15. No 14. At present do you have some clients? a. Any plans for power management and water supply? ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ Name of Head: __________________________________ Contact info: __________________________________ __________________________________ 74 .
Annexure‐II In‐principle Approval 75 .
Formal Approval 76 .
Notifications 77 .
The State Government shall. Details of foreign equity and repatriation of dividends etc. octroi. To allow generation. if any Whether the Zone will allow only certain specific industries or will be a multi‐product Zone. Can Foreign Companies set up SEZs ? Yes How can one apply for setting up of SEZs ? 15 copies of application. status of the promoter along with a project report covering the following particulars may be submitted to the Chief Secretary of the State: • • • • • Location of the proposed Zone with details of existing infrastructure and that proposed to be established. Government of India: • • • • • • That area incorporated in the proposed Special Economic Zone is free from environmental restrictions. forward it along with their commitment to the following to the Department of Commerce. indicating name and address of the applicant. transmission and distribution of power within SEZ. That water. Financial details. mode of financing and viability of the project. That for units inside the Zone.Annexure‐III FAQ: Special Economic Zone (SEZ) Who can set up SEZs? Any private/public/joint sector or State Government or its agencies can set up Special Economic Zone (SEZ). including investment proposed. That the units would be given full exemption in electricity duty and tax on sale of electricity for self generated and purchased power. distance from the nearest sea port / airport / rail / road head etc. To exempt from State sales tax. turnover tax and any other duty/cess or levies on the supply of goods from Domestic Tariff Area to SEZ units. electricity and other services would be provided as required. 78 . Its area. mandi tax.. the powers under the Industrial Disputes Act and other related labour Acts would be delegated to the Development Commissioner and that the units will be declared as a Public Utility Service under Industrial Disputes Act.
79 . Detailed guidelines on setting up of SEZ in the Private/Joint/State Sector is given in Appendix 14‐II. pollution control and the like. rules and procedures applicable to such SEZ. The SEZ should have a minimum area of 1000 hectares and at least 25 % of the area is to be earmarked for developing industrial area for setting up of units. electricity. etc. On acceptance of the proposal. Such SEZ shall make security arrangements to fulfill all the requirements of the laws. What is role of State Governments? State Governments will have a very important role to play in the establishment of SEZ. The SEZ units shall abide by local laws. The proposal incorporating the commitments of the State Government will be considered by an Inter‐ Ministerial Committee in the Department of Commerce. the States must satisfy themselves that they are in a position to supply basic inputs like water. who is a member of the Inter‐Ministerial Committee on private SEZ. Representative of the State Government. Wherever the SEZs are landlocked. regulations or bye‐laws in regard to area planning. Minimum area of 1000 hectares will not be applicable to product specific and port/airport based SEZs.N of Handbook of Procedures Volume I. rules. is consulted while considering the proposal. Are there any terms & conditions for setting up of SEZ ? Only units approved under SEZ scheme would be permitted to be located in SEZ. an Inland Container Depot (ICD) will be an integral part of SEZs.• That single point clearances system and minimum inspections requirement under State Laws/Rules would be provided. a letter of permission will be issued to the applicant. sewerage disposal. Before recommending any proposals to the Ministry of Commerce & Industry (Department of Commerce). They shall also comply with industrial and labour laws as may be locally applicable.
3 copies of project proposal in the format prescribed at Appendix 14‐IA of the Handbook of Procedures. For this purpose. educational and recreational facilities on a case to case basis. wherever required will be obtained by the Development Commissioner.1. restaurants and recreation centres on commercial lines. • • • • • • • • • Income Tax benefit under (80 IA) to developers for any block of 10 years in 15 years.1.What are the facilities Incentive/ Facilities to SEZ Developer? 100% FDI allowed for: (a) townships with residential. 80 . before the Letter of Intent is issued. security. Authorised to provide and maintain service like water. from investment in SEZ exempt from Income Tax Investment made by individuals etc in a SEZ co also eligible for exemption u/s 88 of IT Act Developer permitted to transfer infrastructure facility for operation and maintenance. Vol. a Legal Undertaking is required to be executed by the unit with the Development Commissioner. What is the obligation of the Unit under the Scheme? SEZ units have to achieve positive net foreign exchange earning as per the formula given in paragraph Appendix 14‐II (para 12. (b) franchise for basic telephone service in SEZ.1) of Handbook of Procedures. Generation. Income of infrastructure capital fund/co. Clearance from the Department of Policy and Promotion/Board of Approvals. Vol. Duty free import/domestic procurement of goods for development. Vol. What is the approval mechanism for the units? All approvals to be given by the Unit Approval Committee headed by the Development Commissioner. The units are also to execute a bond with the Zone Customs for their operation in the SEZ. electricity. The units have to provide periodic reports to the Development Commissioner and Zone Customs as provided in Appendix 14‐I F of the Handbook of Procedures. trading or service units in SEZ. operation and maintenance of SEZs Exemption from Service Tax /CST. How to set up a unit in SEZ? For setting up a manufacturing. transmission and distribution of power in SEZs allowed Full freedom in allocation of space and built up area to approved SEZ units on commercial basis.1 to be submitted to the Development Commissioner of the SEZ.
explosive. consumables. Domestic sale rejects and waste and scrap on payment of applicable Custom duty on the transaction value. Goods imported/procured locally duty free could be utilised over the approval period of 5 years. raw materials. office equipment. What are the incentive/facilities available for SEZ units? Following incentive/ facilities to SEZ enterprises: Customs and Excise: SEZ units may import or procure from the domestic sources. duty free. spares. distillation and brewing of alcoholic drinks and cigarettes . Income tax: Physical export benefit 100% IT exemption (10A) for first 5 years and 50% for 2 years thereafter. narcotics and hazardous chemicals. by‐products on payment of applicable Custom duty. Any company set up with FDI has to be incorporated under the Indian Companies Act with the Registrar of Companies for undertaking Indian operations. 81 . Reinvestment allowance to the extend of 50% of ploughed back profits Carry forward of losses Foreign Direct Investment: 100% foreign direct investment is under the automatic route is allowed in manufacturing sector in SEZ units except arms and ammunition. all their requirements of capital goods. Duty free import/domestic procurement of goods for setting up of SEZ units. atomic substance. Domestic sales by SEZ units will now be exempt from SAD. cigars and manufactured tobacco substitutes. packing materials. for implementation of their project in the Zone without any licence or specific approval. Domestic sale of finished products. DG sets etc.
Commodity hedging permitted. Flexibility to keep 100% of export proceeds in EEFC account. Freedom to bring in export proceeds without any time limit. Banking/Insurance/External Commercial Borrowings: Setting up Off‐shore Banking Units allowed in SEZs.No cap on foreign investments for SSI reserved items. OBU's allowed 100% Income Tax exemption on profit for 3 years and 50 % for next two years. SEZ units allowed to 'write‐off' unrealized export bills. External commercial borrowings by units up to $ 500 million a year allowed without any maturity restrictions. Freedom to make overseas investment from it. Exemption from interest rate surcharge on import finance. Central Sales Tax Act: Exemption to sales made from Domestic Tariff Area to SEZ units. desalination plants. Income Tax Act: Service Tax: Exemption from Service Tax to SEZ units Environment: SEZs permitted to have non‐polluting industries in IT and facilities like golf courses. hotels and non‐polluting service industries in the Coastal Regulation Zone area Exemption from public hearing under Environment Impact Assessment Notification Companies Act: 82 .
Whether SEZs have been exempted from Labour laws? Normal Labour Laws are applicable to SEZs. 2. What are the facilities for Domestic suppliers to Special Economic Zone Supplies from Domestic Tariff Area (DTA) to SEZ to be treated as physical export. Exemption from requirement of domicile in India for 12 months prior to appointment as Director. which are enforced by the respective state Governments. Agriculture/Horticulture processing SEZ units allowed providing inputs and equipments to contract farmers in DTA to promote production of goods as per the requirement of importing countries. Drugs and Cosmetics: Exemption from port restriction under Drugs & Cosmetics Rules. The state Government has been requested to simplify the procedures/returns and for introduction of a single window clearance mechanism by delegating appropriate powers to Development Commissioners of SEZs. Sub‐Contracting/Contract Farming: SEZ units may sub‐contract part of production or production process through units in the Domestic Tariff Area or through other EOU/SEZ units SEZ units may also sub‐contract part of their production process abroad. 83 . Enhanced limit of Rs.4 Crores per annum allowed for managerial remuneration Agreement to opening of Regional office of Registrar of Companies in SEZs. DTA supplier would be entitled to: • • • • • Drawback/DEPB CST Exemption Exemption from State Levies Discharge of EP if any on the suppliers Income Tax benefits as applicable to physical export under section 80 HHC of the Income Tax Act.
What are the special features if we come to the zone? The units would be entitled for a package of Incentives and a simplified operating environment. Are SEZ's controlled by Government? In all SEZ’s. What are the provisions relating to External Commercial Borrowing (ECB) in SEZ? External commercial borrowings by units up to $ 500 million a year allowed without any maturity restrictions For details please see guidelines issued by RBI (F.2002). What about the Licenses for Imports? No License is required for imports. Custom and representative of State Govt. including second hand machineries. Who monitor the functioning of the units in SEZ? Performance of the SEZ units monitored by a Unit Approval Committee consisting of Development Commissioner. if any. faced by the units/developer. Government also controls the operation and maintenance function in the 7 Central Government controlled SEZs. State has exempted the sales from DTA to SEZ from local levies and taxes. Routine examination of goods by customs in the EOU is common. dated 15.No. 84 . on annual basis.9. What is the practical role of Development Commissioner? Development Commissioner is the nodal officer for SEZs and help in resolution of problem. Will the same practice continue at the SEZ? Customs examination is to the bear minimum. the statutory functions are controlled by the Government. SEZ units function on self certification basis. In rest of the operation and maintenance are privatised. If one buy goods from DTA should they require paying State Sales Tax and Excise? No. 4(2)/2002‐ECB.
Inter Unit Sales are permitted as per the Policy. Buyer procuring from another unit pays in Foreign Exchange. Will it be possible to supply to other units in SEZ? Yes. 85 .
firm and such other private or government undertaking. goods and/or services. equipment or accessories required for manufacture or production. The balancing of exports and imports could wholly or partly be in cash. animal husbandry. Capital goods also include packaging machinery and equipment. technological upgradation or expansion. include the person signing the application. BOA ‐The Board of Approval as notified by the Department of Commerce Capital Goods ‐Any plant. will be deemed to be consumables. including those required for replacement. horticulture. wherever the context so requires. refrigeration equipment. machine tools. poultry.Annexure‐IV Glossary Applicant ‐The person on whose behalf the application is made and shall. operates. who develops. sericulture and viticulture as well as for use in the services sector. Buy Back arrangements. organises. which can directly satisfy human needs without further processing and includes consumer durables and accessories thereof. A component includes an accessory or attachment to the component. research and development. Items. catalysts for initial charge. Exports/Imports under Counter Trade may be carried out through Escrow Account. 86 . machinery. promotes. Developer ‐A person or body of persons. aquaculture. refractories for initial lining. power generating sets. quality and pollution control. either directly or indirectly. but does not necessarily. pisciculture. form part of the end‐product. Competent Authority ‐An authority competent to exercise any power or to discharge any duty or function under the Act or the Rules and Orders made thereunder or under this Policy. floriculture. builds. Counter Trade ‐Any arrangement under which exports/imports from/to India are balanced either by direct imports/exports from the importing/exporting country or through a third country under a Trade Agreement or otherwise. designs . finances. agriculture. which participates in or is required for a manufacturing process. of goods or for rendering services. mining. which are substantially or totally consumed during a manufacturing process. maintain or manages a part or whole of the infrastructure and other facilities in the Special Economic Zones as approved by the central Government. Consumer Goods‐Any consumption goods. Component ‐One of the parts of a sub‐assembly or assembly of which a manufactured product is made up and into which it may be resolved. Consumables ‐any item. modernisation. Barter trade or any similar arrangement. company. Capital goods may be for use in manufacturing. equipment and instruments for testing.
Export Obligation ‐ The obligation to export the product or products covered by the licence or permission in terms of quantity.4 of the Policy. EHTP ‐Electronic Hardware Technology Park. The goods include imported spares. Licensing Authority ‐ The authority competent to grant a licence under the Act/Order. Exporter ‐ A person who exports or intends to export and holds an Importer‐Exporter Code number unless otherwise specifically exempted. Excisable goods ‐ Any goods produced or manufactured in India and subject to a duty of excise under the Central Excise and Salt Act 1944 (1 of 1944).Development Commissioner ‐The Development Commissioner of the Special Economic Zone. Drawback ‐Relation to any goods manufactured in India and exported. Licensing Year ‐ The period beginning on the 1st April of a year and ending on the 31st March of the following year. Domestic Tariff Area ‐ Area within India which is outside the Special Economic Zones. Importer ‐ A person who imports or intends to import and holds an Importer‐Exporter Code number unless otherwise specifically exempted. value or both.2)" means Handbook of Procedures (Vol. Jobbing‐ Processing or working upon of raw materials or semi‐finished goods supplied to the job worker so as to complete a part or whole of the process resulting in the manufacture or finishing of an article or any operation which is essential for the aforesaid process.2) published under the provisions of the paragraph 2. Handbook (Vol. ITC (HS) ‐ ITC (HS) Classifications of Export and Import Items Book.1) and "Handbook (Vol. Infrastructure facilities ‐ Industrial. as may be prescribed or specified by the licensing or competent authority. commercial and social infrastructure or any other facility for the development of the Special Economic Zone as notified. if supplied with capital goods manufactured in India. 87 . DFRC ‐ Duty Free Replenishment Certificate.1) ‐ The Handbook of Procedures (Vol. means the rebate of duty chargeable on any imported material or excisable material used in the manufacture of such goods in India. EOU ‐ Export Oriented Unit.
Prescribed ‐ Prescribed under the Foreign Trade (Development and Regulation) Act. and For a manufacturer. MAI‐ Market Access Initiative Merchant Exporter ‐ A person engaged in trading activity and exporting or intending to export goods. remaking. animal husbandry. character or use and shall include processes such as refrigeration. viticulture and mining. shall also include agriculture. re‐engineering. sericulture. Re‐conditioning repair.Manufacture ‐ To make. Policy ‐ The Export and Import Policy. 22 of 1992) or the Rules or Orders made thereunder or under this Policy. corporation or any other legal person. fabricate. process or bring into existence. produce. Part ‐ An element of a sub‐assembly or assembly not normally useful by itself and not amenable to further disassembly for maintenance purposes. 88 . floriculture. NFEP ‐ Net Foreign Exchange Earning as a percentage of exports. basic materials which are needed for the manufacture of goods. Registration‐Cum‐Membership Certificate ‐ (RCMC) means the certificate of registration and membership granted by an Export Promotion Council or other competent authority as prescribed in the Policy or Handbook (Vol.4 of the Policy. by hand or by machine. ii. assemble. unrefined or unmanufactured state.1). polishing. natural. 1992 (No. for the purpose of this Policy. whether they have actually been previously manufactured or are processed or are still in a raw or natural state. a new product having a distinctive name. Public Notice ‐ A notice published under the provisions of paragraph 2. 2002‐07 as amended from time to time. Raw material – i. poultry. Person ‐ An individual. Notification ‐ A notification published in the Official Gazette. Order ‐ An Order made by the Central Government under the Act. A part may be a component or an accessory. firm. pisciculture. re‐packing. company. but which are still in a raw. Manufacture. Manufacturer Exporter ‐ A person who exports goods manufactured by him or intends to export such goods. horticulture. testing calibration. refurbishing. labeling. society. aquaculture. any materials or goods which are required for his manufacturing process.
Services ‐ All the tradable services covered under General Agreement on Trade in Services and earning free foreign exchange. Unit Approval Committee ‐ The Committee notified for Special Economic Zones to consider proposals on matters relating to Special Economic Zone unit under its jurisdiction.Rules ‐ Rules made by the Central Government under Section 19 of the Act. and (iii) Supply of a ‘service’ from India through commercial or physical presence in the territory of any other country. STP‐ Software Technology Park Third‐party exports ‐ Exports made by an exporter or manufacturer on behalf of another exporter(s).Specified‐ Specified by or under the provisions of this Policy. Service Provider ‐ A person providing: (i) Supply of a ‘service’ from India to any other country. SION ‐ Standard Input Output Norms notified by DGFT in the Handbook (Vol. Wild Animal‐ Any wild animal as defined in Section 2(36) of the Wildlife (Protection) Act. Status holder ‐ An exporter recognized as "Export House/Trading House by DGFT/ Development Commissioner or Star Trading House/ Super Star Trading House" by the Director General of Foreign Trade. 89 . (ii) Supply of a ‘service’ from India to the service consumer of any other country in India. 2002‐07/approved by Board of Approval. Spares ‐ A part or a sub‐assembly or assembly for substitution. Spares include a component or an accessory. SEZ ‐ Special Economic Zone notified by the Ministry of Commerce & Industry. 1972. that is ready to replace an identical or similar part or sub‐assembly or assembly. Ships ‐ All types of vessels used for sea borne trade or coastal trade and shall include second hand vessels. shipping bills shall indicate the name of both the exporter/manufacturer and exporter(s). In such cases. Department of Commerce. (iv) Supply of a ‘service’ in India relating to exports paid in free foreign exchange.2).
Zone Development Board‐ The Zone Development Board notified for Special Economic Zones to consider matters relating to development. operation and maintenance of SEZs. 90 .
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