This action might not be possible to undo. Are you sure you want to continue?
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 .
contact details etc. Executive Summary To provide a stable economic environment for the promotion of Export‐import of goods in a quick. The SEZ Act is expected to give a big thrust to exports and consequently to the foreign direct investment (“FDI”) inflows into India. as Reliance coming up with largest SEZ. the size and location of SEZs. DLF is coming up with the second Largest SEZ and Emaar with 3 Multi‐Product SEZ in Gurgaon. 2005.S. The study consisted of primary and secondary data. The SEZ Act and the SEZ Rules. exports and employment. Once the data was collected. Jai Bharat Maruti and Minda Industries. boosting economic growth. At first. 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. Ltd. The result found was that DLF. Construction’s SEZ.. The incentives and benefits provided to SEZs have attracted even those companies which are not into developing field. Reliance are the major competitors. is in Joint Venture with Unitech Group. efficient and hassle‐free manner. Being new to real estates. Ltd. Shreeaumji Developers Pvt. The SEZ Act has encouraged many companies to undertake setting up of various SEZs all over India. secondary data was taken from internet like the list of companies. those many company’s SEZs are touching KMP highway for connectivity. 5 . 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. then the analysis was done. Government of India enacted the SEZ Act. they have come up with their SEZs in Joint Venture with well established companies that have experience in the field. The new law is aimed at encouraging public‐private partnership to develop world‐class infrastructure and attract private investment (domestic and foreign). Luxor is coming up with its SEZ in Joint Venture with Uppal Developers Pvt. Reliance Industries Ltd. starting from Kundli with Unitech’s SEZ and ending at Palwal with D. Emaar MGF. Ltd. Also. which received the assent of the President of India on June 23. 2006. as its Special Purpose Vehicle. 2006 (“SEZ Rules”) were notified on February 10. with Reliance Haryana SEZ Pvt. For example.
Introduction 6 .
All this will help the country's products to become more competitive visa‐a‐versa providing all round development of region. Poland. Also Tax exemption is for specific period say for 10 yrs or so. and makes the exports more viable. Peru has been slated to become a "Zona Ecomomica". 7 . 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. In the United States. Special economic zone is a particular area inside a state which acts as foreign territory for tariff and trade operations. It should be noted that if 100 acres are allotted for SEZ. including India. Iran.). also known as non‐ processing Zone. but failed. multiplexes etc. customs. Russia. Special Economic Zones have been established in several countries. Puno. Govt. Usually the goal is an increase in foreign investment. sales etc. provides employment to people. Kazakhstan. Jordan. SEZ can be sector specific or multi product SEZ. Excise. Philippines. then only 50% of area is used for setting up plants rest of the area is used to provide housing facilities. and Ukraine. subsidized water and electricity etc. It helps in the development of infrastructure of the area around the SEZ. North Korea has also attempted this to a degree. SEZ are referred to as "Urban Enterprise Zones". provides tax exemption (IT. malls.
The University Of Limerick. 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. IDA assisted international IT and financial services projects now employ upwards of 30. 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. This Concept has now been extended to create a knowledge network of five smaller technology parks and centers in peripheral locations throughout the region. 8 . 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. Ireland’s first technological university. was established in 1973. Promotion of International Financial/ IT Services: Shannon Development led the way in the 1960’s in promoting international financial and IT services. The Dublin International Financial Services Centre.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. Training Needs and Facilities: There was close co‐operation from the outset between Shannon Development and the new investors. The positive experience of investors at Shannon led to additional FDI throughout the national economy. Technology Development: To attract high quality investment the need for a strong technologically oriented university. was recognized. A new training centre was established within the Free Zone. Today Shannon is still the largest single site concentration of foreign investment in Ireland.000 people. It has been judged an outstanding success. a kind of financial services free zone was established in 1987. Later this led to the establishment of a national industrial training authority with Shannon Development’s chief executive as its first chairman. In 1980 one of the first Innovation Centers in Europe was developed adjacent to the university campus. the university president was appointed to the board of Shannon Development.
Thus Shannon Development became Ireland’s first regional development agency. It used. 9 . In order to promote economic activity and spread the benefits of tourism to isolated rural areas. In the last 25 years upwards of 50 countries world‐wide have been assisted. the Tralee Tourism cluster. Shannon Impact in other parts of the Globe From the mid 1960’s onwards developments at Shannon attracted the interest of the wider world. Malaysia (1971). free zone. Duty Free Shops: The Shannon duty free shop concept has been replicated many times throughout the world. and various tourism initiatives had a major impact on the surrounding Shannon Region. 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. Rural Development: Shannon Development’s regional responsibility led naturally to an interest in the development of rural areas. and continues to use today. Initiatives included small industry estates. Taiwan (1965). 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 Zones: The Shannon free zone model has been used in many parts of the world. In recent years EU structural funds have been used creatively to develop new tourist products such as Kilrush Creek Marina. an enterprise centre network. Shannon Development continues to develop innovative tourist attractions in areas of the Shannon Region outside the influence of the major industrial centres. Doonbeg Link’s golf course. it developed the rent an Irish cottage scheme. Egypt (1976). It produced the country’s first regional industrial development plan in 1969. 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. Regional Planning and Development: The airport. The Irish government in 1968 took the logical step of extending Shannon Development’s mandate to include the wider Shannon Region. Limerick Heritage precinct and others. Mauritius (1978). innovation centers. 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. business incubator units and a specialized food industry centre. its tourism development and marketing expertise to promote rural development.
When they returned to China they related their Shannon experience to Deng Xiao Ping. 10 . 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.
the Special Economic Zones (SEZs) Policy was announced in April 2000. Around 800 suggestions were received on the draft rules. 2005. 2005. or EPZ. absence of world‐class infrastructure. Gujarat coast is Kandla. providing for drastic simplification of procedures and for single window clearance on matters relating to central as well as state governments. But 40 years on. the SEZ Act. The Special Economic Zones Act. (e) Development of infrastructure facilities. 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 draft SEZ Rules were widely discussed and put on the website of the Department of Commerce offering suggestions/comments. The main objectives of the SEZ Act are: (a) Generation of additional economic activity (b) Promotion of exports of goods and services.2006 under the provisions of the Foreign Trade Policy and fiscal incentives were made effective through the provisions of relevant statutes. more than 500 SEZs have been proposed. a comprehensive draft SEZ Bill prepared after extensive discussions with the stakeholders. Coming seven years after the world's first SEZ at Shannon in Ireland. The Government of India in April 2000 announced the introduction of Special Economic Zones policy in the country. As of 2007. it was the first of its kind in Asia. (d) Creation of employment opportunities. Experts say the principal reason for this sorry state of affairs is inadequate infrastructure. (c) Promotion of investment from domestic and foreign sources. After extensive consultations. 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. 11 . was passed by Parliament in May. SEZs in India functioned from 1. duties and tariffs.02. came into effect on 10th February.11. where the first SEZ in India was set up in 1965 called an export processing zone. 2005 which received Presidential assent on the 23rd of June.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. supported by SEZ Rules.2000 to 09. With a view to overcome the shortcomings experienced on account of the multiplicity of controls and clearances. 2006. Kandla and the seven other state‐run EPZs‐turned‐SEZs in India have failed to live up to their promise. and an unstable fiscal regime and with a view to attract larger foreign investments in India. 2005. deemed to be foreign territory for the purposes of trade operations.
India is trying desperately to attract foreign investment so it can create thousands of new jobs. 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. They also argue that SEZs are free of the negative aspects of Indian bureaucracy. 2. 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. It’s clear that government lacks in long term funds which could be better used for infrastructure development of the country.The SEZ Rules provide for different minimum land requirement for different class of SEZs. b) Single window clearance for setting up of an SEZ. They are also against acquisition of fertile agricultural land as it will make many farmers landless. Tax incentives are the most ulcerative way to attract the private players. d) Single Window clearance on matters relating to Central as well as State Governments. c) Single window clearance for setting up a unit in a Special Economic Zone. Those who are against it argue that giving tax breaks to SEZs is not a good idea. SEZ is the only viable option. operation. which is the novel way to utilize the resources of the country. For doing so. 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. 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. so instead of being a silent spectator. Not everyone is happy with these arguments. 12 . 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. it’s better to encouraging private investment. The SEZ Rules provide for: a) Simplified procedures for development. The following are the disadvantages of an SEZ: 1. 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. and maintenance of the Special Economic Zones and for setting up units and conducting business in SEZs. 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.
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. Department of Commerce. The Approval Committee at the Zone level deals with approval of units in the SEZs and other related issues. All the decisions are taken in the Board of Approval by consensus.3. Its constitution is as follows: (b) Administrative set up: The functioning of the SEZs is governed by a three tier administrative set up. broad banding diversification. The applicant also has the option to submit the proposal directly to the Board of Approval. 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. 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. 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. The Board of Approval is the apex body and is headed by the Secretary. in case of violation of the conditions of the approval. Once an SEZ has been approved by the Board of Approval and Central Government has notified the area of the SEZ. Customs Authorities and representatives of State Government. are given at the Zone level by the Development Commissioner. 13 . The Board of Approval has been constituted by the Central Government in exercise of the powers conferred under the SEZ Act. change in the name of the company or implementing agency. etc. All post approval clearances including grant of importer‐exporter code number. 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. units are allowed to be set up in the SEZ. Each Zone is headed by a Development Commissioner. who is ex‐officio chairperson of the Approval Committee.
consumable spares etc. • 100% FDI permitted to SEZ franchisee in providing basic telephone services in SEZs. consumables.. 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. barring a few sectors. • Job work on behalf of domestic exporters for direct export allowed. • Facility to realize and repatriate export proceeds within 12 months. raw materials. • External commercial borrowings by SEZ units up to US$500 million in a year without any maturity restrictions through recognized banking channels. raw materials. • No import license requirements • Exemption from customs duties on import of capital goods. • No routine examinations by Customs for export and import cargo. • Profits allowed to be repatriated without any dividend‐balancing requirement. spares etc • Exemption from Central Excise duties on procurement of capital goods. 14 . from the domestic market. • Facility to retain 100% foreign exchange receipts in Exchange Earners’ Foreign Currency Account. • Exemption from industrial licensing requirements for items reserved for the SSI sector.Incentives and Benefits Besides providing state‐of‐the‐art infrastructure and access to a large well‐trained and skilled work force. • No cap on foreign investment for small scale sector reserved items.
operation and maintenance of SEZ. The SEZ will provide high quality. 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. Incentives to Developers • Exemption from duties on import /procurement of goods for the development. SEZ provides for unrestricted access to domestic markets (with payment of relevant duties on imports and outputs). health care and recreational facilities permitted on a case‐to‐case basis. educational. labeling/ repacking. etc. businesses will operate under a high quality policy and business friendly regulatory environment free from hassles. • Income tax exemption for a block of 10 years in 15 years. SEZ units will nonetheless get the much sought after access to domestic markets. • Exemption from Central Sales Tax and Service Tax • Facilities to set up off‐shore banking units in SEZs. The size of the SEZ would be large enough to attract private participation in building infrastructure. ‘Export‐ oriented’ economic activities only are permitted (NFE over a five year must be positive) 15 • • . delivery.• Subcontracting both domestic and international is permitted. this facility is available to jewellery units as well. reconditioning. Under the Union Government’s policy. 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. The SEZ policy is special in many ways: • • • • • The range of permissible economic activities is vast since it covers trading. 100% foreign ownership is automatically cleared in the manufacturing sector. world‐class infrastructure designed to render costs of production. logistics and transactions competitive on a global basis.
2006. 10th February. 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. the SEZ rush had dried up with only around 25 applications having being received since April 6.f. other 120‐odd zones have received first‐stage clearance. The land for the 63 notified SEZs where operations have since commenced involved is 8051. Further. Out of the total land area of 2973190 sq km in India. 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. there are other requirements that are important. Although the Special economic Zones offer a plethora of benefits in terms of the tax exemptions and export promotion incentives.e. 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.56 hectares only. 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. total agricultural land is 1534166 sq km (51. States have a key role in organizing the administration of the SEZs. where land needs to be acquired. In these cases. SEZ Approval Status Consequent upon the SEZ Rules coming into effect w. the land in possession of the 63 SEZs notified 16 . the land already available with the State Governments or SIDCs or with private companies has been utilized for setting up SEZ. nine meetings of the Board of Approvals have since been held. While government has granted final approvals to 339 proposals. In recent months. It is interesting to note that out of this total land area.• While development of the SEZ scheme is under the Union Government. 126 SEZs have been notified till date.6%). it is envisaged that the private sector could play an important role in building and managing the SEZ facilities. And these factors need to be an inherent part of the infrastructure of the SEZ.
In the 63 notified SEZs which have come up after 10th February 06. 4400 crores.000 direct jobs are expected to be created by December 2007.854(US$ 2996 million) 18. 67300 crores (b) At present.314(US$ 4075 million) 22840(US$ 5078 million) Growth Rate of exports 39% 32% 24.100. These SEZs have so far provided direct employment to 18. about 40% of whom are women.457 persons. Stability in fiscal concession is absolutely essential to ensure credibility of Government intensions. (a) Exports from the functioning SEZs during the last three years are as under: Year 2003‐2004 2004‐2005 2005‐2006 Exports(Rs. 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.71% Projected exports from all SEZs (82) for 2007‐08: Rs. providing direct employment to over 1. The approximately 300 formal approvals will also cover only around 450 sq km. crores) 13.435 crores has already been made in less than one year. Benefits derived from SEZs Benefits derived from SEZs are evident from the investment. exports and infrastructural developments additionally generated. 500. Investment of the order of Rs. Private investment by entrepreneurs in the SEZs established prior to the SEZ Act is of the order of over Rs. investment of Rs. 13.amounts to approximately 67 sq km only. 17 . 000 crores including FDI of US $ 5 ‐ 6 billion is expected by the end of December 2007.79 lakh persons. employment. 1016 units are in operation in the SEZs.
3. the central government gives SEZs special policies and flexible measures. Primary economic firms are sino‐foreign joint ventures and partnerships as well as wholly foreign‐owned enterprises 3. In the China. 1. SEZs local congress and government have legislation authority. Greater independence on international trade activities.Special Economic Zones of China The word "special" mainly means special economic systems and policies. allowing SEZs to utilize a special economic management system. Products are primarily export‐oriented 4. 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. 18 . Special tax incentives 2. Construction primarily relies on attracting and utilising foreign capital 2. Economic characteristics are represented as "4 principles": 1.
the project aims at analyzing the scenario of SEZs coming up in Haryana. Thus. what are the sizes of the SEZs. current scenario of the companies. Therefore. what type of SEZs are they coming up with.Objectives and rationale of the Project Analyzing the Scenario of SEZs in Haryana: There is a very big market of SEZ is emerging. we wanted to know what these companies are doing. how many SEZs a company is coming up with. 19 . Many companies are coming up with their SEZs in Haryana. what is the location of SEZs etc. what is their business model for next couple of years.
Research Methodology Hypothesis: H0: There is no difference among existing SEZs in Haryana. H1: There is difference among existing SEZs in Haryana. 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. 35 . 20 See Annexure‐1 for Questionnaire. size. location. Secondary data: The addresses. contact number of companies coming up with SEZs was collected from internet.
Sector No. Lakhnaula. DLF Cyber City. Gurgaon. 5. Constructions Emaar MGF Land Private Ltd. Yogesh Verma 9.000 Headed by 2 3 4 D. 24 & multi‐product 25A. Data analysis: S. DLF City.14 12. Distt. District Gurgaon 5.73 Mr. DLF Limited 1. 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. City. Ashish Zindal 21 . Gurgaon IT/ITES 7. IT/ITES 2. Haryana 8. Shikohpur. Haryana Palwal. Sector 30.06 12. Gurgaon. IT/ITES 3. DLF multi‐product 6. Gurgaon IT/ITES 4. Gurgaon.S. Villages Kherki Daulla and Sihi. Ph‐1 Gurgaon Type of SEZ Multi‐product Area Hectares 10. Haryana 12. Haryana Reliance Industries Ltd. Village Boda Kalan. Distt Gurgaon 6. Haryana 3. Jahajpur. 4. No 1 Name of the Location developer Jhajjar.54 1012 8097 10. Haryana 1. Ambala. Gurgaon 2. Distt Gurgaon 7.
Ltd Natasha Housing & Urban Development Ltd. K. Bans Hariya. Ambala. Unitech Haryana SEZ Ltd. Gurgaon Panipat. Suncity Haryana SEZ Developer Pvt.Gurgaon. Ltd Multi‐product 4000 Mr. Ltd 1. Haryana Multi‐product Electronic Hardware & Software including ITES Multi Product 2000 132 8 1000 9 Village Dhanwapur and Sarai Alawardi. Gurgaon. Distt 9. Gurgaon 11. Gurgaon 12. Bhupani. Gurgaon Sonepat‐Kundli. Jhund Sarai. Gurgaon 2. 8. Naweda Fatehpur. Distt. V.48 Mr. Haryana IT Multi Product 41. Dharuhera‐Rewari Belt 2. Machigarh. Haryana IT/ITES Gems & Jewellery 120 40 5 6 M/s. Banskusla. Roje Ka Gujjar. Ghatta. Gurgaon Convention City Private Limited Bentex Towers Pvt. Chaddha 1. N.278 3237. K. Gurgaon (Gurgaon) Services 240 10 Multi‐Services 168 22 . Haryana 12. Gupta 7 Raheja Haryana SEZ Developers Pvt. Faridabad 10.
Gurgaon Fazilpur & Behrampur Villages. IT/ITES 60 Mr. Multi‐Services 100 Mr. Haryana 1. Rajiv Dayal 16 Parsvnath Developers Limited IT/ITES Food Processing Industries 46. Dist.35 Mr. Ltd Bandhwari. Tehsil Faruknagar. Gurgaon. Gurgaon 1. C. K. District Gurgaon. Haryana 2. Haryana 1.93 Mr. IMT Manesar.S Agrawal 18 Vipul Ltd. Ltd. Sonepat. Anil Seth 17 Rockman Projects Ltd. P. Kundli.11 M/s. Gurgaon. Orient Craft Infrastructure Ltd Uppal Developer Private Limited Shreeaumji Developers Pvt. Brijesh Bhanote 19 M/s Roseview Infrastructure Developers Limited IT/ITES 44 23 . Gyan Bansal 14 Automotive Apparel 101 101 Mr. Tripathi 15 Ansal IT City and Parks Limited Engineering Goods IT/ITES 100 10. 10 KM from IMT. near Murthal. Orion Infrastructure Pvt. Gurgaon Rathiwas Village. District Gurgaon. Sonepat. Tehsil Faruknagar. Haryana 2. Manesar.3101 Mr. Haryana IT/ITES 130 12 Textile 113. Haryana Sec‐2. Village Badshapur. Haryana Delhi‐Jaipur National Highway. Gurgaon Gurgaon.13 100 Mr. Gurgaon‐Sohna Road. Gurgaon. Ashok Bhayare 13 Multi services 106. Haryana Gurgaon. Village Bhigan and Kurad Ibrahimpur. Haryana 2.
Luxor Cyber City Pvt. Gurgaon. Naresh Trehan IT/ITES 15. IT/ITES IT/ITES 40 Mr. Fresh Healthcare Pvt. Gurgaon. Ltd M/s. Haryana Main Mathura Road Faridabad Haryana IT 10 IT / ITES 3. Dr.41 Mr. Ltd. Haryana Gurgaon Electronic Hardware. District Gurgaon MediCity. Haryana Gurgaon. Gyan Bansal Biotechnology 17. Behrampur and Balola in District Gurgaon. Indrapreet 30 Selecto systems Pvt. Sunwise Properties Pvt.20 21 22 23 24 25 26 28 29 Pioneer Urban Land and Infrastructure Limited Ireo Investment Holding III Ltd.35 Village Sikohpur.2 Gurgaon. Haryana. Ltd. Ansals Valley View Apartments. Gurgaon. Opp. Lalit Goel 30. Ghata. on Gurgaon ‐ Faridabad Road. Jaju 31. very close to NH‐8 IT/ITES 40.12 Mr. Ltd 5th Mile stone.62 10. Ltd Metro Valley Business Park Private Limited Village Ghata. Sector 38. Haryana Gurgaon IT/ITES IT/ITES 10.48 Mr.34 24 . Haryana IT/ITES 28 Mr. Global Health Private Limited Ascendant Estates Private Limited Assotech Realty Pvt.
SEZs in Haryana Single Vs Multi Product 25 .
Distribution of products Major Competitor 26 .
Company with Maximum area to set up SEZs 27 .
of SEZ’s under one company 28 .Maximum no.
Percentage of land acquiered by the Companies 29 .
Research Findings 30 .
ft. Ansals does not consider any company as its competitor as according to them demand will be more than supply. it will also consist of residential options. 2mn Sq. 40 years of experience. Established brand image. utensils and other such engineering goods. Haryana Granted formal approval from Government of India to develop as Engineering Goods sector SEZ. auto components. The company plans to provide a medi‐centre. It has tie up with D R. and its segregation of teams for IT. It considers that its credibility. Murthal. Sohna Road. a Dubai Company for foreign investment. Retail. The construction work has started and tower work is in progress. Strategically located on NH‐1 (village Bhigan & Kurad brahimpur). offices. 31 . Gurgaon This project has been planned over 27 acres of land with a built‐up area of approx. This shall be designed to cater the end requirements of IT/ ITES sector with robust infrastructure and specifications. Village Badshahpur. of India has granted Formal Approval to this project. it will cover an area of approx. An ISO 9001:2000 company. It shall provide an excellent manufacturing option for setting up of exporting units involved in hand tools. institutional. shops and housing facilities in its non‐processing sector. commercial options. It has pioneered many consumer‐friendly innovations too.Ansal IT City and Parks Ltd Ansal’s is renowned globally for offering a perfect blend of luxury and comfort. commercial and industrial construction. The land has been fully acquired. Residential etc are its strength that keeps its ahead of other players in the market. Govt. It will take around3‐5 years to complete the construction. heavy and light machinery.250 acres. amenities. Besides the dedicated manufacturing zone. Sonepat. facilities and other supporting social infrastructure. it has gained recognition as a premier organization in the field of housing.
According to Ansals. It considers that its credibility. this also proves to be beneficial for the company. Established brand image. 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. and its segregation of teams for IT. Retail. 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. The Engineering Goods SEZ is different from IT SEZ in business model. 40 years of experience. 32 .
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
planning etc. After this they would be working on the construction part. For the next one year they would be working over infrastructure. Construction will be done by a U. based construction company.The land acquisition process is being carried on along with the designing of the Master plan. Laing O’Rourke.K. 38 . doing project monitoring analysis.
Constructions Ltd. one in the State of Haryana and the other in the State of Himachal Pradesh. It is estimated that the SEZ at Palwal shall create direct and indirect employment opportunities for over 39 . Pharmaceuticals. D. Engineering Goods.000 Million and INR 6. internal / arterial roads and walkways and well‐supported by in‐zone utilities and facilities. The planning and development norms would be comparable to the best in the world and shall provide for open spaces. Haryana The SEZ in Haryana will cover an area of 5. This will be done along the lines of some of the internationally known SEZs such as Jebel Ali in Dubai. has received in‐principle approval from the Ministry of Commerce & Industry. in a short span of 5 years.500 acres) and shall be developed in phases. Government of India to set up and develop two (2) Special Economic Zones. DSCL is a pioneer in Build Operate Transfer (BOT) infrastructure development and engineering with projects under execution in the Highways. Electrical and Electronic Goods. recreational and residential infrastructure. Sports Goods. Both the SEZs will be Multi‐Product SEZs and will cover an area of 5. Processed Foods. Readymade Garments. 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. Gems and Jewellery. Hydro Power and now pursuing Privatization of Airports & Ultra Mega Power Projects. The SEZ shall attract and host a number of units in the manufacturing sector such as Auto Components.000 Million respectively. etc.000 hectares (Haryana) and 250 hectares (Himachal Pradesh) respectively with an estimated investment of INR 1. D S Constructions Ltd. Logistics and Warehousing and Trade Facilitation.000 hectares (12.20. The SEZs shall be developed in an integrated manner catering to business (industrial and commercial) activities facilitated by social. Handicrafts and service sectors such as IT enabled Services (ITES). facilities and services. SEZ in Palwal. green areas.S. utilities. The SEZ shall have a dedicated captive power plant exclusively for the units / residents within the zone. Expressways & Railway. Special Economic Zones. Shenzhen and Suzhou in China.
residential and also commercial purposes whereas rest would be utilising for developing infrastructure. such as open spaces. Pharmaceuticals. They focus on providing a comfortable environment to their clients. Under the company’s plans. The company is not taking any help of the government for acquiring land. toys and sports goods. 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. nearly 4.750 crore would be utilised for other related areas. Garments. The remaining INR 2.750 acres whereas 375 acres shall be allocated for Commercial purposes while the remaining 5.750 Crores on developmental activities. DSCL considers that their brand name and their money power is their major strength. It is purchasing the land directly from the farmers utilizing all of its resources. 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. Handicrafts and Trade and Business Enabling Industries.1 lakh people and shall go a long way in upgrading the socio‐economic conditions of the populace in the surrounding region.500 crore for land acquisition and INR 4. including Auto Components. DSCL. public utilities. 40 . Gems and jewellery. administration blocks and inland container depot etc. Value addition processing units. Electrical and Electronic goods. The company plans to dedicate 60 per cent of the area for industrial. Printing and Publication.250 acres would be utilised for setting up of Light Industrial Units. green areas. It plans to build up residential and housing facilities in 3. roads and walkways. Reliance Industries Ltd. Till date approximately 30‐40% of land has been acquired by the company.000 acres shall be allocated for service areas and infrastructure. Food Processing. is their major competitor as told by the executive.
one of the world’s leading real estate company and MGF Development Limited. Emaar MGF says that they have brought the largest‐ever FDI in the real estate sector in India. education. Auto Ancillary and Gems & Jewellery) 41 .e. Ltd. recycling and green buildings. For power management and water supply they are looking at various options i. This includes three Multi Products and seven Single Products (Five IT/ITES. Emaar MGF is engaged in Pan‐India projects includes nine special economic zones (SEZs) and 50 hospitals. According to them their strength is their international standards in handling projects and their ability to take on big scale projects. The marketing strategy to attract clients for their SEZs is they planning to invite the best companies in the specific product category. Emaar MGF believes that there is a positive future for SEZ market in Haryana. healthcare and IT parks and special economic zones (SEZs). Emaar‐ MGF has also tied up with Accor. At present also they do have few clients for their SEZs. This partnership promises to usher in a real estate revolution in India with the development of world class townships across the country. global leaders in economy and budget hotels.000 budget hotels in India under the brand name Formule 1 in the next 10 years. among India’s leading real estate developer. Emaar also has a belief that they won’t be facing any competition in this sector. They say they want to change the way realty business is done in India. They say that they don’t consider anyone their competitor. Emaar MGF has also floated a 50:50 joint venture with Australian construction major Leighton Asia to execute projects worth $2. The joint venture has earmarked an initial investment of $150 million for the first three years. Emaar‐MGF says that their projects lined up in the joint venture were in six verticals ‐ residential.5 billion in India over the next five years.Emaar MGF Land Pvt. Emaar MGF Land Private Limited is a joint venture between Emaar Properties PJSC Dubai. to set up 1. hospitality. commercial and retail. energy efficiency. A collaboration that has brought in the largest FDI in India’s real estate space and opened up the horizons of tomorrow. Emaar MGF is coming up with around 10 SEZs in Haryana.
Rain water harvesting. roads. etc ‐ Rs 8. Cost of Land and Development – Rs 30. At Gurgaon with a 70 Acre area: For this SEZ full 100% land has been acquired.10 Crores 4. Gurgaon with a 600 Acre area: For this SEZ 50% land has been acquired by now.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.50 Crores b. Boundary walls. Sewage treatment Plant.25 Crores 3. Boundary walls. water supply. Gurgaon with a 50 Acre area: For this SEZ 95% land has been acquired by now. Cost of Land and Development – Rs 150. drainage. In‐principle and formal approval has been taken for these SEZs. Company is working on land acquisition part for all these SEZs. Gurgaon with a 250 Acre area: For this SEZ 30% land has been acquired by now.5 Acre for residential purpose and 7 Acre of land for commercial activities in their Non‐Processing zone.15 Crores 42 . 1. 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. For the business model of coming years some of their financial details are: a. Company is working on land acquisition part. 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. drainage. drainage. They have planned to set up 17. Lakhnaula. Cost of Land and Development – Rs 42. Cost of Land and Development – Rs 480 Crores b. Rain water harvesting. For the business model of coming years some of their financial details are: a. Sewage treatment Plant. etc ‐ Rs 84 Crores 2. roads. water supply.50 Crores b. Company is working on land acquisition part. water supply. Company is working on land acquisition part. For the business model of coming years some of their financial details are: a. They have planned to set up 87. etc ‐ Rs 27. Company is waiting for the notification. roads. Boundary walls. For the business model of coming years some of their financial details are: a. Rain water harvesting. Shikohpur. Villages Kherki Daulla and sihi.5 Acre for residential purpose and 25 Acre of land for commercial activities in their Non‐Processing zone. They have planned to set up 24.5 Acre for residential purpose and 5 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. drainage. Company has planned to set up 35 Acre for residential purpose and 10 Acre of land for commercial activities in their Non‐Processing zone. 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.25 Crores b. For this SEZ 95% land has been acquired by now. water supply. For the business model of coming years some of their financial details are: a. roads. roads. Boundary walls. Sewage treatment Plant. drainage. roads. Company is working on land acquisition part. Bans Hariya.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. water supply. In‐principle and formal approval has been taken for these SEZ. etc ‐ Rs 42. Cost of Land and Development – Rs 80. Rain water harvesting.5 Crores 5. water supply. For the business model of coming years some of their financial details are: 43 . Rain water harvesting. In‐principle and formal approval has been taken for these SEZ. 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.5 Acre for residential purpose and 25 Acre of land for commercial activities in their Non‐Processing zone. drainage. Rain water harvesting. Boundary walls. Gurgaon with a 300 acre area: For this SEZ 35% land has been acquired by now. For this SEZ 76% land has been acquired by now. Company is working on land acquisition part for this SEZ. Sewage treatment Plant. Boundary walls.b. Gurgaon. Cost of Land and Development – Rs 241 Crores b. Company is working on land acquisition part for this SEZ. Company has planned to set up 87. Gurgaon.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. They have planned to set up 105 Acre for residential purpose and 30 Acre of land for commercial activities in their Non‐Processing zone. Sewage treatment Plant. etc ‐ Rs 5. etc ‐ Rs 14.
Rain water harvesting.000 Acre area: For this SEZ 5% land has been acquired by now. Boundary walls. For the business model of coming years some of their financial details are: a. drainage. Cost of Land and Development – Rs 1500 Crores b. Sewage treatment Plant. water supply. Sewage treatment Plant. roads. etc ‐ Rs 1028 Crores 2. In‐principle and formal approval has been taken for these SEZ. roads. water supply. For the business model of coming years some of their financial details are: a. 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. Bhupani. drainage. Company is working on land acquisition part. Company is working on land acquisition part for all this SEZ. roads. Cost of Land and Development – Rs 200. drainage. Boundary walls. Cost of Land and Development – Rs 3010 Crores b. They have planned to set up 2000 Acre for residential purpose and 1000 Acre of land for commercial activities in their Non‐Processing zone. Sewage treatment Plant. roads. Boundary walls. Boundary walls. water supply. etc ‐ Rs 34. Cost of Land and Development – Rs 6020 Crores b. etc ‐ Rs 262 Crores 44 . of which two in Gurgaon and one in Faridabad. Rain water harvesting. Machigargh. They have planned to set up 4000 Acre for residential purpose and 2000 Acre of land for commercial activities in their Non‐Processing zone. etc ‐ Rs 514 Crores 3. Jahajpur. 1. Gurgaon with a 5000 Acre area: For this SEZ 25% land has been acquired by now. water supply. Village Boda Kalan.7 Crores Multi Products SEZ Emaar MGF is coming up with 3 SEZ in Haryana. They have planned to set up 1000 Acre for residential purpose and 500 Acre of land for commercial activities in their Non‐ Processing zone. drainage. Company is working on land acquisition part. Company is working on land acquisition part. Rain water harvesting. Gurgaon with a 10. For the business model of coming years some of their financial details are: a. Sewage treatment Plant.a. Rain water harvesting.6 Crores b. Faridabad with a 2500 Acre area: For this SEZ 50% land has been acquired by now.
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. The Group is also developing an ultra‐modern Special Economic Zone (SEZ) in the NCR to help serve diverse industry segments. Luxor Group has got a nod for the Gurgaon SEZ (Special Economic Zone) to be called Luxor Cyber City. office complexes. the Luxor Group has diversified into real estate development in 2003 and tied up with the renowned Uppal Group. hospitals. commercial plazas and Special Economic Zones (SEZs). 45 . a corporate developer & builder with three decades of industry experience and more than 500 projects to its credit. 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. The project is aims at concentrating on the IT and IT Enabled Services (ITES) companies. A Cyber City. the Luxor Group has made huge investments in commercial real estate development and acquired suitable land for such premium projects as cyber cities. luxury hotels. In tune with the current trend. schools. Gurgaon and it spread over an area of 28 hectares. The facilities provided would be housing apart from the IT space. entertainment zones among other essential services. housing. restaurants. Ltd. The SEZ land is located at Village Sikohpur. supporting infrastructure such as. 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. Luxor Cyber City Pvt. In a bid to promote the diversification move. 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.
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. Other than Oliver. Orient Craft boasts of a long list of international clientele including Gap. clientele all across the world and its financially sound position is its strength and motivates it to venture into SEZs. residential. 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.000 crore.500 crore will come from these hotels and other companies. 46 . and commercial area. Oliver. The `boutique SEZ' will house specialty players of the textile industry and is expected to provide employment to about 30. The partnership entails setting up of retails stores in metros and other major cities in the next five years. They intend to come up with a unique product. The project will take around 4 years to complete and by October this year the construction work will begin. In the official Master plan 2021 a total of 4.Orient Craft Infrastructures Ltd.570 hectare is allocated to the SEZ. The SEZ will be having industrial. The company has a partnership with Europe's s. Tommy Hilfiger. The other two phases are proposed to be completed by 2010 end and will also house some power companies and hotels. Mr. and Ralph Lauren. institutional. Part of the rest of the investment of Rs 1. Garment exporter Orient Craft Ltd (OCL) plans to develop a 650‐acre textile Special Economic Zones in Gurgaon with an investment of Rs 2. Sudhir Dhingra. a retailer of garments and lifestyle products. The company finds that its experience in garments. They have acquired 460 acres of land for the purpose and will expand it to 750 acres. Banana Republic. Marks & Spencer.000 people. among others.
Haryana. Company is waiting for the Notification as full 100% land has been acquired. brand name and experience in developing several infrastructures like DMRC’s project. One is 250 Acre IT/ITES SEZ at Gurgaon‐Sohna Road Gurgaon and another one is 250 Acre Food Processing SEZ at Kundli. Parsvnath has been very innovative while placing their SEZs in India. similarly Gems & Jewellery SEZ at Jaipur. Agra is famous for leather so they are setting up a leather SEZ at Agra. Parsvnath so believe that early move advantage. IT/ITES SEZ Gurgaon This is a 250 Acre SEZ. 47 . Food Processing SEZ at Sonepat and so on. In‐principal and formal approval has been take for the SEZ. 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. makes them ahead of their competitors. 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. 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 at Gurgaon.Parsvnath Developers Limited Parsvnath Developers. This will make IT companies to opt for SEZs because of several incentives and tax benefits. They have placed their SEZs according to the specialty of the area like for example. Moradabad is famous for Handicraft so a Handicraft SEZ at Moradabad. Parsvnath is having two SEZs in Haryana.
According to them it will take near about 2‐3 year complete. commercial and malls for their non Processing Zone. Company will depend on Government for power and water. Company is basically waiting for notification after that they will be working over Master Plan approval and its construction. Company has even planned housing. share plans and demonstration are few strategies that company will be performing for persuading clients for their SEZ.Road shows. 49 .
Sonepat This is a 250 Acre SEZ. 51 . They believe that they won’t be facing any competition as they would be having monopoly in this sector. commercial and malls for their non Processing Zone. as no other developer is coming up with the same SEZ. 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. In‐principal and formal approval has been take for the SEZ. makes them ahead of their competitors. Company has acquired 50‐80% of land till yet. Company has even planned housing. Company will depend on Government for power and water. Road shows. According to them it will take near about 2‐3 year complete. Parsvnath so believe that early move advantage.Food Processing SEZ Kundli. brand name and experience in developing several infrastructures like DMRC’s project. share plans and demonstration are few strategies that company will be performing for persuading clients for their SEZ.
Competition is bound to be there. The group has ventured into SEZ by the name of Raheja Haryana SEZ Developers Pvt. 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. Food. Location of the land and the strategy to make farmers their partners are strengths of the group. 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. In their view. In this endeavor they have spread their scope from Real Estate to Building materials. 52 . Therefore. Retail. Software development and Petrochemicals. Ltd. The group is coming up with two SEZs in Haryana: one in multi‐product and the other in Electronic Hardware & Software including ITES. The group is expecting the notification in a short time. Insurance. The facilities provided in the SEZ would be housing for the workers. As Gurgaon is developing as IT hub. Health and beauty. Gurgaon Raheja Haryana SEZ Developers Pvt. therefore Raheja selected Gurgaon in NCR for the construction of IT SEZ. hotels. Publication. Cable TV. Automotive batteries. they think DLF Limited and all up coming small companies will give them competition. The power and water supply will be taken by the government. The area of this single product SEZ is 330 acres which has been acquired fully. Mutual Funds. the supply of IT services will be not adequate to fulfill the demand in future. As soon as they get the notification. recreational activities etc. According to Raheja’s.Raheja Haryana SEZ Developers Pvt. 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. the construction work will begin. Hospitality.
At later stage. are DLF Limited and Reliance Industries Ltd. The group considers that the land of its SEZ is the best located land in Palwal. The Central Government has given principal approval for the SEZ and till date 5‐10% land has been acquired. they will be deciding which specific mode of advertising will be used to attract clients. electricity production through wind mills. housing facilities for workers. 53 . recreational activities. Gurgaon near Delhi‐Jaipur railway line. The major competitors. The placing of this multi‐product SEZ has been done keeping in mind the expansion of Gurgaon City. The SEZ will come under industrial area once it expands. They have a unique way of working on SEZs. Dharuhera‐ Rewari Belt With a positive view of the SEZ market in Haryana. hotels. according to the group.By next year. setting up of harvesting plants. Raheja’s plan to advertise through various media channels. Ltd. The plans for this SEZ include rain water harvesting. Raheja Haryana SEZ Developers Pvt. The construction of multi‐product SEZ will start on the similar lines once IT/ITES SEZ becomes fully operational. The Rajan Raheja Group is coming up with SEZ in Dharuhera‐Rewari Belt. the company plans to prepare the master plan for the SEZ and simultaneously look for foreign investors. etc. The SEZ will be spread across an area of 5000 acres and will be a multi‐product SEZ. For the next couple of years main emphasis will be on acquisition of land. it will take around 20 years for a fully operational multi‐product SEZ. corporate farming. Yet it considers the placing of its SEZ as its strength. According to executive whom we interviewed. They plan to purchase the land directly from the farmers and in return make them partners in the company. They also intend of providing employment to at least one member of the farmers’ family and share some percent of profits with them. Once this is done construction part will start.
261 Crores Rs.Reliance Haryana SEZ Pvt. up from 482 in 2004. and Reliance Life Sciences Limited. Reliance Industries Limited Reliance Industries Limited. The company exports its products to more than 100 countries the world over. 54 Rs 73. for the fourth successive year in a TNS Mode Survey for 2004. refining and marketing. processes and systems.9% of Government of India’s indirect tax revenue 4. textiles. Reliance emerged as India’s Most Admired Business House. 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.7 Billion USD 3. petrochemicals (polyester.164 Crores Rs.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. Ltd. polymers and intermediates). Indian Petrochemicals Corporation Ltd.8 Billion . issue dated 25th July 2005.3 Billion USD 2. founded by Dhirubhai H. Ambani (1932‐2002). 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. is India’s largest business house having activities that span exploration and production (E&P) of oil and gas. In the Fortune magazine list of the Top 500 global corporations.7% of India’s total Exports 7.087 Crores USD 16. 12. Following are the some of the key financial indicators‐ Turnover Gross Profit Cash Profit Reliance Contributes‐ 7. Reliance Industries has been ranked at number 417. 14.
The SEZ should be able to attract MNC developers as investors also. Rohtak. the norms and standards behind the configuration of infrastructure will be kept as high as possible. Gurgaon.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.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. 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. One third of Haryana is part of the NCR plan. as per Reliance’s internal policies. In the recent past Manesar has been developed as an industrial hub and plans are on way to establish an Industrial township in Manesar. Haryana already boasts of industrial hubs of Faridabad and Gurgaon. In the last decade economic development has taken place in the suburbs of Delhi NCR. Panipat and Faridabad are some of the key districts that have to be developed as part of the NCR. It has many multinationals as well as National Companies shifting and establishing their headquarters in the City. The development of shopping malls. To this end. 55 . The National Capital Region includes Delhi and its satellite towns. commercial and residential infrastructure has been tremendous but there is still a lot to be desired.
Locating the Reliance SEZ The intention is to build a fully integrated multi product economic zone.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. The proposed Special Economic Zone will function as an integrated package with all the required facilities. 56 .000 hectares (25. National Highway (NH 8) will also be of equal importance. 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. It is proposed to have a Rail Line within the SEZ along with an International Container Depot. 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. Roads though wide. Adequate development of external infrastructure such as full development of connectivity to the KMP expressway. It is for this reason that the plan will emphasize on the internal development of roads. 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. It is proposed by the Haryana government to extend the Metro Link from Delhi to Manesar. are not designed to cater to the overflow of the traffic that is coming in from Delhi. 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. The Focus of the SEZ will be on development of non/low‐polluting medium and large industries. and its continued growing needs. The size of the SEZ will be in excess of 10. Unregulated flow of traffic.000 acres). 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. power generation and supply and sewerage. resulting in traffic. This would provide for linkage to the proposed SEZ also. Lack of a contiguous sewerage system and a system of appropriate waste disposal. water supply. as also trading and services.
community halls. 57 . rules and regulations in regard to area planning.SEZ Master Plan‐ General Considerations The entrepreneurs who will set up industries in the SEZ would undoubtedly have their own individual requirements. Facilities for Industrial Waste Management (collection. etc. The SEZ units would. pollution control and the like. processing and disposal) Availability of labor at reasonable cost. While planning the SEZ development. restaurants. 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. green buffers along the peripheral. family entertainment centers. green belts as a part of arboricultural scheme. The size must cater to the demands of the growing new economic initiatives. ICD. and it is expected that a single authority clearance for all matters is created. the following factors will be taken into account: SIZE: Size of the SEZ is an important issue. Although as per present government regulations the minimum size of SEZ should be 1000 hectares. certain communal‐level facilities will have to be provided such as‐ Amenities in the form of landscape features such as open green areas. water. be subject to the local laws. Rail links as well as a bustling economic activity mix. on commercial lines. sewerage disposal. with complete amenities such as Airport. sewerage etc. especially for a fast expanding region of the NCR. auditorium. the Master Plan will provide for:‐ Availability of services like security. recreation centers. Amenities such as clubs. etc. Besides. Besides. etc. electricity. However. 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. the Master Plan must provide for availability of built‐to‐use design factories and flatted factories according to the customer’s requirement.
In addition the layout will be developed with complete understanding of the phasing program. Rail linkages. 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. Transportation: The Mater Plan will lock at the transport linkages. Delhi enjoys the advantages of an advantage of an ideal location at the regional level. national as well as international linkages for freight movement. common effluent treatment. This will automatically allow flexibity in planning to accommodate future development. Integration of the financial aspects with physical planning aspects is the most important factor for success in implementation. as it is a multi‐ modal transport interchange mode. The plan will have to take into account the linkages with the NH 8. Management: Various aspects such as monitoring of the polluting control norms and standards control over goods. KMP Expressway. Services and amenities: The Master Plan will take into account planning for services and amenities. 58 . The Master Plan would take into account the relevant aspect of the management of the entire SEZ and the city. etc. Advance planning can substantially reduce the problems arising from maintenance of infrastructure. need advance planning.000 Acres) Layout: The whole area will be suitably divided into a number of identified activity centers of different sizes. Advance planning of services and amenities avoids problems of administration later. It is advisable to develop standardized modules of the plots within the proposed activity mix. storage and handling of industrial waste.000 Hectares (25. it generates a lot of traffic. As the SEZ requires regional.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.
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. offices at one place . World class infrastructure. institutions. recreation centers. Airport etc.
Recreational. Demand Assessment and Development Planning. 60 .Rockman Projects Ltd. as its competitor. Then construction work will start which will take about 18 months to complete. Within 2 months formal approval will be taken and by the year end the company will get its land notified. Breweries. 10 km from IMT. Educational. The company considers Uppal Developer Pvt. Metal & Coal. Biotechnology and Entertainment services etc can be set up. The land has already been acquired fully and the in‐principal approval been taken by the Central Government. Rockman has also joined hands with some of the World's best names to support its new initiative. Hospital. making of the Project Report. Jurong International Group‐ Singapore is one of the largest SEZ developers in the world with a presence in 29 countries and 104 cities. Technical Development and implementation of the master plan. Computer Software Services. Advertising & Marketing Services. Ernst & Young. Management Consultants will be teaming up with Rockman to liaison with various Government Bodies for necessary permissions etc. Infrastructure Engineering Services. Established over two decades back Rockman Group has had diverse business interests including Imports. Macro Economic Analysis) work out feasibility in Joint Venture participation. Investment services. These include its technical partners. Project Structuring. Environmental. Trading and Warehousing services. In Multi services SEZ that is coming up at Delhi‐Jaipur National Highway. and Real Estate etc. CB Richard Ellis Professional Consultants will carryout Market Study (analysis of Location Dynamics. Design. Tourism. Professional Services. Manesar spread over an area of 250 acres. Architecture & Landscape. Construction and related services. Setup. Ltd. They will assist Rockman in Master Planning. Financial. Debt and Equity Funding etc.
as their competitor. He started this venture with the help of the two companies. Ltd. is a new entrant in the market of SEZ. Shreeaumji Developers Pvt. The area of this SEZ is 250 Acres. This single product SEZ has received in‐principal approval from the Central Government and has acquired almost 70% of the total land. Ltd. This company is a Joint Venture of Unitech Group. Faruknagar. It will take around 2 years for the construction work to get over. The CEO of Shreeaumji Developers Pvt. Jai Bharat Maruti and Minda Industries. the power and water supply will be catered by the government. But in regard with their marketing of their SEZ. At later stage if need arises then they’ll be taking help from any financial institution. Gurgaon The SEZ to be constructed at Faruknagar is an Automotive SEZ. Ltd. Ltd. In the beginning. Ltd. Later on they’ll take up water harvesting. And 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. they have no problems as such. Once it gets formal approval they will start with marketing and housing and commercial activities. has been an employee of Unitech Group. It al ready has a tie up with Nissan. They have location benefit as they already have a plant in Gurgaon. The company is coming up with two SEZs in Gurgaon: one in Automotive and the other in Apparel.Shreeaumji Developers Pvt. Shreeaumji Developers Pvt. The company plans to come up with housing and commercial activities in the non‐processing zone. As for the next one year they will concentrate of acquiring the remaining land and getting it approved. But the company will take help from Government if the need should arise.) The land has been acquired by the company itself till now. considers Emaar MGF Land Pvt. Funds are not its problem at present. They already have tie up with Japanese companies. The company finds its strength in the technical expertise of Unitech and its joint venture in automotive sector. 61 .
They have location benefit as they already have a plant in Gurgaon. Gurgaon Another SEZ that has to be constructed at Faruknagar is an Apparel SEZ. (50% has been acquired and 20% is in process of acquisition) The land has been acquired by the company itself till now. the power and water supply will be catered by the government. 62 . they have no problems as such. The company finds its strength in the technical expertise of Unitech. In the beginning.Faruknagar. The company plans to come up with housing and commercial activities in the non‐processing zone. Later on they’ll take up water harvesting. At later stage if need arises then they’ll be taking help from any financial institution. Shreeaumji Developers Pvt. But the company will take help from Government if the need should arise. This single product SEZ has also received in‐principal approval from the Central Government and has acquired almost 70% of the total land. As for the next one year they will concentrate of acquiring the remaining land and getting it approved. Once the master plan gets finalized and infrastructure gets constructed they will start the marketing. Just like Automotive SEZ the area of this SEZ is 250 Acres. Funds are not its problem at present. as their competitor in apparel. considers Orient Craft Infrastructure Ltd. Ltd. But in regard with their marketing of their SEZ. Once it gets formal approval they will start with marketing and housing and commercial activities. It will take around 2 years for the construction work to get over.
811 crore and would provide employment to 24. 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. as area is very large. The company brings together the unmatched experience and expertise of three of India's most reputed business conglomerates: the Essel Group. The group is focused on innovative design. Suncity is having a positive view for the future SEZ market in Haryana. superior standards of construction. customer service and Community values. progressed towards giving an outstanding result.000 people. 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. 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. 16.1 in Ambala. Each project is a showpiece in its category reflecting the highest standards of planning and construction comparable with the very finest in the business. Suncity's IT SEZ envisaged an investment of Rs. the company says that had been given in‐principle nod for a 3. Ltd Suncity Projects Pvt. IT/ITES with an area of 103. The Action Group and The Odeon Builders).000 crore.Suncity Haryana SEZ Developers Pvt. Of suncity’s 2 SEZ in Haryana Region one is Single Product SEZ i. their good delivery record and good customer contacts. Subhash Chandra‐promoted Essel group's Sun City received approvals to set up three zones. While two SEZs are coming up in Haryana. 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. Rajasthan.e. Besides.195 Acre in Gurgaon and another one is a Multi Product with an area of 8093. 63 . 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.
Single Product SEZ “Jhund Sarai. Once it get approval for their Master Plan will go construction part. Suncity is expecting notification for their SEZ within a month. They are going in SEZ just because of the benefits which developers would be getting for developing an SEZ. which will help them in land acquisition. Suncity basically have no interest in SEZ’s. full 100% land has been acquired till date and waiting for its Notification. They have not even thought of competition and competitor. They believe acquiring land is very difficult part in process of developing SEZ. Haryana with principal and formal approval been taken. so they thought it will help them to attract clients for their SEZ. For future they are planning to opt for advertisement to persuade clients for their SEZ. Multi Product “Ambala Haryana” A Multi Product 8093. After being notified they will complete master plan. Suncity thinks that as Gurgaon is IT hub so demand will be more and supply will be less i.e. no land has been acquired till date and waiting for governments policy to be changed. Advertising would be mainly through media channels.1 Acre SEZ going to be developed in Ambala. Their plans for next one year depends on if government helps in acquisition. 64 .195 Acre SEZ going to be developed in Gurgaon. They have not even started with any strategy to attract Clients. For this SEZ Suncity believe they won’t be facing any competition. Suncity at present have no client for their SEZ. They even don’t bother of their In‐principle approval which will expire by next year. Only then they will start with this SEZ otherwise they show no interest in SEZ. They estimate that it would take 2‐3 years to complete with fully functional SEZ. Gurgaon” A IT/ITES 103. No Competition. Suncity opted to have an IT SEZ in Gurgaon because Gurgaon has become an IT hub. They have not planned anything for their SEZ because government policies. Haryana with In‐principal approval been taken.
The project. does not have any definite plans as the government policies are changing. as its major competitors. For the next one year Unitech Haryana SEZ Ltd. This SEZ is located at Village Ghata. 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. HSIIDC will facilitate with the State Govt. near NH‐8. Unitech Group is coming up with a number of SEZs with different SPVs. there is a provision for 10 percent sweat equity for HSIIDC. the state govt. in case the developing agency is unable to acquire the land for any of the phases. Unitech Haryana SEZ Ltd. The project would be set up by special purpose vehicles (SPVs) to be incorporated by HSIIDC and the JV partner companies. 000 crore. In the SEZ. One such kind of SPV is Pioneer Urban Land and Infrastructure Ltd. and timely delivery are the strengths of the company. commercial and institutional utilities. its strong clientele. 35 percent of the total area in this SEZ will be utilised for industrial purpose and the remaining for residential. It is an IT/ITES SEZ having the total land area of 40. The SPVs shall procure the entire land comprising the project site at their cost. Gurgaon. has an employment potential of more than 1. The well established brand name.25 lakh persons directly. 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.48 hectares 65 . to be implemented in phased manner. The clientele for the SEZ has been almost established. The Unitech multi‐product SEZ in District Sonepat is being set up near Kundli over an area of about 10000 acres. However.10. As per the agreements. The company considers DLF Limited and Reliance Industries Ltd. The cost of developing infrastructure in this SEZ would come to around Rs. which is likely to be funded through promoters’ equity and term finance.
and of course. They are in talks with foreign developers and real estate venture funds for equity participation in this project. 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. therefore for the industrial area will be very prove to be very beneficial for a multi‐services SEZ. They are today altering the landscape of Delhi and NCR by building corporate complexes. The strategic placing of SEZ gives it a lot of advantage. The land was acquired when the SEZ policy was not clear. Uppal's SEZ is located at Villages Rathiwas. They are the first developer in the country to have got a gazetted notification for developing a multi‐services SEZ. and would fund the project cost both by internal accruals and debt and the final equity structure would be finalised soon. an obsession with timely completion & delivery. The group will invest an estimated Rs 6. Each of these has been built on the basic principles of hard work. Gurgaon. Distt. Gurgaon. Ltd. Bhodakalan. 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. 66 .500 crore on developing approximately 22 million sq ft of built‐ up space here. Uppal Developers Pvt. Bhudka. Manesar. The detailed master plan for this project is in advanced stage and by July next year the construction work will begin. Haryana. 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). It is a multi‐services SEZ that will host knowledge industries like IT‐ITeS. Ltd Since its inception in 1979. biotech. nanotech and other R&D‐focused operations. All of these bear the stamp of Uppal’s belief in Quality and Perfection. on Main National Highway‐8 approximately 10 Kms towards Jaipur from IMT. is an SPV (Special Purpose Vehicle) of Uppal Housing Ltd. Since IMT Manesar is very close by. commercial complexes and shopping‐cum‐office complexes. robotics. It will take around 8‐10 years to complete the construction. Uppal Developers Pvt.
The group already owns the land for this project. timely payments. own land bank. The company considers that its robust infrastructure (including arterial roads connecting each zone to the national highway and expressway). based MNC. direct road connectivity to the nearest railway track off the Delhi‐Rewari rail line. They are having a tie up with the U.In addition. efficient transportation facilities within the SEZ and to and from Gurgaon city area Environment friendly zone. effective marketing strategy are its strength. 62‐acre SEZ whose site is 3.S. This single‐product SEZ will focus on the IT‐ITES sector. 67 .5 km before Manesar. TCG group. The notification is awaited. The well established brand image of the company facilitates it to attract the clients. it is looking at developing a second.
Gurgaon Haryana. with future in mind. Vipul is developing this IT/ITES SEZ in Gurgaon because of the most common reason of Gurgaon has become an IT hub these days. has agreed to invest 16. Thereafter. Vipul Limited Vipul Ltd.200 crore proposed Special Economic Zone (SEZ) in Gurgaon. an 11‐year‐old real estate developer. Millennium plaza and statesman House. And today they have expanded beyond the real estate business. The company. 68 . has in the past developed such buildings in Gurgaon as Global Business Park and Millennium Plaza (in partnership with Unitech). The company’s commercial portfolio boasts of a number of prestigious complexes that house corporate like Gillette. GTA and Genesis PR. Now they are waiting for it to get notified as they have full 100% land which is required for the development of the SEZ. etc. The total investment in the project is likely to be in excess of Rs 1200 crore. along with its international affiliate Banyan Real Estate. Vipul group says that they are committed to deliver the special needs of their customers. Vipul is also having tie up with Varcovia Bank for investment in the project. Convergys. Vipul Facilities management and Vipul Laing O ‘Rourke. Landmark Holdings of the Dalmia Group. 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. Vipul Groups consist of Vipul Real Estates. 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. Global Business Park.. the company has executed four commercial and four residential projects. Vipul is coming up with a 150 Acre IT/ITES SEZ at Fazilpur & Behrampur Villages. In their world class commercial properties are Vipul Square. The project has received an in‐principle and formal approval from the Ministry of Commerce. Electrolux.5 per cent and take a stake in Vipul's Rs 1.
Vipul say they won’t have to make much of efforts for attracting clients for their SEZ. Vipul is also not very much sure for their SEZ as not yet decided whether to go for SEZ or some other project. Providing quality products and products on reasonable prices are few strength of Vipul’s. But. they also mentioned might be they can come up with something different in this sector. 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. because according to them marketing demand push is low in Gurgaon as compared to any other place. Still they would prefer Media channel promotion for their SEZ. which they feel keeps them ahead of their competitors.Vipul finds DLF Limited to be its major competitor in this sector. 69 .
000 Acre. Conclusion After Conducting the entire survey and analyzing the data collected following conclusions were made: Hypothesis H1 is true.e. Maximum number of Single product SEZs has acquired their land. According to their perception supply would be dominating demand. Raheja Developer’s are coming up with a unique concept for their SEZ. o H1: There is difference among existing SEZs in Haryana. This is because of STPI norm which is providing additional benefits and incentives specifically to IT/ITES companies. Ltd. IT/ITES is the most common single product SEZ in Haryana. Emaar is coming for largest number of SEZs in Haryana i. 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. which is advantageous due to its connectivity with the SEZs. Every company believes that there is a positive future for the SEZ market in Haryana. is the giving biggest competition of Reliance Haryana SEZ Pvt. This will attract IT companies to occupy space in SEZs.e. as they coming up with second largest (20. 10.000 Acre) Multi‐product SEZ in Haryana as compare to Reliance’s SEZ i. DLF Ltd. 70 . Almost all of the Multi‐Products SEZs are at the starting stage of Land Acquisition (10‐25% been acquired). It will expire by 2009. 25. Most of the companies are waiting for the government policies to stabilize. Kundli‐Manesar‐Palwal Highway touches most of the Multi‐Product SEZs in Haryana.
financialexpress. Leather at Agra.com www.org www.in En.aqod.sezindia.indianindustry.com www. on basis of locations specialty for a specific product.com www.expressindia. Food Processing at Kundli.Parsvnath has strategically placed their SEZs.businessworld. Gems & Jewellery at Jaipur etc.wikipedia.meaindia. Websites:‐ • • • • • • • • • • • www.projectsmonitor.com Rediff news & many other NEWS Sites 71 .in www.indianraj. IT/ITES at Gurgaon.in www. Handicraft at Moradabad.com www. For example.nic. Bibliography We referred to various News Papers.nic.com www. News Articles and websites.
Single product _________________(Specify) b. Panipat d. Why this location? __________________________________________________________________ 72 .Annexure‐I QUESTIONNAIRE Analyzing SEZ’s scenario in Haryana Name of Developer: ______________________________________________________________________________ Name of SEZ: ______________________________________________________________________________ 1. Ambala e. Why this Product? ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ 3. Multi Product 2. Jhajjar h. Area in acres: ______________________________________ 4. Gurgaon b. Type of SEZ: a. Sonepat c. Which area of Haryana is the SEZ being developed a. Faridabad g. Palwal f. Any Other (Please Specify)________________________ 5.
Ltd.) in percentage 8. Yes b. Ltd. According to you what is your strength which makes you ahead of your competitors? ______________________________________________________________________________ ______________________________________________________________________________ 11. D. e. Positive b. Suncity Haryana SEZ Developer Pvt. how much land has been acquired till date? ______________________________________(Approx. What would be your Strategy to persuade/attract clients to your SEZ once it is completed? ______________________________________________________________________________ ______________________________________________________________________________ 73 . Whom do you find to be your major competitor? a. No 7. Raheja Haryana SEZ Developers Pvt. i.__________________________________________________________________ __________________________________________________________________ 6. Ltd. j. Any other (Please Specify)_____________________________________________ 10. Negative 9. If yes. f.S. b. g. What in your view would be the future of the SEZ market in Haryana? a. h. Reliance Industries Ltd. What are your plans for the Non Processing Zone? ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ 12. Ltd. DLF Limited c. Ansal Properties and Infrastructure Ltd d. Uppal Developer Pvt. Emaar MGF Land Pvt. Constructions Ltd. Has the principal approval been taken from the Central Government? a. Unitech Haryana SEZ Ltd.
No 14. At present do you have some clients? a. Any plans for power management and water supply? ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ Name of Head: __________________________________ Contact info: __________________________________ __________________________________ 74 . Yes b.______________________________________________________________________________ ______________________________________________________________________________ 13. What would be your business model for the next one year? ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ 15.
Annexure‐II In‐principle Approval 75 .
Formal Approval 76 .
Notifications 77 .
electricity and other services would be provided as required. mandi tax. indicating name and address of the applicant. distance from the nearest sea port / airport / rail / road head etc. if any Whether the Zone will allow only certain specific industries or will be a multi‐product Zone. forward it along with their commitment to the following to the Department of Commerce. 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. octroi. That the units would be given full exemption in electricity duty and tax on sale of electricity for self generated and purchased power.. Can Foreign Companies set up SEZs ? Yes How can one apply for setting up of SEZs ? 15 copies of application. Its area. Government of India: • • • • • • That area incorporated in the proposed Special Economic Zone is free from environmental restrictions. The State Government shall. 78 .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. 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. transmission and distribution of power within SEZ. Details of foreign equity and repatriation of dividends etc. That for units inside the Zone. That water. turnover tax and any other duty/cess or levies on the supply of goods from Domestic Tariff Area to SEZ units. To allow generation. To exempt from State sales tax. Financial details. mode of financing and viability of the project.
electricity. rules and procedures applicable to such SEZ. The proposal incorporating the commitments of the State Government will be considered by an Inter‐ Ministerial Committee in the Department of Commerce. On acceptance of the proposal. a letter of permission will be issued to the applicant. 79 . What is role of State Governments? State Governments will have a very important role to play in the establishment of SEZ. etc. Detailed guidelines on setting up of SEZ in the Private/Joint/State Sector is given in Appendix 14‐II. the States must satisfy themselves that they are in a position to supply basic inputs like water. They shall also comply with industrial and labour laws as may be locally applicable.• That single point clearances system and minimum inspections requirement under State Laws/Rules would be provided. Minimum area of 1000 hectares will not be applicable to product specific and port/airport based SEZs. is consulted while considering the proposal. regulations or bye‐laws in regard to area planning. Are there any terms & conditions for setting up of SEZ ? Only units approved under SEZ scheme would be permitted to be located in SEZ. Such SEZ shall make security arrangements to fulfill all the requirements of the laws. 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. Before recommending any proposals to the Ministry of Commerce & Industry (Department of Commerce). sewerage disposal. The SEZ units shall abide by local laws. pollution control and the like. Representative of the State Government.N of Handbook of Procedures Volume I. an Inland Container Depot (ICD) will be an integral part of SEZs. who is a member of the Inter‐Ministerial Committee on private SEZ. rules. Wherever the SEZs are landlocked.
80 . Vol. Vol. The units are also to execute a bond with the Zone Customs for their operation in the SEZ. 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. 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. educational and recreational facilities on a case to case basis. What is the approval mechanism for the units? All approvals to be given by the Unit Approval Committee headed by the Development Commissioner.1. restaurants and recreation centres on commercial lines. How to set up a unit in SEZ? For setting up a manufacturing. trading or service units in SEZ. Vol.1. 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. Clearance from the Department of Policy and Promotion/Board of Approvals. a Legal Undertaking is required to be executed by the unit with the Development Commissioner. security.1 to be submitted to the Development Commissioner of the SEZ. • • • • • • • • • Income Tax benefit under (80 IA) to developers for any block of 10 years in 15 years. operation and maintenance of SEZs Exemption from Service Tax /CST.What are the facilities Incentive/ Facilities to SEZ Developer? 100% FDI allowed for: (a) townships with residential. Income of infrastructure capital fund/co. 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. For this purpose. (b) franchise for basic telephone service in SEZ. 3 copies of project proposal in the format prescribed at Appendix 14‐IA of the Handbook of Procedures. Authorised to provide and maintain service like water. wherever required will be obtained by the Development Commissioner. Generation. electricity. Duty free import/domestic procurement of goods for development. before the Letter of Intent is issued.1) of Handbook of Procedures.
narcotics and hazardous chemicals. Goods imported/procured locally duty free could be utilised over the approval period of 5 years. atomic substance. for implementation of their project in the Zone without any licence or specific approval. 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. spares. Domestic sales by SEZ units will now be exempt from SAD. Domestic sale rejects and waste and scrap on payment of applicable Custom duty on the transaction value. Income tax: Physical export benefit 100% IT exemption (10A) for first 5 years and 50% for 2 years thereafter. Any company set up with FDI has to be incorporated under the Indian Companies Act with the Registrar of Companies for undertaking Indian operations. consumables. explosive. DG sets etc. 81 . distillation and brewing of alcoholic drinks and cigarettes . all their requirements of capital goods. office equipment. packing materials. 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. by‐products on payment of applicable Custom duty. duty free. Duty free import/domestic procurement of goods for setting up of SEZ units. Domestic sale of finished products. cigars and manufactured tobacco substitutes. raw materials.
desalination plants. Freedom to make overseas investment from it.No cap on foreign investments for SSI reserved items. SEZ units allowed to 'write‐off' unrealized export bills. Central Sales Tax Act: Exemption to sales made from Domestic Tariff Area to SEZ units. Flexibility to keep 100% of export proceeds in EEFC account. Exemption from interest rate surcharge on import finance. Banking/Insurance/External Commercial Borrowings: Setting up Off‐shore Banking Units allowed in SEZs. 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. External commercial borrowings by units up to $ 500 million a year allowed without any maturity restrictions. Freedom to bring in export proceeds without any time limit. Commodity hedging permitted. OBU's allowed 100% Income Tax exemption on profit for 3 years and 50 % for next two years. hotels and non‐polluting service industries in the Coastal Regulation Zone area Exemption from public hearing under Environment Impact Assessment Notification Companies Act: 82 .
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. Enhanced limit of Rs. 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. Exemption from requirement of domicile in India for 12 months prior to appointment as Director. 2. Whether SEZs have been exempted from Labour laws? Normal Labour Laws are applicable to SEZs. 83 . 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. which are enforced by the respective state Governments. 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.4 Crores per annum allowed for managerial remuneration Agreement to opening of Regional office of Registrar of Companies in SEZs.
dated 15. Will the same practice continue at the SEZ? Customs examination is to the bear minimum. State has exempted the sales from DTA to SEZ from local levies and taxes. Who monitor the functioning of the units in SEZ? Performance of the SEZ units monitored by a Unit Approval Committee consisting of Development Commissioner.9.2002). If one buy goods from DTA should they require paying State Sales Tax and Excise? No. Government also controls the operation and maintenance function in the 7 Central Government controlled SEZs. 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. Routine examination of goods by customs in the EOU is common. on annual basis. Are SEZ's controlled by Government? In all SEZ’s. SEZ units function on self certification basis. 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. faced by the units/developer. the statutory functions are controlled by the Government. What is the practical role of Development Commissioner? Development Commissioner is the nodal officer for SEZs and help in resolution of problem. What about the Licenses for Imports? No License is required for imports. if any. In rest of the operation and maintenance are privatised. including second hand machineries. Custom and representative of State Govt. 84 . 4(2)/2002‐ECB.No.
Inter Unit Sales are permitted as per the Policy. Will it be possible to supply to other units in SEZ? Yes. Buyer procuring from another unit pays in Foreign Exchange. 85 .
machinery. agriculture. 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. refractories for initial lining. company. floriculture. firm and such other private or government undertaking. finances. include the person signing the application. Consumables ‐any item. sericulture and viticulture as well as for use in the services sector. either directly or indirectly. builds. The balancing of exports and imports could wholly or partly be in cash. technological upgradation or expansion. form part of the end‐product. Capital goods may be for use in manufacturing. refrigeration equipment. Barter trade or any similar arrangement. which participates in or is required for a manufacturing process. 86 . designs . wherever the context so requires.Annexure‐IV Glossary Applicant ‐The person on whose behalf the application is made and shall. 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. horticulture. Buy Back arrangements. but does not necessarily. BOA ‐The Board of Approval as notified by the Department of Commerce Capital Goods ‐Any plant. equipment or accessories required for manufacture or production. modernisation. of goods or for rendering services. machine tools. pisciculture. A component includes an accessory or attachment to the component. equipment and instruments for testing. who develops. 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. including those required for replacement. goods and/or services. Capital goods also include packaging machinery and equipment. which can directly satisfy human needs without further processing and includes consumer durables and accessories thereof. research and development. Exports/Imports under Counter Trade may be carried out through Escrow Account. Developer ‐A person or body of persons. mining. operates. catalysts for initial charge. Items. animal husbandry. organises. 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. power generating sets. promotes. poultry. aquaculture. will be deemed to be consumables. quality and pollution control. which are substantially or totally consumed during a manufacturing process.
EOU ‐ Export Oriented Unit. Drawback ‐Relation to any goods manufactured in India and exported.Development Commissioner ‐The Development Commissioner of the Special Economic Zone. The goods include imported spares. ITC (HS) ‐ ITC (HS) Classifications of Export and Import Items Book. Export Obligation ‐ The obligation to export the product or products covered by the licence or permission in terms of quantity. if supplied with capital goods manufactured in India. as may be prescribed or specified by the licensing or competent authority. Domestic Tariff Area ‐ Area within India which is outside the Special Economic Zones. 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.1) ‐ The Handbook of Procedures (Vol. DFRC ‐ Duty Free Replenishment Certificate. Licensing Year ‐ The period beginning on the 1st April of a year and ending on the 31st March of the following year. Infrastructure facilities ‐ Industrial. 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). commercial and social infrastructure or any other facility for the development of the Special Economic Zone as notified. Importer ‐ A person who imports or intends to import and holds an Importer‐Exporter Code number unless otherwise specifically exempted. Handbook (Vol.2)" means Handbook of Procedures (Vol. EHTP ‐Electronic Hardware Technology Park.4 of the Policy. means the rebate of duty chargeable on any imported material or excisable material used in the manufacture of such goods in India.1) and "Handbook (Vol.2) published under the provisions of the paragraph 2. Licensing Authority ‐ The authority competent to grant a licence under the Act/Order. value or both. Exporter ‐ A person who exports or intends to export and holds an Importer‐Exporter Code number unless otherwise specifically exempted. 87 .
Notification ‐ A notification published in the Official Gazette. Policy ‐ The Export and Import Policy. NFEP ‐ Net Foreign Exchange Earning as a percentage of exports. A part may be a component or an accessory. polishing. corporation or any other legal person. remaking. Raw material – i. re‐engineering. Re‐conditioning repair. re‐packing. 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. sericulture. 1992 (No. testing calibration. ii. natural. Public Notice ‐ A notice published under the provisions of paragraph 2. 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. horticulture. 88 . labeling. viticulture and mining. MAI‐ Market Access Initiative Merchant Exporter ‐ A person engaged in trading activity and exporting or intending to export goods. pisciculture. poultry. any materials or goods which are required for his manufacturing process. and For a manufacturer. 22 of 1992) or the Rules or Orders made thereunder or under this Policy. Person ‐ An individual. produce. company. assemble.Manufacture ‐ To make. process or bring into existence. Part ‐ An element of a sub‐assembly or assembly not normally useful by itself and not amenable to further disassembly for maintenance purposes. refurbishing.4 of the Policy. Prescribed ‐ Prescribed under the Foreign Trade (Development and Regulation) Act. a new product having a distinctive name. character or use and shall include processes such as refrigeration. floriculture.1). society. shall also include agriculture. animal husbandry. by hand or by machine. unrefined or unmanufactured state. aquaculture. Manufacturer Exporter ‐ A person who exports goods manufactured by him or intends to export such goods. fabricate. 2002‐07 as amended from time to time. Order ‐ An Order made by the Central Government under the Act. basic materials which are needed for the manufacture of goods. firm. but which are still in a raw. Manufacture.
Ships ‐ All types of vessels used for sea borne trade or coastal trade and shall include second hand vessels. 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. Wild Animal‐ Any wild animal as defined in Section 2(36) of the Wildlife (Protection) Act. Services ‐ All the tradable services covered under General Agreement on Trade in Services and earning free foreign exchange. SEZ ‐ Special Economic Zone notified by the Ministry of Commerce & Industry. 1972. SION ‐ Standard Input Output Norms notified by DGFT in the Handbook (Vol.Rules ‐ Rules made by the Central Government under Section 19 of the Act. shipping bills shall indicate the name of both the exporter/manufacturer and exporter(s). 89 . Spares include a component or an accessory. Unit Approval Committee ‐ The Committee notified for Special Economic Zones to consider proposals on matters relating to Special Economic Zone unit under its jurisdiction. Spares ‐ A part or a sub‐assembly or assembly for substitution.Specified‐ Specified by or under the provisions of this Policy. that is ready to replace an identical or similar part or sub‐assembly or assembly. (iv) Supply of a ‘service’ in India relating to exports paid in free foreign exchange. (ii) Supply of a ‘service’ from India to the service consumer of any other country in India. In such cases. 2002‐07/approved by Board of Approval. STP‐ Software Technology Park Third‐party exports ‐ Exports made by an exporter or manufacturer on behalf of another exporter(s). and (iii) Supply of a ‘service’ from India through commercial or physical presence in the territory of any other country. Service Provider ‐ A person providing: (i) Supply of a ‘service’ from India to any other country. Department of Commerce.2).
operation and maintenance of SEZs. 90 .Zone Development Board‐ The Zone Development Board notified for Special Economic Zones to consider matters relating to development.
This action might not be possible to undo. Are you sure you want to continue?
We've moved you to where you read on your other device.
Get the full title to continue reading from where you left off, or restart the preview.