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In Partial Fulfillment of Master of Business Administration (Entrepreneurship & Leadership) By: Mayank Singh
AMITY UNIVERSITY ‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐UTTAR PRADESH‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐‐
AMITY BUSINESS SCHOOL – AU Sector‐44, Noida, UP
Executive Summary Introduction
5 6 7 8 11 13 14 15 16 16 17 18 19 20 20 20 20 20 21 25 25 2
What is SEZ? World’s first SEZ SEZ in India
o Approval mechanism and Administrative set up of SEZs o Incentives and Benefits
o o o o
SEZ policy is special in many ways SEZ Approval Status
Land requirements for approved SEZs Benefits derived from SEZs
Special Economic Zone of China
Objective and Rationale of project Research Methodology
Hypothesis Sample Size
Action plan for data collection Data analysis
o SEZs in Haryana
o Single Vs Multi Product
o Distribution of Products o Major Competitors
26 26 27 28 29 30 31 33 35 39 41 45 46 47 52 54 60 61 63 65 66 68 70
o Company with maximum are to set up SEZ o Maximum No. of SEZ under one company
o Percentage of land acquired by the companies
Ansal IT City and Parks Ltd. Assotech Realty Pvt. Ltd. DLF Limited
D. S. Constructions Ltd. Emaar MGF Land Pvt. Ltd. Luxor Cyber City Pvt. Ltd.
Orient Craft Infrastructures Ltd. Parsvnath Developers Limited
Raheja Haryana SEZ Developers Pvt. Ltd. Reliance Haryana SEZ Pvt. Ltd. Rockman Projects Ltd.
Shreeaumji Developers Pvt. Ltd.
Suncity Haryana SEZ Developers Pvt. Ltd. Unitech Haryana SEZ Ltd. Uppal Developers Pvt. Ltd. Vipul Ltd.
Bibliography Annexure‐I Annexure‐II Annexure‐III Annexure‐IV 71 72 75 78 86 4 .
which received the assent of the President of India on June 23. The new law is aimed at encouraging public‐private partnership to develop world‐class infrastructure and attract private investment (domestic and foreign). secondary data was taken from internet like the list of companies. Also.S. The incentives and benefits provided to SEZs have attracted even those companies which are not into developing field. 5 . exports and employment. The study consisted of primary and secondary data. The result found was that DLF. then the analysis was done. 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. Jai Bharat Maruti and Minda Industries. The SEZ Act has encouraged many companies to undertake setting up of various SEZs all over India. with Reliance Haryana SEZ Pvt. Reliance Industries Ltd. Being new to real estates. those many company’s SEZs are touching KMP highway for connectivity. the size and location of SEZs. Executive Summary To provide a stable economic environment for the promotion of Export‐import of goods in a quick. The SEZ Act and the SEZ Rules. Ltd. contact details etc. Reliance are the major competitors. For example. 2006. Luxor is coming up with its SEZ in Joint Venture with Uppal Developers Pvt. Ltd. they have come up with their SEZs in Joint Venture with well established companies that have experience in the field. starting from Kundli with Unitech’s SEZ and ending at Palwal with D. Once the data was collected. At first. as Reliance coming up with largest SEZ. Construction’s SEZ. 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. boosting economic growth.. Government of India enacted the SEZ Act. as its Special Purpose Vehicle. 2005. Emaar MGF. DLF is coming up with the second Largest SEZ and Emaar with 3 Multi‐Product SEZ in Gurgaon. 2006 (“SEZ Rules”) were notified on February 10. The SEZ Act is expected to give a big thrust to exports and consequently to the foreign direct investment (“FDI”) inflows into India. Ltd. Shreeaumji Developers Pvt. efficient and hassle‐free manner. is in Joint Venture with Unitech Group.
Introduction 6 .
Usually the goal is an increase in foreign investment. provides tax exemption (IT. North Korea has also attempted this to a degree. then only 50% of area is used for setting up plants rest of the area is used to provide housing facilities. multiplexes etc. SEZ are referred to as "Urban Enterprise Zones". In the United States. Puno. malls. sales etc. and Ukraine. Philippines. Jordan. SEZ can be sector specific or multi product SEZ. 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. also known as non‐ processing Zone. All this will help the country's products to become more competitive visa‐a‐versa providing all round development of region. Russia. Excise. Poland. but failed. Also Tax exemption is for specific period say for 10 yrs or so. Govt. customs. Special economic zone is a particular area inside a state which acts as foreign territory for tariff and trade operations. provides employment to people. Peru has been slated to become a "Zona Ecomomica".). It helps in the development of infrastructure of the area around the SEZ. subsidized water and electricity etc. It should be noted that if 100 acres are allotted for SEZ. Iran. Kazakhstan. including India. Special Economic Zones have been established in several countries. 7 . and makes the exports more viable.
Needs included an industrial training centre to train workers in semi skilled tasks and develop supervisory skills. Promotion of International Financial/ IT Services: Shannon Development led the way in the 1960’s in promoting international financial and IT services. a kind of financial services free zone was established in 1987. Today Shannon is still the largest single site concentration of foreign investment in Ireland. The success of these activities at Shannon was observed by others in Ireland and overseas. This Concept has now been extended to create a knowledge network of five smaller technology parks and centers in peripheral locations throughout the region. Later this led to the establishment of a national industrial training authority with Shannon Development’s chief executive as its first chairman. The positive experience of investors at Shannon led to additional FDI throughout the national economy. A new training centre was established within the Free Zone. was established in 1973. was recognized. In 1980 one of the first Innovation Centers in Europe was developed adjacent to the university campus. Technology Development: To attract high quality investment the need for a strong technologically oriented university. The University Of Limerick. Shannon’s chief executive became its first chairman and to forge closer links between the RDA and the university. Training Needs and Facilities: There was close co‐operation from the outset between Shannon Development and the new investors. 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. Ireland’s first technological university. the university president was appointed to the board of Shannon Development. The Dublin International Financial Services Centre. 8 . IDA assisted international IT and financial services projects now employ upwards of 30.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. It has been judged an outstanding success. 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.000 people.
Egypt (1976). This acted as a model for similar plans in other Regions. Taiwan (1965). Shannon Development continues to develop innovative tourist attractions in areas of the Shannon Region outside the influence of the major industrial centres. and various tourism initiatives had a major impact on the surrounding Shannon Region. In order to promote economic activity and spread the benefits of tourism to isolated rural areas. and Sri Lanka (1978) were among the first group of successful zones to benefit from Shannon advice and consultancy inputs. Malaysia (1971). In the last 25 years upwards of 50 countries world‐wide have been assisted. Regional Planning and Development: The airport. innovation centers. The Irish government in 1968 took the logical step of extending Shannon Development’s mandate to include the wider Shannon Region. Shannon Impact in other parts of the Globe From the mid 1960’s onwards developments at Shannon attracted the interest of the wider world. its tourism development and marketing expertise to promote rural development. Rural Development: Shannon Development’s regional responsibility led naturally to an interest in the development of rural areas. In recent years EU structural funds have been used creatively to develop new tourist products such as Kilrush Creek Marina. it developed the rent an Irish cottage scheme. the Tralee Tourism cluster. 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. and continues to use today. Initiatives included small industry estates. Mauritius (1978). Duty Free Shops: The Shannon duty free shop concept has been replicated many times throughout the world. 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. Doonbeg Link’s golf course. It produced the country’s first regional industrial development plan in 1969. It used. Limerick Heritage precinct and others. Free Zones: The Shannon free zone model has been used in many parts of the world. free zone. 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. an enterprise centre network. 9 . Thus Shannon Development became Ireland’s first regional development agency.
The Chinese SEZ concept was developed following a visit to Shannon by a group of Chinese officials in 1976.Special Economic Zones: The Chinese SEZ is the corner stone of the Chinese economic miracle for the last 25 years. When they returned to China they related their Shannon experience to Deng Xiao Ping. 10 . The discussion that followed led to the establishment of the first Chinese SEZ in 1978.
2005. Coming seven years after the world's first SEZ at Shannon in Ireland. Around 800 suggestions were received on the draft rules. more than 500 SEZs have been proposed. The draft SEZ Rules were widely discussed and put on the website of the Department of Commerce offering suggestions/comments. where the first SEZ in India was set up in 1965 called an export processing zone. duties and tariffs. Kandla and the seven other state‐run EPZs‐turned‐SEZs in India have failed to live up to their promise. providing for drastic simplification of procedures and for single window clearance on matters relating to central as well as state governments. a comprehensive draft SEZ Bill prepared after extensive discussions with the stakeholders. SEZs in India functioned from 1. 11 . came into effect on 10th February. 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.2000 to 09. But 40 years on. deemed to be foreign territory for the purposes of trade operations.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.02.11. After extensive consultations. 2005. the SEZ Act. 2006. was passed by Parliament in May. supported by SEZ Rules. Experts say the principal reason for this sorry state of affairs is inadequate infrastructure. Gujarat coast is Kandla. (d) Creation of employment opportunities. (c) Promotion of investment from domestic and foreign sources. (e) Development of infrastructure facilities. and an unstable fiscal regime and with a view to attract larger foreign investments in India. The Special Economic Zones Act. 2005. the Special Economic Zones (SEZs) Policy was announced in April 2000. 2005 which received Presidential assent on the 23rd of June. absence of world‐class infrastructure. 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. 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 Government of India in April 2000 announced the introduction of Special Economic Zones policy in the country. or EPZ. As of 2007. it was the first of its kind in Asia. With a view to overcome the shortcomings experienced on account of the multiplicity of controls and clearances.
Proper policy towards SEZ's with due care being taken for poor farmers will definitely help India to achieve its economic goal. so instead of being a silent spectator. 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. c) Single window clearance for setting up a unit in a Special Economic Zone. 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. Not everyone is happy with these arguments. Tax incentives are the most ulcerative way to attract the private players. India is trying desperately to attract foreign investment so it can create thousands of new jobs. The following are the disadvantages of an SEZ: 1. which is the novel way to utilize the resources of the country. India needs to develop infrastructure and SEZ seems to be the best answer in this regard. 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 different minimum land requirement for different class of SEZs. It’s clear that government lacks in long term funds which could be better used for infrastructure development of the country. b) Single window clearance for setting up of an SEZ. They also argue that SEZs are free of the negative aspects of Indian bureaucracy. 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. 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. d) Single Window clearance on matters relating to Central as well as State Governments. Those who are against it argue that giving tax breaks to SEZs is not a good idea. 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. operation. 2. For doing so. They are also against acquisition of fertile agricultural land as it will make many farmers landless. 12 . SEZ is the only viable option. and maintenance of the Special Economic Zones and for setting up units and conducting business in SEZs. The SEZ Rules provide for: a) Simplified procedures for development.
change in the name of the company or implementing agency. 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. units are allowed to be set up in the SEZ. Once an SEZ has been approved by the Board of Approval and Central Government has notified the area of the SEZ. 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. who is ex‐officio chairperson of the Approval Committee. The Board of Approval has been constituted by the Central Government in exercise of the powers conferred under the SEZ Act. The Approval Committee at the Zone level deals with approval of units in the SEZs and other related issues. Its constitution is as follows: (b) Administrative set up: The functioning of the SEZs is governed by a three tier administrative set up. All post approval clearances including grant of importer‐exporter code number. broad banding diversification. etc. 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 decisions are taken in the Board of Approval by consensus. in case of violation of the conditions of the approval. Each Zone is headed by a Development Commissioner. The Board of Approval has 19 Members. Department of Commerce. The Board of Approval is the apex body and is headed by the Secretary. are given at the Zone level by the Development Commissioner. 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 applicant also has the option to submit the proposal directly to the Board of Approval.3. 13 . Customs Authorities and representatives of State Government. 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.
raw materials.. • No routine examinations by Customs for export and import cargo. • Facility to retain 100% foreign exchange receipts in Exchange Earners’ Foreign Currency Account. from the domestic market. • 100% FDI permitted to SEZ franchisee in providing basic telephone services in SEZs. • Profits allowed to be repatriated without any dividend‐balancing requirement. • No cap on foreign investment for small scale sector reserved items. consumable spares etc. • Job work on behalf of domestic exporters for direct export allowed. • Facility to realize and repatriate export proceeds within 12 months. 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. raw materials. • No import license requirements • Exemption from customs duties on import of capital goods. • External commercial borrowings by SEZ units up to US$500 million in a year without any maturity restrictions through recognized banking channels. consumables. 14 . barring a few sectors. spares etc • Exemption from Central Excise duties on procurement of capital goods. • 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.
‘Export‐ oriented’ economic activities only are permitted (NFE over a five year must be positive) 15 • • .• Subcontracting both domestic and international is permitted. labeling/ repacking. The SEZ will provide high quality. • Exemption from Service Tax • FDI to develop townships within SEZs with residential. The size of the SEZ would be large enough to attract private participation in building infrastructure. businesses will operate under a high quality policy and business friendly regulatory environment free from hassles. this facility is available to jewellery units as well. Under the Union Government’s policy. The SEZ policy is special in many ways: • • • • • The range of permissible economic activities is vast since it covers trading. etc. • Income tax exemption for a block of 10 years in 15 years. operation and maintenance of SEZ. Incentives to Developers • Exemption from duties on import /procurement of goods for the development. 100% foreign ownership is automatically cleared in the manufacturing sector. 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. world‐class infrastructure designed to render costs of production. reconditioning. educational. SEZ provides for unrestricted access to domestic markets (with payment of relevant duties on imports and outputs). logistics and transactions competitive on a global basis. health care and recreational facilities permitted on a case‐to‐case basis. While the SEZ will be insulated from the domestic tariff area in so far as negative influences are concerned. delivery. • Exemption from Central Sales Tax and Service Tax • Facilities to set up off‐shore banking units in SEZs. SEZ units will nonetheless get the much sought after access to domestic markets.
6%). It is interesting to note that out of this total land area. Out of the total land area of 2973190 sq km in India.e. the land in possession of the 63 SEZs notified 16 . other 120‐odd zones have received first‐stage clearance. Further. nine meetings of the Board of Approvals have since been held. 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. In recent months. And these factors need to be an inherent part of the infrastructure of the SEZ. there are other requirements that are important. The land for the 63 notified SEZs where operations have since commenced involved is 8051. States have a key role in organizing the administration of the SEZs.• While development of the SEZ scheme is under the Union Government. it is envisaged that the private sector could play an important role in building and managing the SEZ facilities. where land needs to be acquired. the land already available with the State Governments or SIDCs or with private companies has been utilized for setting up SEZ. Although the Special economic Zones offer a plethora of benefits in terms of the tax exemptions and export promotion incentives. 2006. 126 SEZs have been notified till date. Leaving this to be a provided by either the State or the Central Government would put the clog in the wheel of the development of a State of the Art Facility. and leaving only around 40 proposals pending. In these cases.56 hectares only. total agricultural land is 1534166 sq km (51. While government has granted final approvals to 339 proposals. There is another set of 225 applications which are expected to be rejected since the state government has not supported the proposals. SEZ Approval Status Consequent upon the SEZ Rules coming into effect w. 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.f. the SEZ rush had dried up with only around 25 applications having being received since April 6. 10th February.
(a) Exports from the functioning SEZs during the last three years are as under: Year 2003‐2004 2004‐2005 2005‐2006 Exports(Rs.100. Investment of the order of Rs. These SEZs have so far provided direct employment to 18. Stability in fiscal concession is absolutely essential to ensure credibility of Government intensions. 17 . 4400 crores. 000 crores including FDI of US $ 5 ‐ 6 billion is expected by the end of December 2007. Private investment by entrepreneurs in the SEZs established prior to the SEZ Act is of the order of over Rs. providing direct employment to over 1. Benefits derived from SEZs Benefits derived from SEZs are evident from the investment.71% Projected exports from all SEZs (82) for 2007‐08: Rs. investment of Rs.854(US$ 2996 million) 18. exports and infrastructural developments additionally generated. 13.amounts to approximately 67 sq km only. 500. crores) 13. employment. 67300 crores (b) At present. In the 63 notified SEZs which have come up after 10th February 06.457 persons. about 40% of whom are women.79 lakh persons. 1016 units are in operation in the SEZs.435 crores has already been made in less than one year.000 direct jobs are expected to be created by December 2007. The approximately 300 formal approvals will also cover only around 450 sq km.314(US$ 4075 million) 22840(US$ 5078 million) Growth Rate of exports 39% 32% 24. 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.
Greater independence on international trade activities. SEZs local congress and government have legislation authority. the central government gives SEZs special policies and flexible measures. Special tax incentives 2.Special Economic Zones of China The word "special" mainly means special economic systems and policies. allowing SEZs to utilize a special economic management system. 3. 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. 1. In the China. Construction primarily relies on attracting and utilising foreign capital 2. Primary economic firms are sino‐foreign joint ventures and partnerships as well as wholly foreign‐owned enterprises 3. Economic characteristics are represented as "4 principles": 1. 18 .
what are the sizes of the SEZs. what type of SEZs are they coming up with. the project aims at analyzing the scenario of SEZs coming up in Haryana. Many companies are coming up with their SEZs in Haryana. Therefore. 19 . how many SEZs a company is coming up with. what is their business model for next couple of years. what is the location of SEZs etc. Thus.Objectives and rationale of the Project Analyzing the Scenario of SEZs in Haryana: There is a very big market of SEZ is emerging. current scenario of the companies. we wanted to know what these companies are doing.
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. size. H1: There is difference among existing SEZs in Haryana. 35 . 20 See Annexure‐1 for Questionnaire. location. Secondary data: The addresses. Research Methodology Hypothesis: H0: There is no difference among existing SEZs in Haryana. contact number of companies coming up with SEZs was collected from internet.
Gurgaon 2. Haryana 12. DLF City. Haryana Reliance Industries Ltd. Shikohpur. Yogesh Verma 9. 24 & multi‐product 25A. Gurgaon. IT/ITES 3. No 1 Name of the Location developer Jhajjar. 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.S. City. Villages Kherki Daulla and Sihi. 4. Jahajpur. Lakhnaula. Haryana 3. Haryana 1. Haryana 8.54 1012 8097 10.000 Headed by 2 3 4 D. Village Boda Kalan. DLF multi‐product 6. District Gurgaon 5. Sector 30. DLF Cyber City. Gurgaon IT/ITES 7. Distt Gurgaon 7.06 12. IT/ITES 2. Data analysis: S. Sector No. Distt. Constructions Emaar MGF Land Private Ltd. Gurgaon.14 12. DLF Limited 1. Distt Gurgaon 6. Ashish Zindal 21 . Ambala. Gurgaon IT/ITES 4.73 Mr. Gurgaon. Ph‐1 Gurgaon Type of SEZ Multi‐product Area Hectares 10. Haryana Palwal. 5.
278 3237. Banskusla. Gurgaon 12. Ambala. K.Gurgaon. 8. Gurgaon Sonepat‐Kundli. Gurgaon Convention City Private Limited Bentex Towers Pvt. Gurgaon 11. Haryana IT/ITES Gems & Jewellery 120 40 5 6 M/s. Haryana Multi‐product Electronic Hardware & Software including ITES Multi Product 2000 132 8 1000 9 Village Dhanwapur and Sarai Alawardi. V. Ltd Natasha Housing & Urban Development Ltd. Chaddha 1. Gurgaon. N. Unitech Haryana SEZ Ltd. Distt. Bhupani. Suncity Haryana SEZ Developer Pvt. Gurgaon (Gurgaon) Services 240 10 Multi‐Services 168 22 . Ltd Multi‐product 4000 Mr. Ghatta. Faridabad 10. K. Gupta 7 Raheja Haryana SEZ Developers Pvt. Dharuhera‐Rewari Belt 2.48 Mr. Jhund Sarai. Machigarh. Distt 9. Haryana 12. Naweda Fatehpur. Haryana IT Multi Product 41. Bans Hariya. Ltd 1. Gurgaon 2. Roje Ka Gujjar. Gurgaon Panipat.
Tripathi 15 Ansal IT City and Parks Limited Engineering Goods IT/ITES 100 10. Manesar. District Gurgaon. IT/ITES 60 Mr. Brijesh Bhanote 19 M/s Roseview Infrastructure Developers Limited IT/ITES 44 23 . 10 KM from IMT. K. Ashok Bhayare 13 Multi services 106.93 Mr. Haryana Gurgaon. IMT Manesar. Anil Seth 17 Rockman Projects Ltd. Orient Craft Infrastructure Ltd Uppal Developer Private Limited Shreeaumji Developers Pvt. Gurgaon‐Sohna Road. near Murthal. Haryana Sec‐2. Haryana 1. Kundli. C. Haryana IT/ITES 130 12 Textile 113. Haryana 2. Gurgaon Rathiwas Village. Rajiv Dayal 16 Parsvnath Developers Limited IT/ITES Food Processing Industries 46. Haryana 2. Haryana 1. Gurgaon. Village Bhigan and Kurad Ibrahimpur. Tehsil Faruknagar.11 M/s. Haryana 2. District Gurgaon. Gurgaon 1.S Agrawal 18 Vipul Ltd. Ltd Bandhwari. Orion Infrastructure Pvt. Sonepat. Gurgaon. Dist. Gyan Bansal 14 Automotive Apparel 101 101 Mr. Ltd. Gurgaon.35 Mr.3101 Mr. Sonepat. Multi‐Services 100 Mr. Village Badshapur. Gurgaon Gurgaon. Haryana Delhi‐Jaipur National Highway.13 100 Mr. Tehsil Faruknagar. P. Gurgaon Fazilpur & Behrampur Villages.
Gyan Bansal Biotechnology 17. Naresh Trehan IT/ITES 15.20 21 22 23 24 25 26 28 29 Pioneer Urban Land and Infrastructure Limited Ireo Investment Holding III Ltd. District Gurgaon MediCity.62 10. Ghata. Opp. IT/ITES IT/ITES 40 Mr. Ltd 5th Mile stone. on Gurgaon ‐ Faridabad Road. Haryana IT/ITES 28 Mr. Lalit Goel 30. Luxor Cyber City Pvt. Gurgaon.35 Village Sikohpur. Gurgaon. Haryana Gurgaon Electronic Hardware. Jaju 31. very close to NH‐8 IT/ITES 40. Sector 38.12 Mr. Indrapreet 30 Selecto systems Pvt. Sunwise Properties Pvt. Global Health Private Limited Ascendant Estates Private Limited Assotech Realty Pvt. Gurgaon. Haryana. Fresh Healthcare Pvt. Haryana Gurgaon. Ansals Valley View Apartments.34 24 . Ltd Metro Valley Business Park Private Limited Village Ghata. Behrampur and Balola in District Gurgaon. Ltd.41 Mr. Haryana Main Mathura Road Faridabad Haryana IT 10 IT / ITES 3.2 Gurgaon. Dr. Ltd M/s.48 Mr. Ltd. Haryana Gurgaon IT/ITES IT/ITES 10.
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 .
a Dubai Company for foreign investment. The company plans to provide a medi‐centre. Ansals does not consider any company as its competitor as according to them demand will be more than supply. It shall provide an excellent manufacturing option for setting up of exporting units involved in hand tools. Besides the dedicated manufacturing zone. utensils and other such engineering goods. shops and housing facilities in its non‐processing sector. It considers that its credibility. It will take around3‐5 years to complete the construction. This shall be designed to cater the end requirements of IT/ ITES sector with robust infrastructure and specifications. Residential etc are its strength that keeps its ahead of other players in the market. 31 . Govt. heavy and light machinery. Sohna Road. Sonepat. Gurgaon This project has been planned over 27 acres of land with a built‐up area of approx. Established brand image. auto components. it will also consist of residential options. and its segregation of teams for IT. facilities and other supporting social infrastructure. Strategically located on NH‐1 (village Bhigan & Kurad brahimpur). ft. it will cover an area of approx. Retail. It has pioneered many consumer‐friendly innovations too. It has tie up with D R. The construction work has started and tower work is in progress. 2mn Sq. commercial and industrial construction. The land has been fully acquired. commercial options. Village Badshahpur. it has gained recognition as a premier organization in the field of housing. amenities. Haryana Granted formal approval from Government of India to develop as Engineering Goods sector SEZ. institutional. 40 years of experience. Murthal. An ISO 9001:2000 company. offices.Ansal IT City and Parks Ltd Ansal’s is renowned globally for offering a perfect blend of luxury and comfort. of India has granted Formal Approval to this project.250 acres.
Established brand image. 40 years of experience. 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. this also proves to be beneficial for the company. 32 . The Engineering Goods SEZ is different from IT SEZ in business model. Currently they do not have any specific plans for next year but they will be going for notification for this SEZ. the demand for export of engineering goods is more in this belt therefore apart from above mentioned strengths. Retail. According to Ansals. It considers that its credibility. and its segregation of teams for IT.
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. Laing O’Rourke.K. 38 . After this they would be working on the construction part. doing project monitoring analysis. For the next one year they would be working over infrastructure.The land acquisition process is being carried on along with the designing of the Master plan. based construction company. Construction will be done by a U.
000 hectares (Haryana) and 250 hectares (Himachal Pradesh) respectively with an estimated investment of INR 1. Handicrafts and service sectors such as IT enabled Services (ITES). Sports Goods. Processed Foods. D. Readymade Garments. facilities and services.000 Million and INR 6. Pharmaceuticals.S. This will be done along the lines of some of the internationally known SEZs such as Jebel Ali in Dubai. Shenzhen and Suzhou in China. Gems and Jewellery.000 Million respectively. Both the SEZs will be Multi‐Product SEZs and will cover an area of 5. Haryana The SEZ in Haryana will cover an area of 5. The SEZ shall attract and host a number of units in the manufacturing sector such as Auto Components. The SEZ shall have a dedicated captive power plant exclusively for the units / residents within the zone. 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. etc.000 hectares (12. DSCL is a pioneer in Build Operate Transfer (BOT) infrastructure development and engineering with projects under execution in the Highways. It is estimated that the SEZ at Palwal shall create direct and indirect employment opportunities for over 39 . one in the State of Haryana and the other in the State of Himachal Pradesh. SEZ in Palwal. Engineering Goods. recreational and residential infrastructure. utilities. Expressways & Railway.500 acres) and shall be developed in phases. green areas. internal / arterial roads and walkways and well‐supported by in‐zone utilities and facilities. Electrical and Electronic Goods. The planning and development norms would be comparable to the best in the world and shall provide for open spaces. Hydro Power and now pursuing Privatization of Airports & Ultra Mega Power Projects. Government of India to set up and develop two (2) Special Economic Zones. D S Constructions Ltd. in a short span of 5 years.20. Constructions Ltd. The SEZs shall be developed in an integrated manner catering to business (industrial and commercial) activities facilitated by social. Logistics and Warehousing and Trade Facilitation. has received in‐principle approval from the Ministry of Commerce & Industry. Special Economic Zones.
DSCL considers that their brand name and their money power is their major strength.000 acres shall be allocated for service areas and infrastructure. Under the company’s plans. Handicrafts and Trade and Business Enabling Industries. Garments. The company is not taking any help of the government for acquiring land.1 lakh people and shall go a long way in upgrading the socio‐economic conditions of the populace in the surrounding region. Electrical and Electronic goods. 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. including Auto Components. Gems and jewellery. The remaining INR 2. It plans to build up residential and housing facilities in 3.750 acres whereas 375 acres shall be allocated for Commercial purposes while the remaining 5. Reliance Industries Ltd. Value addition processing units. Food Processing. DSCL. administration blocks and inland container depot etc. 40 . such as open spaces. green areas. Printing and Publication. Till date approximately 30‐40% of land has been acquired by the company. Pharmaceuticals. The company plans to dedicate 60 per cent of the area for industrial. residential and also commercial purposes whereas rest would be utilising for developing infrastructure.250 acres would be utilised for setting up of Light Industrial Units.500 crore for land acquisition and INR 4. nearly 4. is their major competitor as told by the executive. public utilities. toys and sports goods.750 crore would be utilised for other related areas. They focus on providing a comfortable environment to their clients.750 Crores on developmental activities. roads and walkways. 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. It is purchasing the land directly from the farmers utilizing all of its resources.
A collaboration that has brought in the largest FDI in India’s real estate space and opened up the horizons of tomorrow. Emaar MGF says that they have brought the largest‐ever FDI in the real estate sector in India. hospitality. Emaar MGF has also floated a 50:50 joint venture with Australian construction major Leighton Asia to execute projects worth $2. Emaar MGF believes that there is a positive future for SEZ market in Haryana. recycling and green buildings. to set up 1. Emaar MGF is coming up with around 10 SEZs in Haryana. education. Auto Ancillary and Gems & Jewellery) 41 . 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. The marketing strategy to attract clients for their SEZs is they planning to invite the best companies in the specific product category. For power management and water supply they are looking at various options i. among India’s leading real estate developer. energy efficiency. one of the world’s leading real estate company and MGF Development Limited. This partnership promises to usher in a real estate revolution in India with the development of world class townships across the country. According to them their strength is their international standards in handling projects and their ability to take on big scale projects. Emaar MGF Land Private Limited is a joint venture between Emaar Properties PJSC Dubai. The joint venture has earmarked an initial investment of $150 million for the first three years. Ltd.5 billion in India over the next five years. healthcare and IT parks and special economic zones (SEZs). global leaders in economy and budget hotels. Emaar‐ MGF has also tied up with Accor. Emaar MGF is engaged in Pan‐India projects includes nine special economic zones (SEZs) and 50 hospitals.000 budget hotels in India under the brand name Formule 1 in the next 10 years. commercial and retail.Emaar MGF Land Pvt. This includes three Multi Products and seven Single Products (Five IT/ITES.e. Emaar‐MGF says that their projects lined up in the joint venture were in six verticals ‐ residential. At present also they do have few clients for their SEZs.
For the business model of coming years some of their financial details are: a.25 Crores 3.15 Crores 42 . drainage. In‐principle and formal approval has been taken for these SEZs. For the business model of coming years some of their financial details are: a. water supply. etc ‐ Rs 27.5 Acre for residential purpose and 5 Acre of land for commercial activities in their Non‐Processing zone. Cost of Land and Development – Rs 42. 1. Rain water harvesting. Cost of Land and Development – Rs 150. Sewage treatment Plant. Company is working on land acquisition part.5 Acre for residential purpose and 25 Acre of land for commercial activities in their Non‐Processing zone. Sewage treatment Plant. 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.50 Crores b. etc ‐ Rs 84 Crores 2.10 Crores 4.5 Acre for residential purpose and 7 Acre of land for commercial activities in their Non‐Processing zone. Company is waiting for the notification. Rain water harvesting. etc ‐ Rs 8. Villages Kherki Daulla and sihi. Rain water harvesting. Gurgaon with a 600 Acre area: For this SEZ 50% land has been acquired by now. Shikohpur. Boundary walls. They have planned to set up 17. water supply. They have planned to set up 210 Acre for residential purpose and 60 Acre of land for commercial activities in their Non‐Processing zone. roads.50 Crores b.Single Product IT/ITES SEZs Emaar MGF is coming up with five IT/ITES SEZs in Haryana and all are going to be developed in Gurgaon. For the business model of coming years some of their financial details are: a. water supply. Company is working on land acquisition part. They have planned to set up 24. Boundary walls. Boundary walls. Company is working on land acquisition part. Gurgaon with a 250 Acre area: For this SEZ 30% land has been acquired by now. Sewage treatment Plant. For the business model of coming years some of their financial details are: a. roads. At Gurgaon with a 70 Acre area: For this SEZ full 100% land has been acquired. drainage. Cost of Land and Development – Rs 30. drainage. Company is working on land acquisition part for all these SEZs. Cost of Land and Development – Rs 480 Crores b. Gurgaon with a 50 Acre area: For this SEZ 95% land has been acquired by now. Lakhnaula. They have planned to set up 87. roads.
Boundary walls.5 Crores 5. Company has planned to set up 35 Acre for residential purpose and 10 Acre of land for commercial activities in their Non‐Processing zone. They have planned to set up 105 Acre for residential purpose and 30 Acre of land for commercial activities in their Non‐Processing zone.b. Rain water harvesting. roads. For this SEZ 76% land has been acquired by now. roads. Gurgaon. Sewage treatment Plant.5 Acre for residential purpose and 25 Acre of land for commercial activities in their Non‐Processing zone. etc ‐ Rs 42. Gurgaon. In‐principle and formal approval has been taken for these SEZ.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. For the business model of coming years some of their financial details are: 43 . drainage. Cost of Land and Development – Rs 241 Crores b.25 Crores b. In‐principle and formal approval has been taken for these SEZ. Rain water harvesting. Sewage treatment Plant. drainage.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. Company is working on land acquisition part. water supply. roads. water supply. For the business model of coming years some of their financial details are: a. 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. Bans Hariya. etc ‐ Rs 14. Company is working on land acquisition part for this SEZ. Boundary walls. Company is working on land acquisition part for this 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. Rain water harvesting. Company has planned to set up 87. Sewage treatment Plant. For this SEZ 95% land has been acquired by now. water supply. Boundary walls. drainage. Cost of Land and Development – Rs 80. For the business model of coming years some of their financial details are: a. etc ‐ Rs 5. Gurgaon with a 300 acre area: For this SEZ 35% land has been acquired by now.
Village Boda Kalan. Boundary walls.000 Acre area: For this SEZ 5% land has been acquired by now.6 Crores b. etc ‐ Rs 262 Crores 44 . Faridabad with a 2500 Acre area: For this SEZ 50% land has been acquired by now. Gurgaon with a 5000 Acre area: For this SEZ 25% land has been acquired by now.a. drainage. roads. They have planned to set up 4000 Acre for residential purpose and 2000 Acre of land for commercial activities in their Non‐Processing zone. They have planned to set up 2000 Acre for residential purpose and 1000 Acre of land for commercial activities in their Non‐Processing zone. of which two in Gurgaon and one in Faridabad. Rain water harvesting. drainage. etc ‐ Rs 34. Cost of Land and Development – Rs 3010 Crores b. Sewage treatment Plant. roads. etc ‐ Rs 514 Crores 3. Company is working on land acquisition part. Cost of Land and Development – Rs 1500 Crores b. Cost of Land and Development – Rs 200. Sewage treatment Plant. Gurgaon with a 10.7 Crores Multi Products SEZ Emaar MGF is coming up with 3 SEZ in Haryana. etc ‐ Rs 1028 Crores 2. Cost of Land and Development – Rs 6020 Crores b. Rain water harvesting. 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. Machigargh. Company is working on land acquisition part. Rain water harvesting. Boundary walls. Boundary walls. In‐principle and formal approval has been taken for these SEZ. For the business model of coming years some of their financial details are: a. Sewage treatment Plant. water supply. Company is working on land acquisition part. water supply. 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. Sewage treatment Plant. Jahajpur. Bhupani. Boundary walls. Rain water harvesting. roads. Company is working on land acquisition part for all this SEZ. water supply. 1. drainage. roads. water supply. For the business model of coming years some of their financial details are: a. For the business model of coming years some of their financial details are: a.
housing. Ltd. operations and strategic partnerships. Luxor Group has got a nod for the Gurgaon SEZ (Special Economic Zone) to be called Luxor Cyber City. 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. In tune with the current trend. luxury hotels. In a bid to promote the diversification move. Luxor Cyber City Pvt. hospitals. 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 facilities provided would be housing apart from the IT space. entertainment zones among other essential services. office complexes. 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. 45 . A Cyber City. The SEZ land is located at Village Sikohpur. a corporate developer & builder with three decades of industry experience and more than 500 projects to its credit. The project is aims at concentrating on the IT and IT Enabled Services (ITES) companies. the Luxor Group has diversified into real estate development in 2003 and tied up with the renowned Uppal Group. the Luxor Group has made huge investments in commercial real estate development and acquired suitable land for such premium projects as cyber cities. 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". commercial plazas and Special Economic Zones (SEZs). The Group is also developing an ultra‐modern Special Economic Zone (SEZ) in the NCR to help serve diverse industry segments. supporting infrastructure such as. Gurgaon and it spread over an area of 28 hectares. restaurants. schools.
500 crore will come from these hotels and other companies. In the official Master plan 2021 a total of 4. and Ralph Lauren. and commercial area. The `boutique SEZ' will house specialty players of the textile industry and is expected to provide employment to about 30. The company has a partnership with Europe's s. Other than Oliver. Oliver. The partnership entails setting up of retails stores in metros and other major cities in the next five years. institutional. clientele all across the world and its financially sound position is its strength and motivates it to venture into SEZs. The other two phases are proposed to be completed by 2010 end and will also house some power companies and hotels. Banana Republic. residential. 46 .000 people.Orient Craft Infrastructures Ltd. They intend to come up with a unique product. Marks & Spencer. The SEZ will be having industrial. among others. Tommy Hilfiger. a retailer of garments and lifestyle products.570 hectare is allocated to the SEZ. They have acquired 460 acres of land for the purpose and will expand it to 750 acres. Part of the rest of the investment of Rs 1. The company finds that its experience in garments. Orient Craft boasts of a long list of international clientele including Gap. Mr. The project will take around 4 years to complete and by October this year the construction work will begin. 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. 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. Sudhir Dhingra.000 crore. Garment exporter Orient Craft Ltd (OCL) plans to develop a 650‐acre textile Special Economic Zones in Gurgaon with an investment of Rs 2.
Agra is famous for leather so they are setting up a leather SEZ at Agra. Food Processing SEZ at Sonepat and so on. They have placed their SEZs according to the specialty of the area like for example. similarly Gems & Jewellery SEZ at Jaipur. Moradabad is famous for Handicraft so a Handicraft SEZ at Moradabad. the Delhi‐based real estate developer is one of the leading real estate development companies in India with operations in 41 cities and 14 states. Sonepat. Parsvnath has been very innovative while placing their SEZs in India. makes them ahead of their competitors. One is 250 Acre IT/ITES SEZ at Gurgaon‐Sohna Road Gurgaon and another one is 250 Acre Food Processing SEZ at Kundli. Haryana. Parsvnath so believe that early move advantage. 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. Strength of Parsvnath: • • • • Robust land bank at emerging locations Reputed developer Well knitted marketing web Diversified business model Parsvnath is coming up with 9 SEZ all over India. IT/ITES SEZ Gurgaon This is a 250 Acre SEZ. Parsvnath is having two SEZs in Haryana. 47 . This will make IT companies to opt for SEZs because of several incentives and tax benefits. In‐principal and formal approval has been take for the SEZ. They believe that they won’t be facing any competition as by 2009 STPI norm is going to end due to which all the companies won’t be able to utilize the Tax benefits.Parsvnath Developers Limited Parsvnath Developers. IT/ITES SEZ at Gurgaon.
49 . share plans and demonstration are few strategies that company will be performing for persuading clients for their SEZ.Road shows. Company will depend on Government for power and water. According to them it will take near about 2‐3 year complete. Company has even planned housing. Company is basically waiting for notification after that they will be working over Master Plan approval and its construction. commercial and malls for their non Processing Zone.
In‐principal and formal approval has been take for the SEZ. Company has acquired 50‐80% of land till yet. According to them it will take near about 2‐3 year complete. share plans and demonstration are few strategies that company will be performing for persuading clients for their SEZ. Parsvnath so believe that early move advantage. Company has even planned housing. They believe that they won’t be facing any competition as they would be having monopoly in this sector. makes them ahead of their competitors. Road shows.Food Processing SEZ Kundli. commercial and malls for their non Processing Zone. 51 . Company will depend on Government for power and water. brand name and experience in developing several infrastructures like DMRC’s project. as no other developer is coming up with the same SEZ. Sonepat This is a 250 Acre 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.
The group is coming up with two SEZs in Haryana: one in multi‐product and the other in Electronic Hardware & Software including ITES. The facilities provided in the SEZ would be housing for the workers. Publication. They were the first in SEZ market to get in‐principal approval from the Government Ghatta. The area of this single product SEZ is 330 acres which has been acquired fully. Mutual Funds. the construction work will begin. Retail. Software development and Petrochemicals. Insurance. The group has ventured into SEZ by the name of Raheja Haryana SEZ Developers Pvt. Hospitality. In this endeavor they have spread their scope from Real Estate to Building materials. Health and beauty. Cable TV. Ltd.Raheja Haryana SEZ Developers Pvt. The group is expecting the notification in a short time. Gurgaon. Location of the land and the strategy to make farmers their partners are strengths of the group. Ltd. hotels. they think DLF Limited and all up coming small companies will give them competition. the supply of IT services will be not adequate to fulfill the demand in future. recreational activities etc. In their view. 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. Ltd is coming up with a single product SEZ in Electronic Hardware & Software including ITES SEZ in Ghatta. Automotive batteries. According to Raheja’s. 52 . As Gurgaon is developing as IT hub. The power and water supply will be taken by the government. Gurgaon Raheja Haryana SEZ Developers Pvt. Therefore. Food. As soon as they get the notification. 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. Competition is bound to be there. therefore Raheja selected Gurgaon in NCR for the construction of IT SEZ.
They plan to purchase the land directly from the farmers and in return make them partners in the company. The major competitors. At later stage. The SEZ will come under industrial area once it expands.By next year. Ltd. Gurgaon near Delhi‐Jaipur railway line. recreational activities. The Central Government has given principal approval for the SEZ and till date 5‐10% land has been acquired. The Rajan Raheja Group is coming up with SEZ in Dharuhera‐Rewari Belt. The group considers that the land of its SEZ is the best located land in Palwal. Raheja Haryana SEZ Developers Pvt. According to executive whom we interviewed. it will take around 20 years for a fully operational multi‐product SEZ. Once this is done construction part will start. The placing of this multi‐product SEZ has been done keeping in mind the expansion of Gurgaon City. housing facilities for workers. Dharuhera‐ Rewari Belt With a positive view of the SEZ market in Haryana. etc. hotels. The plans for this SEZ include rain water harvesting. 53 . the company plans to prepare the master plan for the SEZ and simultaneously look for foreign investors. are DLF Limited and Reliance Industries Ltd. setting up of harvesting plants. The construction of multi‐product SEZ will start on the similar lines once IT/ITES SEZ becomes fully operational. The SEZ will be spread across an area of 5000 acres and will be a multi‐product SEZ. Raheja’s plan to advertise through various media channels. They have a unique way of working on SEZs. corporate farming. Yet it considers the placing of its SEZ as its strength. they will be deciding which specific mode of advertising will be used to attract clients. according to the group. They also intend of providing employment to at least one member of the farmers’ family and share some percent of profits with them. electricity production through wind mills. For the next couple of years main emphasis will be on acquisition of land.
Ambani (1932‐2002). Reliance Industries has been ranked at number 417. is India’s largest business house having activities that span exploration and production (E&P) of oil and gas.9% of Government of India’s indirect tax revenue 4. Reliance Industries Limited Reliance Industries Limited. petrochemicals (polyester. 12. textiles. 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.7% of India’s total Exports 7. refining and marketing. polymers and intermediates). Following are the some of the key financial indicators‐ Turnover Gross Profit Cash Profit Reliance Contributes‐ 7. Indian Petrochemicals Corporation Ltd. for the fourth successive year in a TNS Mode Survey for 2004.5% of the total market capitalization 11% weightage in the BSE Sensex 8% in the Nifty Index The Reliance Group Companies include: Reliance Industries Limited.8 Billion . Reliance emerged as India’s Most Admired Business House.261 Crores Rs.087 Crores USD 16. issue dated 25th July 2005.3 Billion USD 2. founded by Dhirubhai H. The company exports its products to more than 100 countries the world over.7 Billion USD 3. processes and systems.Reliance Haryana SEZ Pvt. In the Fortune magazine list of the Top 500 global corporations. and Reliance Life Sciences Limited. 54 Rs 73. 14. 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. Ltd. up from 482 in 2004.164 Crores Rs.
The National Capital Region includes Delhi and its satellite towns. 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. One third of Haryana is part of the NCR plan. Panipat and Faridabad are some of the key districts that have to be developed as part of the NCR. The development of shopping malls. The SEZ should be able to attract MNC developers as investors also.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 60.000 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. the norms and standards behind the configuration of infrastructure will be kept as high as possible. It has many multinationals as well as National Companies shifting and establishing their headquarters in the City. Gurgaon. In the last decade economic development has taken place in the suburbs of Delhi NCR. as per Reliance’s internal policies. To this end. 55 . Rohtak. 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. commercial and residential infrastructure has been tremendous but there is still a lot to be desired.
000 hectares (25. The Focus of the SEZ will be on development of non/low‐polluting medium and large industries. Unregulated flow of traffic. It is for this reason that the plan will emphasize on the internal development of roads. The proposed Special Economic Zone will function as an integrated package with all the required facilities. are not designed to cater to the overflow of the traffic that is coming in from Delhi. Locating the Reliance SEZ The intention is to build a fully integrated multi product economic zone. 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. It is proposed to have a Rail Line within the SEZ along with an International Container Depot. as also trading and services. and its continued growing needs. 56 . 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. 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. power generation and supply and sewerage.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. Roads though wide. Adequate development of external infrastructure such as full development of connectivity to the KMP expressway. The size of the SEZ will be in excess of 10.000 acres). which will ensure sustainable development of medium and large scale industries and service activities with sufficient provision for future growth and expansion. 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. National Highway (NH 8) will also be of equal importance. 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. 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. It is proposed by the Haryana government to extend the Metro Link from Delhi to Manesar. resulting in traffic.
While planning the SEZ development. electricity. Rail links as well as a bustling economic activity mix. rules and regulations in regard to area planning. restaurants. be subject to the local laws. especially for a fast expanding region of the NCR. The SEZ units would. Facilities for Industrial Waste Management (collection. sewerage disposal. The size must cater to the demands of the growing new economic initiatives. Amenities such as clubs. Although as per present government regulations the minimum size of SEZ should be 1000 hectares. 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. etc. pollution control and the like. auditorium. family entertainment centers. certain communal‐level facilities will have to be provided such as‐ Amenities in the form of landscape features such as open green areas. Besides. and it is expected that a single authority clearance for all matters is created. recreation centers. on commercial lines.SEZ Master Plan‐ General Considerations The entrepreneurs who will set up industries in the SEZ would undoubtedly have their own individual requirements. with complete amenities such as Airport. etc. 57 . community halls. etc. green belts as a part of arboricultural scheme. Besides. the global experience as well as per the experience of expanding cities indicates that the size of the land must be such that it can cater to development of a fully integrated city. ICD. However. green buffers along the peripheral. sewerage etc. the Master Plan will provide for:‐ Availability of services like security. the following factors will be taken into account: SIZE: Size of the SEZ is an important issue. water. the Master Plan must provide for availability of built‐to‐use design factories and flatted factories according to the customer’s requirement. processing and disposal) Availability of labor at reasonable cost.
Transportation: The Mater Plan will lock at the transport linkages. national as well as international linkages for freight movement.000 Acres) Layout: The whole area will be suitably divided into a number of identified activity centers of different sizes. The plan will have to take into account the linkages with the NH 8. need advance planning. Integration of the financial aspects with physical planning aspects is the most important factor for success in implementation. As the SEZ requires regional. The Master Plan would take into account the relevant aspect of the management of the entire SEZ and the city. 58 . etc. Rail linkages. Advance planning can substantially reduce the problems arising from maintenance of infrastructure. Services and amenities: The Master Plan will take into account planning for services and amenities.000 Hectares (25. Management: Various aspects such as monitoring of the polluting control norms and standards control over goods. as it is a multi‐ modal transport interchange mode. It is advisable to develop standardized modules of the plots within the proposed activity mix. storage and handling of industrial waste. This will automatically allow flexibity in planning to accommodate future development. common effluent treatment. 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. Advance planning of services and amenities avoids problems of administration later. KMP Expressway. it generates a lot of traffic.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. Delhi enjoys the advantages of an advantage of an ideal location at the regional level. In addition the layout will be developed with complete understanding of the phasing program.
institutions. World class infrastructure.Benefits of the Reliance SEZ Benefits to the citizens of Haryana • • • • • Benefits to the State of Haryana • • • • • Benefits to the Units • • • • • • • • 59 100% FDI allowed Income Tax rebate on investment in SEZ Exemption from Income tax Exemption from electricity duty and taxes on sale of self‐generated and purchased power Stamp Duty exemption Exemption from Service and Value Added Tax Exemption from Customs duties Single Window Clearances Transfer of technology Significant investment in the state SEZ ICD to benefit surrounding geographic area Planned development for quality of life Benefits to units by forward and backward linkages in SEZ Establishment of world class city High quality of life in the SEZ Huge employment opportunities Access to international standard Facilities like Rail. recreation centers. Airport etc. offices at one place .
Advertising & Marketing Services. making of the Project Report. Metal & Coal. Professional Services. Construction and related services. Manesar spread over an area of 250 acres. Management Consultants will be teaming up with Rockman to liaison with various Government Bodies for necessary permissions etc. Financial. Ernst & Young. Debt and Equity Funding etc. Environmental. Recreational. Ltd. Macro Economic Analysis) work out feasibility in Joint Venture participation. The land has already been acquired fully and the in‐principal approval been taken by the Central Government. They will assist Rockman in Master Planning. Architecture & Landscape. Hospital. as its competitor. Breweries. Design. 60 . Technical Development and implementation of the master plan. In Multi services SEZ that is coming up at Delhi‐Jaipur National Highway. Setup. and Real Estate etc. Educational. Established over two decades back Rockman Group has had diverse business interests including Imports. CB Richard Ellis Professional Consultants will carryout Market Study (analysis of Location Dynamics. The company considers Uppal Developer Pvt. Within 2 months formal approval will be taken and by the year end the company will get its land notified. Biotechnology and Entertainment services etc can be set up. Trading and Warehousing services. Investment services.Rockman Projects Ltd. Project Structuring. Tourism. Infrastructure Engineering Services. 10 km from IMT. Demand Assessment and Development Planning. Rockman has also joined hands with some of the World's best names to support its new initiative. These include its technical partners. Then construction work will start which will take about 18 months to complete. Jurong International Group‐ Singapore is one of the largest SEZ developers in the world with a presence in 29 countries and 104 cities. Computer Software Services.
Shreeaumji Developers Pvt. The company is coming up with two SEZs in Gurgaon: one in Automotive and the other in Apparel. Ltd. they have no problems as such. The area of this SEZ is 250 Acres. They have location benefit as they already have a plant in Gurgaon. 61 . The CEO of Shreeaumji Developers Pvt. has been an employee of Unitech Group. They already have tie up with Japanese companies. Gurgaon The SEZ to be constructed at Faruknagar is an Automotive SEZ. It will take around 2 years for the construction work to get over. At later stage if need arises then they’ll be taking help from any financial institution. Shreeaumji Developers Pvt. Ltd. In the beginning. He started this venture with the help of the two companies.Shreeaumji Developers Pvt. But in regard with their marketing of their SEZ. As for the next one year they will concentrate of acquiring the remaining land and getting it approved. This company is a Joint Venture of Unitech Group.) The land has been acquired by the company itself till now. Faruknagar. This single product SEZ has received in‐principal approval from the Central Government and has acquired almost 70% of the total land. The company finds its strength in the technical expertise of Unitech and its joint venture in automotive sector. (50% has been acquired and 20% is in process of acquisition. is a new entrant in the market of SEZ. And once the master plan gets finalized and infrastructure gets constructed they will start the marketing. Later on they’ll take up water harvesting. The company plans to come up with housing and commercial activities in the non‐processing zone. the power and water supply will be catered by the government. Once it gets formal approval they will start with marketing and housing and commercial activities. Ltd. Ltd. Jai Bharat Maruti and Minda Industries. It al ready has a tie up with Nissan. as their competitor. But the company will take help from Government if the need should arise. Funds are not its problem at present. considers Emaar MGF Land Pvt. Ltd.
They have location benefit as they already have a plant in Gurgaon. Funds are not its problem at present. considers Orient Craft Infrastructure Ltd. Once it gets formal approval they will start with marketing and housing and commercial activities. But in regard with their marketing of their SEZ. The company plans to come up with housing and commercial activities in the non‐processing zone. But the company will take help from Government if the need should arise. (50% has been acquired and 20% is in process of acquisition) The land has been acquired by the company itself till now. Just like Automotive SEZ the area of this SEZ is 250 Acres. the power and water supply will be catered by the government. As for the next one year they will concentrate of acquiring the remaining land and getting it approved. 62 . Once the master plan gets finalized and infrastructure gets constructed they will start the marketing. they have no problems as such. The company finds its strength in the technical expertise of Unitech. It will take around 2 years for the construction work to get over. Ltd. Later on they’ll take up water harvesting. Shreeaumji Developers Pvt. This single product SEZ has also received in‐principal approval from the Central Government and has acquired almost 70% of the total land. Gurgaon Another SEZ that has to be constructed at Faruknagar is an Apparel SEZ. as their competitor in apparel. At later stage if need arises then they’ll be taking help from any financial institution. In the beginning.Faruknagar.
Of suncity’s 2 SEZ in Haryana Region one is Single Product SEZ i. Suncity is having a positive view for the future SEZ market in Haryana. 63 . While two SEZs are coming up in Haryana.000 crore.000 people. Rajasthan. one is planned in Neemrana. Subhash Chandra‐promoted Essel group's Sun City received approvals to set up three zones.000 hectare multi‐ product SEZ near Ambala that entailed an investment of about Rs. Ltd Suncity Projects Pvt. 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. the company says that had been given in‐principle nod for a 3. Suncity believes that strength which keeps Suncity ahead of their competitors is its sound promoters (The Essel Group. but are less focused towards it because of the difficulties in acquisition of land. 811 crore and would provide employment to 24. Suncity's IT SEZ envisaged an investment of Rs. the Action Group and the Odeon Builders. progressed towards giving an outstanding result. their good delivery record and good customer contacts. customer service and Community values. The group is focused on innovative design. 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. Each project is a showpiece in its category reflecting the highest standards of planning and construction comparable with the very finest in the business. IT/ITES with an area of 103. The Action Group and The Odeon Builders).e. superior standards of construction. as area is very large. Besides.Suncity Haryana SEZ Developers Pvt.1 in Ambala. The company brings together the unmatched experience and expertise of three of India's most reputed business conglomerates: the Essel Group. Suncity Projects foresees a spectrum of assignments ranging from complete township to high rise apartment complexes to giant shopping malls to amusement parks. With break ‐through technologies and development mediums the group has with every step.195 Acre in Gurgaon and another one is a Multi Product with an area of 8093. 16.
Suncity basically have no interest in SEZ’s.195 Acre SEZ going to be developed in Gurgaon. Suncity thinks that as Gurgaon is IT hub so demand will be more and supply will be less i. full 100% land has been acquired till date and waiting for its Notification. They have not even thought of competition and competitor. No Competition. Gurgaon” A IT/ITES 103. They even don’t bother of their In‐principle approval which will expire by next year. Suncity is expecting notification for their SEZ within a month.Single Product SEZ “Jhund Sarai.1 Acre SEZ going to be developed in Ambala. Multi Product “Ambala Haryana” A Multi Product 8093. After being notified they will complete master plan. Haryana with principal and formal approval been taken. Only then they will start with this SEZ otherwise they show no interest in SEZ. They have not planned anything for their SEZ because government policies. Their plans for next one year depends on if government helps in acquisition. They estimate that it would take 2‐3 years to complete with fully functional SEZ. For future they are planning to opt for advertisement to persuade clients for their SEZ. no land has been acquired till date and waiting for governments policy to be changed. They have not even started with any strategy to attract Clients. 64 . which will help them in land acquisition. For this SEZ Suncity believe they won’t be facing any competition. Haryana with In‐principal approval been taken. Advertising would be mainly through media channels. Suncity at present have no client for their SEZ. They are going in SEZ just because of the benefits which developers would be getting for developing an SEZ. Once it get approval for their Master Plan will go construction part. so they thought it will help them to attract clients for their SEZ. Suncity opted to have an IT SEZ in Gurgaon because Gurgaon has become an IT hub. They believe acquiring land is very difficult part in process of developing SEZ.e.
The project would be set up by special purpose vehicles (SPVs) to be incorporated by HSIIDC and the JV partner companies. its strong clientele. The Unitech multi‐product SEZ in District Sonepat is being set up near Kundli over an area of about 10000 acres. there is a provision for 10 percent sweat equity for HSIIDC. It is an IT/ITES SEZ having the total land area of 40.48 hectares 65 . 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. 35 percent of the total area in this SEZ will be utilised for industrial purpose and the remaining for residential.25 lakh persons directly. has an employment potential of more than 1. The project. The well established brand name. as its major competitors. 000 crore. The cost of developing infrastructure in this SEZ would come to around Rs. HSIIDC will facilitate with the State Govt. As per the agreements. In the SEZ. The clientele for the SEZ has been almost established. the state govt. to be implemented in phased manner. commercial and institutional utilities. Gurgaon. in case the developing agency is unable to acquire the land for any of the phases. 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. The SPVs shall procure the entire land comprising the project site at their cost. does not have any definite plans as the government policies are changing.10. Unitech Group is coming up with a number of SEZs with different SPVs. For the next one year Unitech Haryana SEZ Ltd. and timely delivery are the strengths of the company. The company considers DLF Limited and Reliance Industries Ltd. which is likely to be funded through promoters’ equity and term finance. This SEZ is located at Village Ghata. near NH‐8. Unitech Haryana SEZ Ltd. One such kind of SPV is Pioneer Urban Land and Infrastructure Ltd. However.
They are today altering the landscape of Delhi and NCR by building corporate complexes. Gurgaon. Each of these has been built on the basic principles of hard work. Haryana. on Main National Highway‐8 approximately 10 Kms towards Jaipur from IMT. 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). and of course. an obsession with timely completion & delivery. Ltd Since its inception in 1979. Bhodakalan. All of these bear the stamp of Uppal’s belief in Quality and Perfection. robotics. The group will invest an estimated Rs 6. It is a multi‐services SEZ that will host knowledge industries like IT‐ITeS. They are the first developer in the country to have got a gazetted notification for developing a multi‐services SEZ. The land was acquired when the SEZ policy was not clear. 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. Ltd. Manesar. commercial complexes and shopping‐cum‐office complexes. Uppal's SEZ is located at Villages Rathiwas.500 crore on developing approximately 22 million sq ft of built‐ up space here. 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. Uppal Developers Pvt. The strategic placing of SEZ gives it a lot of advantage. Uppal Developers Pvt. Gurgaon. Bhudka. biotech. They are in talks with foreign developers and real estate venture funds for equity participation in this project. It will take around 8‐10 years to complete the construction. 66 . and would fund the project cost both by internal accruals and debt and the final equity structure would be finalised soon. an unflinching commitment to Quality and the Quest to achieve more. nanotech and other R&D‐focused operations. The detailed master plan for this project is in advanced stage and by July next year the construction work will begin. Distt. is an SPV (Special Purpose Vehicle) of Uppal Housing Ltd. Since IMT Manesar is very close by.
The group already owns the land for this project. The company considers that its robust infrastructure (including arterial roads connecting each zone to the national highway and expressway). it is looking at developing a second. effective marketing strategy are its strength. based MNC.S. The well established brand image of the company facilitates it to attract the clients. They are having a tie up with the U. The notification is awaited. 62‐acre SEZ whose site is 3. 67 . This single‐product SEZ will focus on the IT‐ITES sector.5 km before Manesar. efficient transportation facilities within the SEZ and to and from Gurgaon city area Environment friendly zone. direct road connectivity to the nearest railway track off the Delhi‐Rewari rail line.In addition. TCG group. timely payments. own land bank.
200 crore proposed Special Economic Zone (SEZ) in Gurgaon. The total investment in the project is likely to be in excess of Rs 1200 crore. 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. Electrolux. has agreed to invest 16. In their world class commercial properties are Vipul Square. etc. has in the past developed such buildings in Gurgaon as Global Business Park and Millennium Plaza (in partnership with Unitech). Vipul is coming up with a 150 Acre IT/ITES SEZ at Fazilpur & Behrampur Villages. Vipul Limited Vipul Ltd. Vipul group says that they are committed to deliver the special needs of their customers. 68 . an 11‐year‐old real estate developer. Vipul is also having tie up with Varcovia Bank for investment in the project. Vipul Groups consist of Vipul Real Estates. with future in mind. The project has received an in‐principle and formal approval from the Ministry of Commerce. the company has executed four commercial and four residential projects..5 per cent and take a stake in Vipul's Rs 1. Thereafter. Gurgaon Haryana. The company. Now they are waiting for it to get notified as they have full 100% land which is required for the development of the SEZ. along with its international affiliate Banyan Real Estate. Convergys. The company’s commercial portfolio boasts of a number of prestigious complexes that house corporate like Gillette. GTA and Genesis PR. 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. Vipul is developing this IT/ITES SEZ in Gurgaon because of the most common reason of Gurgaon has become an IT hub these days. Global Business Park. Millennium plaza and statesman House. And today they have expanded beyond the real estate business. Vipul Facilities management and Vipul Laing O ‘Rourke.
Providing quality products and products on reasonable prices are few strength of Vipul’s. because according to them marketing demand push is low in Gurgaon as compared to any other place. 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. they also mentioned might be they can come up with something different in this sector. Still they would prefer Media channel promotion for their SEZ.Vipul finds DLF Limited to be its major competitor in this sector. 69 . But. which they feel keeps them ahead of their competitors. 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.
According to their perception supply would be dominating demand. 25. Conclusion After Conducting the entire survey and analyzing the data collected following conclusions were made: Hypothesis H1 is true. This will attract IT companies to occupy space in SEZs. DLF Ltd. Most of the companies are waiting for the government policies to stabilize. The farmers from whom the land will be purchased will eventually become their partners and will share the profit.e. Almost all of the Multi‐Products SEZs are at the starting stage of Land Acquisition (10‐25% been acquired). Every company believes that there is a positive future for the SEZ market in Haryana. as they coming up with second largest (20. This is because of STPI norm which is providing additional benefits and incentives specifically to IT/ITES companies. Maximum number of Single product SEZs has acquired their land. 10. Emaar is coming for largest number of SEZs in Haryana i. Raheja Developer’s are coming up with a unique concept for their SEZ. Ltd. Kundli‐Manesar‐Palwal Highway touches most of the Multi‐Product SEZs in Haryana. is the giving biggest competition of Reliance Haryana SEZ Pvt.000 Acre) Multi‐product SEZ in Haryana as compare to Reliance’s SEZ i. 70 . o H1: There is difference among existing SEZs in Haryana. Many companies believe that won’t be facing any competition. It will expire by 2009. IT/ITES is the most common single product SEZ in Haryana.000 Acre. which is advantageous due to its connectivity with the SEZs.e.
Gems & Jewellery at Jaipur etc.wikipedia.nic.meaindia.com www. News Articles and websites. For example. Food Processing at Kundli.com www.com Rediff news & many other NEWS Sites 71 .in En.Parsvnath has strategically placed their SEZs. IT/ITES at Gurgaon.com www.expressindia.indianraj.org www.nic.in www.businessworld.in www.indianindustry. Leather at Agra. Handicraft at Moradabad.aqod.projectsmonitor. Bibliography We referred to various News Papers. Websites:‐ • • • • • • • • • • • www.com www.sezindia.financialexpress. on basis of locations specialty for a specific product.com www.
Palwal f. Type of SEZ: a. Gurgaon b. Why this Product? ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ 3. Faridabad g. Multi Product 2. Area in acres: ______________________________________ 4. Which area of Haryana is the SEZ being developed a. Jhajjar h.Annexure‐I QUESTIONNAIRE Analyzing SEZ’s scenario in Haryana Name of Developer: ______________________________________________________________________________ Name of SEZ: ______________________________________________________________________________ 1. Any Other (Please Specify)________________________ 5. Why this location? __________________________________________________________________ 72 . Panipat d. Single product _________________(Specify) b. Ambala e. Sonepat c.
Any other (Please Specify)_____________________________________________ 10. Raheja Haryana SEZ Developers Pvt. Yes b. Unitech Haryana SEZ Ltd. g. Ltd. What are your plans for the Non Processing Zone? ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ 12. f. Has the principal approval been taken from the Central Government? a. DLF Limited c. Uppal Developer Pvt. Ltd. h. No 7. Positive b.) in percentage 8. Emaar MGF Land Pvt. how much land has been acquired till date? ______________________________________(Approx. b. Ltd. j. D. Whom do you find to be your major competitor? a. According to you what is your strength which makes you ahead of your competitors? ______________________________________________________________________________ ______________________________________________________________________________ 11. Reliance Industries Ltd.S. e. Constructions Ltd. Negative 9. Ansal Properties and Infrastructure Ltd d. What in your view would be the future of the SEZ market in Haryana? a. If yes.__________________________________________________________________ __________________________________________________________________ 6. i. Suncity Haryana SEZ Developer Pvt. Ltd. What would be your Strategy to persuade/attract clients to your SEZ once it is completed? ______________________________________________________________________________ ______________________________________________________________________________ 73 .
Any plans for power management and water supply? ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ Name of Head: __________________________________ Contact info: __________________________________ __________________________________ 74 .______________________________________________________________________________ ______________________________________________________________________________ 13. What would be your business model for the next one year? ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ 15. At present do you have some clients? a. Yes b. No 14.
Annexure‐II In‐principle Approval 75 .
Formal Approval 76 .
Notifications 77 .
That water. Government of India: • • • • • • That area incorporated in the proposed Special Economic Zone is free from environmental restrictions. mandi tax. octroi. mode of financing and viability of the project. 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. That the units would be given full exemption in electricity duty and tax on sale of electricity for self generated and purchased power. if any Whether the Zone will allow only certain specific industries or will be a multi‐product Zone. That for units inside the Zone. Can Foreign Companies set up SEZs ? Yes How can one apply for setting up of SEZs ? 15 copies of application. turnover tax and any other duty/cess or levies on the supply of goods from Domestic Tariff Area to SEZ units. Details of foreign equity and repatriation of dividends etc. distance from the nearest sea port / airport / rail / road head etc.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). indicating name and address of the applicant. transmission and distribution of power within SEZ. Its area. To allow generation. including investment proposed. To exempt from State sales tax. 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. forward it along with their commitment to the following to the Department of Commerce. The State Government shall.. electricity and other services would be provided as required. Financial details. 78 .
electricity. a letter of permission will be issued to the applicant. rules. is consulted while considering the proposal. Are there any terms & conditions for setting up of SEZ ? Only units approved under SEZ scheme would be permitted to be located in SEZ. regulations or bye‐laws in regard to area planning. Wherever the SEZs are landlocked. 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. Such SEZ shall make security arrangements to fulfill all the requirements of the laws. What is role of State Governments? State Governments will have a very important role to play in the establishment of SEZ. rules and procedures applicable to such SEZ. Representative of the State Government. an Inland Container Depot (ICD) will be an integral part of SEZs. Detailed guidelines on setting up of SEZ in the Private/Joint/State Sector is given in Appendix 14‐II. The proposal incorporating the commitments of the State Government will be considered by an Inter‐ Ministerial Committee in the Department of Commerce. etc. who is a member of the Inter‐Ministerial Committee on private SEZ. The SEZ units shall abide by local laws. pollution control and the like. Minimum area of 1000 hectares will not be applicable to product specific and port/airport based SEZs. sewerage disposal. Before recommending any proposals to the Ministry of Commerce & Industry (Department of Commerce). the States must satisfy themselves that they are in a position to supply basic inputs like water. 79 . On acceptance of the proposal.N of Handbook of Procedures Volume I. 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.
trading or service units in SEZ. 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.1 to be submitted to the Development Commissioner of the SEZ.1. Vol.1. before the Letter of Intent is issued. educational and recreational facilities on a case to case basis. Duty free import/domestic procurement of goods for development.1) of Handbook of Procedures. restaurants and recreation centres on commercial lines. 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. Vol. The units are also to execute a bond with the Zone Customs for their operation in the SEZ. a Legal Undertaking is required to be executed by the unit with the Development Commissioner. Vol. security. wherever required will be obtained by the Development Commissioner. How to set up a unit in SEZ? For setting up a manufacturing. What is the approval mechanism for the units? All approvals to be given by the Unit Approval Committee headed by the Development Commissioner. (b) franchise for basic telephone service in 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. Clearance from the Department of Policy and Promotion/Board of Approvals. Authorised to provide and maintain service like water. 80 . Income of infrastructure capital fund/co. 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. 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. 3 copies of project proposal in the format prescribed at Appendix 14‐IA of the Handbook of Procedures.What are the facilities Incentive/ Facilities to SEZ Developer? 100% FDI allowed for: (a) townships with residential. For this purpose. electricity. Generation.
by‐products on payment of applicable Custom duty. Goods imported/procured locally duty free could be utilised over the approval period of 5 years. narcotics and hazardous chemicals. atomic substance. Domestic sale of finished products. 81 . Domestic sales by SEZ units will now be exempt from SAD. for implementation of their project in the Zone without any licence or specific approval. Domestic sale rejects and waste and scrap on payment of applicable Custom duty on the transaction value. consumables. all their requirements of capital goods. office equipment. duty free. explosive. spares. packing materials. distillation and brewing of alcoholic drinks and cigarettes . DG sets etc. 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. 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. cigars and manufactured tobacco substitutes. Duty free import/domestic procurement of goods for setting up of SEZ units. raw materials. 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.
No cap on foreign investments for SSI reserved items. Income Tax Act: Service Tax: Exemption from Service Tax to SEZ units Environment: SEZs permitted to have non‐polluting industries in IT and facilities like golf courses. hotels and non‐polluting service industries in the Coastal Regulation Zone area Exemption from public hearing under Environment Impact Assessment Notification Companies Act: 82 . Exemption from interest rate surcharge on import finance. Flexibility to keep 100% of export proceeds in EEFC account. Banking/Insurance/External Commercial Borrowings: Setting up Off‐shore Banking Units allowed in SEZs. Commodity hedging permitted. OBU's allowed 100% Income Tax exemption on profit for 3 years and 50 % for next two years. Freedom to bring in export proceeds without any time limit. desalination plants. External commercial borrowings by units up to $ 500 million a year allowed without any maturity restrictions. Central Sales Tax Act: Exemption to sales made from Domestic Tariff Area to SEZ units. SEZ units allowed to 'write‐off' unrealized export bills. Freedom to make overseas investment from it.
83 . 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. 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. 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. Drugs and Cosmetics: Exemption from port restriction under Drugs & Cosmetics Rules. 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. 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.4 Crores per annum allowed for managerial remuneration Agreement to opening of Regional office of Registrar of Companies in SEZs. Exemption from requirement of domicile in India for 12 months prior to appointment as Director. Whether SEZs have been exempted from Labour laws? Normal Labour Laws are applicable to SEZs. which are enforced by the respective state Governments. 2. Enhanced limit of Rs.
SEZ units function on self certification basis. Custom and representative of State Govt. State has exempted the sales from DTA to SEZ from local levies and taxes. Will the same practice continue at the SEZ? Customs examination is to the bear minimum. Are SEZ's controlled by Government? In all SEZ’s. Government also controls the operation and maintenance function in the 7 Central Government controlled SEZs. 4(2)/2002‐ECB. Routine examination of goods by customs in the EOU is common. What is the practical role of Development Commissioner? Development Commissioner is the nodal officer for SEZs and help in resolution of problem. faced by the units/developer. If one buy goods from DTA should they require paying State Sales Tax and Excise? No.No.2002). dated 15. 84 . including second hand machineries. the statutory functions are controlled by the Government. if any. What about the Licenses for Imports? No License is required for imports.9. In rest of the operation and maintenance are privatised. 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. Who monitor the functioning of the units in SEZ? Performance of the SEZ units monitored by a Unit Approval Committee consisting of Development Commissioner. 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. on annual basis.
Inter Unit Sales are permitted as per the Policy. Will it be possible to supply to other units in SEZ? Yes. 85 . Buyer procuring from another unit pays in Foreign Exchange.
technological upgradation or expansion. refrigeration equipment. will be deemed to be consumables. equipment or accessories required for manufacture or production. sericulture and viticulture as well as for use in the services sector. form part of the end‐product. include the person signing the application. research and development. 86 . Developer ‐A person or body of persons. Consumables ‐any item. animal husbandry. refractories for initial lining. firm and such other private or government undertaking. A component includes an accessory or attachment to the component. poultry. Barter trade or any similar arrangement. Exports/Imports under Counter Trade may be carried out through Escrow Account. catalysts for initial charge. agriculture. which are substantially or totally consumed during a manufacturing process. which participates in or is required for a manufacturing process.Annexure‐IV Glossary Applicant ‐The person on whose behalf the application is made and shall. The balancing of exports and imports could wholly or partly be in cash. finances. 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. Capital goods may be for use in manufacturing. modernisation. machinery. either directly or indirectly. designs . Buy Back arrangements. organises. quality and pollution control. 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. but does not necessarily. power generating sets. machine tools. of goods or for rendering services. company. 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. including those required for replacement. operates. Items. wherever the context so requires. Consumer Goods‐Any consumption goods. who develops. horticulture. floriculture. Capital goods also include packaging machinery and equipment. maintain or manages a part or whole of the infrastructure and other facilities in the Special Economic Zones as approved by the central Government. equipment and instruments for testing. builds. promotes. aquaculture. pisciculture. which can directly satisfy human needs without further processing and includes consumer durables and accessories thereof. goods and/or services. mining. BOA ‐The Board of Approval as notified by the Department of Commerce Capital Goods ‐Any plant.
DFRC ‐ Duty Free Replenishment Certificate. Importer ‐ A person who imports or intends to import and holds an Importer‐Exporter Code number unless otherwise specifically exempted.1) ‐ The Handbook of Procedures (Vol. Handbook (Vol. means the rebate of duty chargeable on any imported material or excisable material used in the manufacture of such goods in India. 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. EHTP ‐Electronic Hardware Technology Park. Licensing Authority ‐ The authority competent to grant a licence under the Act/Order.1) and "Handbook (Vol. Exporter ‐ A person who exports or intends to export and holds an Importer‐Exporter Code number unless otherwise specifically exempted. ITC (HS) ‐ ITC (HS) Classifications of Export and Import Items Book. Infrastructure facilities ‐ Industrial.4 of the Policy. Domestic Tariff Area ‐ Area within India which is outside the Special Economic Zones. commercial and social infrastructure or any other facility for the development of the Special Economic Zone as notified. if supplied with capital goods manufactured in India. as may be prescribed or specified by the licensing or competent authority. 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).2)" means Handbook of Procedures (Vol. Export Obligation ‐ The obligation to export the product or products covered by the licence or permission in terms of quantity. value or both. EOU ‐ Export Oriented Unit. 87 . The goods include imported spares.Development Commissioner ‐The Development Commissioner of the Special Economic Zone. Drawback ‐Relation to any goods manufactured in India and exported. Licensing Year ‐ The period beginning on the 1st April of a year and ending on the 31st March of the following year.2) published under the provisions of the paragraph 2.
re‐engineering. A part may be a component or an accessory.Manufacture ‐ To make. polishing. firm. Policy ‐ The Export and Import Policy. Prescribed ‐ Prescribed under the Foreign Trade (Development and Regulation) Act. whether they have actually been previously manufactured or are processed or are still in a raw or natural state. assemble. horticulture. process or bring into existence. 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. natural. testing calibration. 22 of 1992) or the Rules or Orders made thereunder or under this Policy. 2002‐07 as amended from time to time. 1992 (No.4 of the Policy. character or use and shall include processes such as refrigeration. company. MAI‐ Market Access Initiative Merchant Exporter ‐ A person engaged in trading activity and exporting or intending to export goods. Notification ‐ A notification published in the Official Gazette.1). remaking. corporation or any other legal person. aquaculture. refurbishing. Person ‐ An individual. society. floriculture. animal husbandry. unrefined or unmanufactured state. poultry. re‐packing. but which are still in a raw. Part ‐ An element of a sub‐assembly or assembly not normally useful by itself and not amenable to further disassembly for maintenance purposes. for the purpose of this Policy. 88 . basic materials which are needed for the manufacture of goods. Raw material – i. fabricate. Order ‐ An Order made by the Central Government under the Act. pisciculture. viticulture and mining. ii. Manufacturer Exporter ‐ A person who exports goods manufactured by him or intends to export such goods. labeling. any materials or goods which are required for his manufacturing process. sericulture. shall also include agriculture. NFEP ‐ Net Foreign Exchange Earning as a percentage of exports. by hand or by machine. and For a manufacturer. a new product having a distinctive name. Public Notice ‐ A notice published under the provisions of paragraph 2. Re‐conditioning repair. Manufacture. produce.
Department of Commerce. SEZ ‐ Special Economic Zone notified by the Ministry of Commerce & Industry. Services ‐ All the tradable services covered under General Agreement on Trade in Services and earning free foreign exchange. Status holder ‐ An exporter recognized as "Export House/Trading House by DGFT/ Development Commissioner or Star Trading House/ Super Star Trading House" by the Director General of Foreign Trade. 89 . (iv) Supply of a ‘service’ in India relating to exports paid in free foreign exchange. and (iii) Supply of a ‘service’ from India through commercial or physical presence in the territory of any other country. 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 include a component or an accessory. STP‐ Software Technology Park Third‐party exports ‐ Exports made by an exporter or manufacturer on behalf of another exporter(s). 2002‐07/approved by Board of Approval. SION ‐ Standard Input Output Norms notified by DGFT in the Handbook (Vol. Service Provider ‐ A person providing: (i) Supply of a ‘service’ from India to any other country. Wild Animal‐ Any wild animal as defined in Section 2(36) of the Wildlife (Protection) Act. 1972. (ii) Supply of a ‘service’ from India to the service consumer of any other country in India. shipping bills shall indicate the name of both the exporter/manufacturer and exporter(s). Spares ‐ A part or a sub‐assembly or assembly for substitution. In such cases.Rules ‐ Rules made by the Central Government under Section 19 of the Act.2). Ships ‐ All types of vessels used for sea borne trade or coastal trade and shall include second hand vessels. that is ready to replace an identical or similar part or sub‐assembly or assembly.Specified‐ Specified by or under the provisions of this Policy.
operation and maintenance of SEZs.Zone Development Board‐ The Zone Development Board notified for Special Economic Zones to consider matters relating to development. 90 .
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