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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 size and location of SEZs. efficient and hassle‐free manner. Being new to real estates. At first. DLF is coming up with the second Largest SEZ and Emaar with 3 Multi‐Product SEZ in Gurgaon. The result found was that DLF. as its Special Purpose Vehicle. contact details etc. Also. Construction’s SEZ. exports and employment. Ltd. Executive Summary To provide a stable economic environment for the promotion of Export‐import of goods in a quick. For example. with Reliance Haryana SEZ Pvt. 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. The study consisted of primary and secondary data. boosting economic growth. Reliance Industries Ltd. is in Joint Venture with Unitech Group. those many company’s SEZs are touching KMP highway for connectivity. Reliance are the major competitors. Once the data was collected. Luxor is coming up with its SEZ in Joint Venture with Uppal Developers Pvt. Shreeaumji Developers Pvt. secondary data was taken from internet like the list of companies. The incentives and benefits provided to SEZs have attracted even those companies which are not into developing field.. Ltd. starting from Kundli with Unitech’s SEZ and ending at Palwal with D. The SEZ Act and the SEZ Rules. 2006. they have come up with their SEZs in Joint Venture with well established companies that have experience in the field. 2005. as Reliance coming up with largest SEZ. The SEZ Act is expected to give a big thrust to exports and consequently to the foreign direct investment (“FDI”) inflows into India.S. 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. then the analysis was done. Government of India enacted the SEZ Act. The SEZ Act has encouraged many companies to undertake setting up of various SEZs all over India. The new law is aimed at encouraging public‐private partnership to develop world‐class infrastructure and attract private investment (domestic and foreign). 5 . 2006 (“SEZ Rules”) were notified on February 10. Jai Bharat Maruti and Minda Industries. Ltd. Emaar MGF.
Introduction 6 .
then only 50% of area is used for setting up plants rest of the area is used to provide housing facilities. 7 . sales etc. also known as non‐ processing Zone. including India.). Peru has been slated to become a "Zona Ecomomica". Iran. customs. and makes the exports more viable. North Korea has also attempted this to a degree. It helps in the development of infrastructure of the area around the SEZ. Poland. malls. Jordan. Govt. Excise. and Ukraine. SEZ can be sector specific or multi product SEZ. Philippines. provides employment to people. Usually the goal is an increase in foreign investment. but failed. Special Economic Zones have been established in several countries. SEZ are referred to as "Urban Enterprise Zones". 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. multiplexes etc. Also Tax exemption is for specific period say for 10 yrs or so. provides tax exemption (IT. Russia. In the United States. subsidized water and electricity etc. Special economic zone is a particular area inside a state which acts as foreign territory for tariff and trade operations. It should be noted that if 100 acres are allotted for SEZ. Puno. Kazakhstan. All this will help the country's products to become more competitive visa‐a‐versa providing all round development of region.
In 1980 one of the first Innovation Centers in Europe was developed adjacent to the university campus. A new training centre was established within the Free Zone. It has been judged an outstanding success.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. Ireland’s first technological university. IDA assisted international IT and financial services projects now employ upwards of 30. Needs included an industrial training centre to train workers in semi skilled tasks and develop supervisory skills. 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. was established in 1973. the university president was appointed to the board of Shannon Development. The Dublin International Financial Services Centre. Technology Development: To attract high quality investment the need for a strong technologically oriented university. Promotion of International Financial/ IT Services: Shannon Development led the way in the 1960’s in promoting international financial and IT services. 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.000 people. Later this led to the establishment of a national industrial training authority with Shannon Development’s chief executive as its first chairman. Today Shannon is still the largest single site concentration of foreign investment in Ireland. This Concept has now been extended to create a knowledge network of five smaller technology parks and centers in peripheral locations throughout the region. 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. The success of these activities at Shannon was observed by others in Ireland and overseas. The University Of Limerick. The positive experience of investors at Shannon led to additional FDI throughout the national economy. a kind of financial services free zone was established in 1987. was recognized. 8 .
9 . Regional Planning and Development: The airport. This acted as a model for similar plans in other Regions. business incubator units and a specialized food industry centre. Limerick Heritage precinct and others. its tourism development and marketing expertise to promote rural development. Mauritius (1978). it developed the rent an Irish cottage scheme. 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. It produced the country’s first regional industrial development plan in 1969. In the last 25 years upwards of 50 countries world‐wide have been assisted. It used. an enterprise centre network. Rural Development: Shannon Development’s regional responsibility led naturally to an interest in the development of rural areas. Taiwan (1965). 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. Duty Free Shops: The Shannon duty free shop concept has been replicated many times throughout the world. Doonbeg Link’s golf course. innovation centers. Shannon Development continues to develop innovative tourist attractions in areas of the Shannon Region outside the influence of the major industrial centres. Initiatives included small industry estates. In order to promote economic activity and spread the benefits of tourism to isolated rural areas. Free Zones: The Shannon free zone model has been used in many parts of the world. and various tourism initiatives had a major impact on the surrounding Shannon Region. Other Business Infrastructure: Over the years Shannon Development led the way in Ireland in developing other forms of business infrastructure to cater for the diverse needs of a growing number of Irish entrepreneurs. free zone. Egypt (1976). Malaysia (1971). and continues to use today. and Sri Lanka (1978) were among the first group of successful zones to benefit from Shannon advice and consultancy inputs. The Irish government in 1968 took the logical step of extending Shannon Development’s mandate to include the wider Shannon Region. the Tralee Tourism cluster. Shannon Impact in other parts of the Globe From the mid 1960’s onwards developments at Shannon attracted the interest of the wider world. Thus Shannon Development became Ireland’s first regional development agency. In recent years EU structural funds have been used creatively to develop new tourist products such as Kilrush Creek Marina.
The Chinese SEZ concept was developed following a visit to Shannon by a group of Chinese officials in 1976. The discussion that followed led to the establishment of the first Chinese SEZ in 1978.Special Economic Zones: The Chinese SEZ is the corner stone of the Chinese economic miracle for the last 25 years. 10 . When they returned to China they related their Shannon experience to Deng Xiao Ping.
where the first SEZ in India was set up in 1965 called an export processing zone. Experts say the principal reason for this sorry state of affairs is inadequate infrastructure. or EPZ. (c) Promotion of investment from domestic and foreign sources.02. The Government of India in April 2000 announced the introduction of Special Economic Zones policy in the country. 2005. the Special Economic Zones (SEZs) Policy was announced in April 2000. providing for drastic simplification of procedures and for single window clearance on matters relating to central as well as state governments. 2006. The main objectives of the SEZ Act are: (a) Generation of additional economic activity (b) Promotion of exports of goods and services. (d) Creation of employment opportunities. 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. absence of world‐class infrastructure. (e) Development of infrastructure facilities. Coming seven years after the world's first SEZ at Shannon in Ireland. a comprehensive draft SEZ Bill prepared after extensive discussions with the stakeholders. The Special Economic Zones Act. But 40 years on. deemed to be foreign territory for the purposes of trade operations. The draft SEZ Rules were widely discussed and put on the website of the Department of Commerce offering suggestions/comments. 2005. it was the first of its kind in Asia. Kandla and the seven other state‐run EPZs‐turned‐SEZs in India have failed to live up to their promise. Gujarat coast is Kandla. 2005 which received Presidential assent on the 23rd of June. duties and tariffs. was passed by Parliament in May. came into effect on 10th February. more than 500 SEZs have been proposed. 11 . As of 2007. SEZs in India functioned from 1. 2005. and an unstable fiscal regime and with a view to attract larger foreign investments in India. Around 800 suggestions were received on the draft rules. 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.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. After extensive consultations. With a view to overcome the shortcomings experienced on account of the multiplicity of controls and clearances. the SEZ Act. supported by SEZ Rules.2000 to 09.11.2006 under the provisions of the Foreign Trade Policy and fiscal incentives were made effective through the provisions of relevant statutes.
which is the novel way to utilize the resources of the country. It’s clear that government lacks in long term funds which could be better used for infrastructure development of the country. so instead of being a silent spectator. 12 . SEZ is the only viable option. They are also against acquisition of fertile agricultural land as it will make many farmers landless. it’s better to encouraging private investment. The following are the disadvantages of an SEZ: 1. and maintenance of the Special Economic Zones and for setting up units and conducting business in SEZs. India needs to develop infrastructure and SEZ seems to be the best answer in this regard. India is trying desperately to attract foreign investment so it can create thousands of new jobs. They also argue that SEZs are free of the negative aspects of Indian bureaucracy. Proper policy towards SEZ's with due care being taken for poor farmers will definitely help India to achieve its economic goal. d) Single Window clearance on matters relating to Central as well as State Governments. 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. 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. 2. Tax incentives are the most ulcerative way to attract the private players. The SEZ Rules provide for: a) Simplified procedures for development. 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.The SEZ Rules provide for different minimum land requirement for different class of SEZs. b) Single window clearance for setting up of an SEZ. They 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. operation. 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. Those who are against it argue that giving tax breaks to SEZs is not a good idea. 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. For doing so. c) Single window clearance for setting up a unit in a Special Economic Zone.
who is ex‐officio chairperson of the Approval Committee. All post approval clearances including grant of importer‐exporter code number. Customs Authorities and representatives of State Government. etc.3. Its constitution is as follows: (b) Administrative set up: The functioning of the SEZs is governed by a three tier administrative set up. Department of Commerce. broad banding diversification. All the decisions are taken in the Board of Approval by consensus. units are allowed to be set up in the SEZ. It could create socio‐economic disparities as the SEZ would accommodate the high and mighty the poor people will be pushed towards poverty and unemployment. 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. The applicant also has the option to submit the proposal directly to the Board of Approval. in case of violation of the conditions of the approval. change in the name of the company or implementing agency. 13 . The Board of Approval is the apex body and is headed by the Secretary. The Board of Approval has been constituted by the Central Government in exercise of the powers conferred under the SEZ Act. 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. Each Zone is headed by a Development Commissioner. The Board of Approval has 19 Members. The Approval Committee at the Zone level deals with approval of units in the SEZs and other related issues. Once an SEZ has been approved by the Board of Approval and Central Government has notified the area of the SEZ. 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. 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.
from the domestic market. consumables. • Profits allowed to be repatriated without any dividend‐balancing requirement. • External commercial borrowings by SEZ units up to US$500 million in a year without any maturity restrictions through recognized banking channels. • 100% FDI permitted to SEZ franchisee in providing basic telephone services in SEZs. • Facility to retain 100% foreign exchange receipts in Exchange Earners’ Foreign Currency Account. spares etc • Exemption from Central Excise duties on procurement of capital goods. raw materials. barring a few sectors. raw materials. 14 .Incentives and Benefits Besides providing state‐of‐the‐art infrastructure and access to a large well‐trained and skilled work force. consumable spares etc. • Job work on behalf of domestic exporters for direct export allowed. • Facility to realize and repatriate export proceeds within 12 months. • No cap on foreign investment for small scale sector reserved items. 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. • No import license requirements • Exemption from customs duties on import of capital goods. • No routine examinations by Customs for export and import cargo.. • Exemption from industrial licensing requirements for items reserved for the SSI 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. Under the Union Government’s policy. SEZ units will nonetheless get the much sought after access to domestic markets. health care and recreational facilities permitted on a case‐to‐case basis. • Income tax exemption for a block of 10 years in 15 years. this facility is available to jewellery units as well. Incentives to Developers • Exemption from duties on import /procurement of goods for the development. labeling/ repacking. • Exemption from Service Tax • FDI to develop townships within SEZs with residential. • Exemption from Central Sales Tax and Service Tax • Facilities to set up off‐shore banking units in SEZs. SEZ provides for unrestricted access to domestic markets (with payment of relevant duties on imports and outputs). The size of the SEZ would be large enough to attract private participation in building infrastructure. The SEZ policy is special in many ways: • • • • • The range of permissible economic activities is vast since it covers trading.• Subcontracting both domestic and international is permitted. etc. reconditioning. ‘Export‐ oriented’ economic activities only are permitted (NFE over a five year must be positive) 15 • • . logistics and transactions competitive on a global basis. The SEZ will provide high quality. operation and maintenance of SEZ. businesses will operate under a high quality policy and business friendly regulatory environment free from hassles. While the SEZ will be insulated from the domestic tariff area in so far as negative influences are concerned. world‐class infrastructure designed to render costs of production. educational. delivery. 100% foreign ownership is automatically cleared in the manufacturing sector.
States have a key role in organizing the administration of the SEZs.56 hectares only. the land in possession of the 63 SEZs notified 16 . the SEZ rush had dried up with only around 25 applications having being received since April 6. In these cases. nine meetings of the Board of Approvals have since been held. And these factors need to be an inherent part of the infrastructure of the SEZ. there are other requirements that are important.f. it is envisaged that the private sector could play an important role in building and managing the SEZ facilities.e. 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. and leaving only around 40 proposals pending. The land for the 63 notified SEZs where operations have since commenced involved is 8051. total agricultural land is 1534166 sq km (51. It is interesting to note that out of this total land area. 2006. In recent months. 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. While government has granted final approvals to 339 proposals.6%). Out of the total land area of 2973190 sq km in India. other 120‐odd zones have received first‐stage clearance. 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. SEZ Approval Status Consequent upon the SEZ Rules coming into effect w. Further.• While development of the SEZ scheme is under the Union Government. the land already available with the State Governments or SIDCs or with private companies has been utilized for setting up SEZ. where land needs to be acquired. There is another set of 225 applications which are expected to be rejected since the state government has not supported the proposals. 10th February. 126 SEZs have been notified till date. Although the Special economic Zones offer a plethora of benefits in terms of the tax exemptions and export promotion incentives.
314(US$ 4075 million) 22840(US$ 5078 million) Growth Rate of exports 39% 32% 24. employment. Investment of the order of Rs. Stability in fiscal concession is absolutely essential to ensure credibility of Government intensions. 17 . 13. (a) Exports from the functioning SEZs during the last three years are as under: Year 2003‐2004 2004‐2005 2005‐2006 Exports(Rs.457 persons. The approximately 300 formal approvals will also cover only around 450 sq km. exports and infrastructural developments additionally generated. 67300 crores (b) At present.71% Projected exports from all SEZs (82) for 2007‐08: Rs. crores) 13.100. providing direct employment to over 1. In the 63 notified SEZs which have come up after 10th February 06. 500.854(US$ 2996 million) 18.435 crores has already been made in less than one year. Private investment by entrepreneurs in the SEZs established prior to the SEZ Act is of the order of over Rs. about 40% of whom are women. investment of Rs. 1016 units are in operation in the SEZs. Benefits derived from SEZs Benefits derived from SEZs are evident from the investment. 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. 4400 crores.000 direct jobs are expected to be created by December 2007. 000 crores including FDI of US $ 5 ‐ 6 billion is expected by the end of December 2007. These SEZs have so far provided direct employment to 18.79 lakh persons.amounts to approximately 67 sq km only.
Economic characteristics are represented as "4 principles": 1. 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. Products are primarily export‐oriented 4.Special Economic Zones of China The word "special" mainly means special economic systems and policies. the central government gives SEZs special policies and flexible measures. allowing SEZs to utilize a special economic management system. Special tax incentives 2. 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. In the China. 3. Greater independence on international trade activities. 18 . SEZs local congress and government have legislation authority.
what is their business model for next couple of years. 19 . Therefore. what are the sizes of the SEZs. current scenario of the companies. the project aims at analyzing the scenario of SEZs coming up in Haryana.Objectives and rationale of the Project Analyzing the Scenario of SEZs in Haryana: There is a very big market of SEZ is emerging. Thus. what is the location of SEZs etc. Many companies are coming up with their SEZs in Haryana. we wanted to know what these companies are doing. how many SEZs a company is coming up with. what type of SEZs are they coming up with.
20 See Annexure‐1 for Questionnaire. Sample Size: Questionnaire: Action Plan for data Collection: Primary and Secondary data Primary data: This was conducted through a survey of all the companies coming up with their SEZs by taking personal interview of their executives. location. H1: There is difference among existing SEZs in Haryana. size. 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. Secondary data: The addresses. 35 .
IT/ITES 3.S. 4. DLF multi‐product 6. Haryana 8. Haryana 3. No 1 Name of the Location developer Jhajjar.54 1012 8097 10. DLF Limited 1.000 Headed by 2 3 4 D. 24 & multi‐product 25A. District Gurgaon 5. Ambala. Ashish Zindal 21 . Data analysis: S. 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. Villages Kherki Daulla and Sihi. Distt Gurgaon 7. DLF City. Distt Gurgaon 6. Haryana 1. IT/ITES 2. Shikohpur. DLF Cyber City. Ph‐1 Gurgaon Type of SEZ Multi‐product Area Hectares 10.14 12. Jahajpur. Gurgaon. Gurgaon. Sector No. Haryana Reliance Industries Ltd. Gurgaon IT/ITES 7. Village Boda Kalan.06 12. Haryana 12. Constructions Emaar MGF Land Private Ltd. City. Distt. Sector 30. Yogesh Verma 9. Gurgaon IT/ITES 4. Lakhnaula. Haryana Palwal. Gurgaon 2. Gurgaon. 5.73 Mr.
Naweda Fatehpur. Machigarh. Dharuhera‐Rewari Belt 2. Banskusla. Distt. Chaddha 1. Gurgaon. Gurgaon Panipat. Ambala. Gupta 7 Raheja Haryana SEZ Developers Pvt. Unitech Haryana SEZ Ltd. Bhupani.Gurgaon. Gurgaon 12. Distt 9. Gurgaon 11. Gurgaon 2. Gurgaon Convention City Private Limited Bentex Towers Pvt. Ltd 1. Suncity Haryana SEZ Developer Pvt.48 Mr. Ghatta. Bans Hariya. V. Gurgaon Sonepat‐Kundli. Haryana IT Multi Product 41. K. 8. Gurgaon (Gurgaon) Services 240 10 Multi‐Services 168 22 . N. Haryana Multi‐product Electronic Hardware & Software including ITES Multi Product 2000 132 8 1000 9 Village Dhanwapur and Sarai Alawardi. Faridabad 10.278 3237. Haryana 12. Haryana IT/ITES Gems & Jewellery 120 40 5 6 M/s. Roje Ka Gujjar. K. Jhund Sarai. Ltd Natasha Housing & Urban Development Ltd. Ltd Multi‐product 4000 Mr.
Ashok Bhayare 13 Multi services 106. Gurgaon Fazilpur & Behrampur Villages. Ltd Bandhwari. Ltd. P. Haryana Gurgaon. Brijesh Bhanote 19 M/s Roseview Infrastructure Developers Limited IT/ITES 44 23 . Haryana 2.S Agrawal 18 Vipul Ltd. Manesar. Village Badshapur. Gurgaon. Dist. Haryana Sec‐2. Sonepat. IT/ITES 60 Mr. Haryana IT/ITES 130 12 Textile 113. Gurgaon Gurgaon. District Gurgaon. Village Bhigan and Kurad Ibrahimpur. Gurgaon. Rajiv Dayal 16 Parsvnath Developers Limited IT/ITES Food Processing Industries 46. Gurgaon. District Gurgaon. Tehsil Faruknagar. Kundli. IMT Manesar.35 Mr. Haryana 2. Multi‐Services 100 Mr. 10 KM from IMT. Gyan Bansal 14 Automotive Apparel 101 101 Mr. Tehsil Faruknagar.11 M/s. Haryana Delhi‐Jaipur National Highway. Sonepat. Gurgaon 1. Haryana 1. Anil Seth 17 Rockman Projects Ltd. C. Gurgaon‐Sohna Road. Haryana 2.13 100 Mr. Orient Craft Infrastructure Ltd Uppal Developer Private Limited Shreeaumji Developers Pvt.93 Mr. Tripathi 15 Ansal IT City and Parks Limited Engineering Goods IT/ITES 100 10. Orion Infrastructure Pvt. Gurgaon Rathiwas Village. Haryana 1. near Murthal.3101 Mr. K.
Gurgaon. Gurgaon.20 21 22 23 24 25 26 28 29 Pioneer Urban Land and Infrastructure Limited Ireo Investment Holding III Ltd.48 Mr. Dr.35 Village Sikohpur. Indrapreet 30 Selecto systems Pvt. very close to NH‐8 IT/ITES 40. Haryana IT/ITES 28 Mr.2 Gurgaon. Luxor Cyber City Pvt.34 24 . Ghata. Haryana Gurgaon Electronic Hardware. Lalit Goel 30. Gurgaon.12 Mr. Gyan Bansal Biotechnology 17. Fresh Healthcare Pvt. Ltd Metro Valley Business Park Private Limited Village Ghata.62 10. Ltd M/s. Haryana Gurgaon. Sunwise Properties Pvt. Sector 38. Haryana Main Mathura Road Faridabad Haryana IT 10 IT / ITES 3. Behrampur and Balola in District Gurgaon. IT/ITES IT/ITES 40 Mr. Ltd 5th Mile stone. Opp.41 Mr. on Gurgaon ‐ Faridabad Road. Ltd. Haryana. District Gurgaon MediCity. Naresh Trehan IT/ITES 15. Haryana Gurgaon IT/ITES IT/ITES 10. Ltd. Global Health Private Limited Ascendant Estates Private Limited Assotech Realty Pvt. Jaju 31. Ansals Valley View Apartments.
SEZs in Haryana Single Vs Multi Product 25 .
Distribution of products Major Competitor 26 .
Company with Maximum area to set up SEZs 27 .
Maximum no. of SEZ’s under one company 28 .
Percentage of land acquiered by the Companies 29 .
Research Findings 30 .
Govt. 40 years of experience. Sohna Road.250 acres. Haryana Granted formal approval from Government of India to develop as Engineering Goods sector SEZ. auto components. offices. utensils and other such engineering goods. 31 . Established brand image.Ansal IT City and Parks Ltd Ansal’s is renowned globally for offering a perfect blend of luxury and comfort. Strategically located on NH‐1 (village Bhigan & Kurad brahimpur). it will also consist of residential options. institutional. It considers that its credibility. commercial options. shops and housing facilities in its non‐processing sector. Retail. Ansals does not consider any company as its competitor as according to them demand will be more than supply. of India has granted Formal Approval to this project. The construction work has started and tower work is in progress. This shall be designed to cater the end requirements of IT/ ITES sector with robust infrastructure and specifications. It has tie up with D R. amenities. Besides the dedicated manufacturing zone. and its segregation of teams for IT. An ISO 9001:2000 company. facilities and other supporting social infrastructure. Sonepat. heavy and light machinery. It shall provide an excellent manufacturing option for setting up of exporting units involved in hand tools. ft. The company plans to provide a medi‐centre. Residential etc are its strength that keeps its ahead of other players in the market. It will take around3‐5 years to complete the construction. it has gained recognition as a premier organization in the field of housing. The land has been fully acquired. commercial and industrial construction. It has pioneered many consumer‐friendly innovations too. 2mn Sq. Gurgaon This project has been planned over 27 acres of land with a built‐up area of approx. Village Badshahpur. a Dubai Company for foreign investment. it will cover an area of approx. Murthal.
The land has got in‐principal approval and 100% acquisition of land has been done. According to Ansals. Retail. this also proves to be beneficial for the company. the demand for export of engineering goods is more in this belt therefore apart from above mentioned strengths. The Engineering Goods SEZ is different from IT SEZ in business model. Residential etc are its strength that keeps its ahead of other players in the market. 40 years of experience. and its segregation of teams for IT. It considers that its credibility. 32 . Currently they do not have any specific plans for next year but they will be going for notification for this SEZ. Established brand image.
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
based construction company. 38 . For the next one year they would be working over infrastructure.K. doing project monitoring analysis. Construction will be done by a U.The land acquisition process is being carried on along with the designing of the Master plan. After this they would be working on the construction part. Laing O’Rourke. planning etc.
green areas. Handicrafts and service sectors such as IT enabled Services (ITES). Constructions Ltd. The SEZs shall be developed in an integrated manner catering to business (industrial and commercial) activities facilitated by social.000 Million and INR 6. Engineering Goods.20. in a short span of 5 years. Expressways & Railway. This will be done along the lines of some of the internationally known SEZs such as Jebel Ali in Dubai. Both the SEZs will be Multi‐Product SEZs and will cover an area of 5. utilities. The SEZ shall have a dedicated captive power plant exclusively for the units / residents within the zone. Readymade Garments. D S Constructions Ltd.000 hectares (12. Processed Foods. DSCL is a pioneer in Build Operate Transfer (BOT) infrastructure development and engineering with projects under execution in the Highways. Logistics and Warehousing and Trade Facilitation. 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. facilities and services. Electrical and Electronic Goods. The SEZ shall attract and host a number of units in the manufacturing sector such as Auto Components. D. Shenzhen and Suzhou in China.S. The planning and development norms would be comparable to the best in the world and shall provide for open spaces.000 hectares (Haryana) and 250 hectares (Himachal Pradesh) respectively with an estimated investment of INR 1. Hydro Power and now pursuing Privatization of Airports & Ultra Mega Power Projects. Sports Goods. Haryana The SEZ in Haryana will cover an area of 5. etc.500 acres) and shall be developed in phases. 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. Pharmaceuticals. has received in‐principle approval from the Ministry of Commerce & Industry. Gems and Jewellery. SEZ in Palwal.000 Million respectively. internal / arterial roads and walkways and well‐supported by in‐zone utilities and facilities. Special Economic Zones. Government of India to set up and develop two (2) Special Economic Zones. recreational and residential infrastructure.
000 acres shall be allocated for service areas and infrastructure. DSCL.750 Crores on developmental activities. Reliance Industries Ltd. Till date approximately 30‐40% of land has been acquired by the company. Garments. 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. green areas. nearly 4. Electrical and Electronic goods. 40 . Value addition processing units. The company is not taking any help of the government for acquiring land. It is purchasing the land directly from the farmers utilizing all of its resources. Under the company’s plans. Handicrafts and Trade and Business Enabling Industries. residential and also commercial purposes whereas rest would be utilising for developing infrastructure. The company plans to dedicate 60 per cent of the area for industrial.750 crore would be utilised for other related areas. Gems and jewellery. including Auto Components.250 acres would be utilised for setting up of Light Industrial Units. such as open spaces.500 crore for land acquisition and INR 4. 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. is their major competitor as told by the executive. Printing and Publication.1 lakh people and shall go a long way in upgrading the socio‐economic conditions of the populace in the surrounding region. roads and walkways. DSCL considers that their brand name and their money power is their major strength. They focus on providing a comfortable environment to their clients. Pharmaceuticals.750 acres whereas 375 acres shall be allocated for Commercial purposes while the remaining 5. The remaining INR 2. administration blocks and inland container depot etc. public utilities. It plans to build up residential and housing facilities in 3. toys and sports goods. Food Processing.
among India’s leading real estate developer. For power management and water supply they are looking at various options i. This includes three Multi Products and seven Single Products (Five IT/ITES. They say that they don’t consider anyone their competitor. Ltd.Emaar MGF Land Pvt. one of the world’s leading real estate company and MGF Development Limited. commercial and retail. This partnership promises to usher in a real estate revolution in India with the development of world class townships across the country. Emaar MGF believes that there is a positive future for SEZ market in Haryana. Emaar MGF is coming up with around 10 SEZs in Haryana.000 budget hotels in India under the brand name Formule 1 in the next 10 years. Emaar also has a belief that they won’t be facing any competition in this sector. to set up 1. Emaar MGF Land Private Limited is a joint venture between Emaar Properties PJSC Dubai. healthcare and IT parks and special economic zones (SEZs). At present also they do have few clients for their SEZs. education. Emaar‐ MGF has also tied up with Accor. Emaar‐MGF says that their projects lined up in the joint venture were in six verticals ‐ residential. A collaboration that has brought in the largest FDI in India’s real estate space and opened up the horizons of tomorrow. Emaar MGF is engaged in Pan‐India projects includes nine special economic zones (SEZs) and 50 hospitals. According to them their strength is their international standards in handling projects and their ability to take on big scale projects. global leaders in economy and budget hotels. energy efficiency. Emaar MGF has also floated a 50:50 joint venture with Australian construction major Leighton Asia to execute projects worth $2. They say they want to change the way realty business is done in India.5 billion in India over the next five years. Emaar MGF says that they have brought the largest‐ever FDI in the real estate sector in India.e. Auto Ancillary and Gems & Jewellery) 41 . The joint venture has earmarked an initial investment of $150 million for the first three years. recycling and green buildings. The marketing strategy to attract clients for their SEZs is they planning to invite the best companies in the specific product category. hospitality.
Cost of Land and Development – Rs 150.5 Acre for residential purpose and 25 Acre of land for commercial activities in their Non‐Processing zone. Rain water harvesting. Lakhnaula. They have planned to set up 210 Acre for residential purpose and 60 Acre of land for commercial activities in their Non‐Processing zone. etc ‐ Rs 8. drainage. Boundary walls. Boundary walls.50 Crores b. Rain water harvesting. For the business model of coming years some of their financial details are: a. Sewage treatment Plant. Rain water harvesting. Boundary walls. Gurgaon with a 600 Acre area: For this SEZ 50% land has been acquired by now. roads. Company is working on land acquisition part. Company is working on land acquisition part for all these SEZs.5 Acre for residential purpose and 5 Acre of land for commercial activities in their Non‐Processing zone. Shikohpur.50 Crores b. Sewage treatment Plant. roads. Company is working on land acquisition part. Cost of Land and Development – Rs 42. Cost of Land and Development – Rs 480 Crores b. Cost of Land and Development – Rs 30. They have planned to set up 17. Villages Kherki Daulla and sihi. For the business model of coming years some of their financial details are: a.5 Acre for residential purpose and 7 Acre of land for commercial activities in their Non‐Processing zone. Company is working on land acquisition part. Gurgaon with a 250 Acre area: For this SEZ 30% land has been acquired by now.10 Crores 4. Gurgaon with a 50 Acre area: For this SEZ 95% land has been acquired by now. water supply. They have planned to set up 87. For the business model of coming years some of their financial details are: a. Sewage treatment Plant. drainage.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. etc ‐ Rs 84 Crores 2.25 Crores 3. water supply. Company is waiting for the notification. For the business model of coming years some of their financial details are: a. water supply. They have planned to set up 24. At Gurgaon with a 70 Acre area: For this SEZ full 100% land has been acquired.15 Crores 42 . 1. The reason why they opted for Gurgaon is because they think this location makes sense economically and is the most viable option for the company. etc ‐ Rs 27. In‐principle and formal approval has been taken for these SEZs. drainage. roads.
For the business model of coming years some of their financial details are: a.b. In‐principle and formal approval has been taken for these SEZ. Company is working on land acquisition part for this SEZ. Cost of Land and Development – Rs 80. Rain water harvesting. Rain water harvesting. Company is working on land acquisition part. Bans Hariya. 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. Gurgaon.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. For this SEZ 95% land has been acquired by now. roads. For the business model of coming years some of their financial details are: 43 . Company has planned to set up 35 Acre for residential purpose and 10 Acre of land for commercial activities in their Non‐Processing zone. etc ‐ Rs 5. roads.25 Crores b. roads. Boundary walls. They have planned to set up 105 Acre for residential purpose and 30 Acre of land for commercial activities in their Non‐Processing zone. Sewage treatment Plant. For this SEZ 76% land has been acquired by now. Company is working on land acquisition part for this SEZ. water supply. water supply.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. Company has planned to set up 87. etc ‐ Rs 14.5 Acre for residential purpose and 25 Acre of land for commercial activities in their Non‐Processing zone.5 Crores 5. etc ‐ Rs 42. Sewage treatment Plant. drainage. water supply. Cost of Land and Development – Rs 241 Crores b. Boundary walls. Sewage treatment Plant. Gurgaon. drainage. 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. Boundary walls. Gurgaon with a 300 acre area: For this SEZ 35% land has been acquired by now. Rain water harvesting. In‐principle and formal approval has been taken for these SEZ. drainage. For the business model of coming years some of their financial details are: a.
They have planned to set up 2000 Acre for residential purpose and 1000 Acre of land for commercial activities in their Non‐Processing zone. Company is working on land acquisition part. Cost of Land and Development – Rs 3010 Crores b. Boundary walls. roads. Sewage treatment Plant. Faridabad with a 2500 Acre area: For this SEZ 50% land has been acquired by now. of which two in Gurgaon and one in Faridabad. Cost of Land and Development – Rs 1500 Crores b. etc ‐ Rs 34. 1. They have planned to set up 1000 Acre for residential purpose and 500 Acre of land for commercial activities in their Non‐ Processing zone. Machigargh. water supply. For the business model of coming years some of their financial details are: a.a. Gurgaon with a 10. drainage. Jahajpur. Gurgaon with a 5000 Acre area: For this SEZ 25% land has been acquired by now. 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. In‐principle and formal approval has been taken for these SEZ. Village Boda Kalan.000 Acre area: For this SEZ 5% land has been acquired by now. roads.7 Crores Multi Products SEZ Emaar MGF is coming up with 3 SEZ in Haryana. water supply. water supply. drainage. Company is working on land acquisition part for all this SEZ. Company is working on land acquisition part. Rain water harvesting. Cost of Land and Development – Rs 6020 Crores b. etc ‐ Rs 514 Crores 3. roads. Cost of Land and Development – Rs 200. Boundary walls. Boundary walls. Rain water harvesting. etc ‐ Rs 1028 Crores 2. For the business model of coming years some of their financial details are: a. Rain water harvesting. Company is working on land acquisition part. drainage. Rain water harvesting. drainage. water supply. etc ‐ Rs 262 Crores 44 . roads. Sewage treatment Plant. For the business model of coming years some of their financial details are: a. Sewage treatment Plant. They have planned to set up 4000 Acre for residential purpose and 2000 Acre of land for commercial activities in their Non‐Processing zone.6 Crores b. Bhupani. Sewage treatment Plant. Boundary walls.
The Group is also developing an ultra‐modern Special Economic Zone (SEZ) in the NCR to help serve diverse industry segments. luxury hotels. commercial plazas and Special Economic Zones (SEZs). the Luxor Group has made huge investments in commercial real estate development and acquired suitable land for such premium projects as cyber cities. the Luxor Group has diversified into real estate development in 2003 and tied up with the renowned Uppal Group. restaurants. In a bid to promote the diversification move. The facilities provided would be housing apart from the IT space. The project is aims at concentrating on the IT and IT Enabled Services (ITES) companies. In tune with the current trend. schools. Luxor Group has got a nod for the Gurgaon SEZ (Special Economic Zone) to be called Luxor Cyber City. 45 . The SEZ land is located at Village Sikohpur. 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. supporting infrastructure such as. hospitals. 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. Gurgaon and it spread over an area of 28 hectares. operations and strategic partnerships. housing. A Cyber City. 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". 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. office complexes. Luxor Cyber City Pvt. entertainment zones among other essential services. Ltd. a corporate developer & builder with three decades of industry experience and more than 500 projects to its credit.
The company has a partnership with Europe's s.570 hectare is allocated to the SEZ. They have acquired 460 acres of land for the purpose and will expand it to 750 acres.Orient Craft Infrastructures Ltd. Part of the rest of the investment of Rs 1. The partnership entails setting up of retails stores in metros and other major cities in the next five years. 46 .000 crore. The project will take around 4 years to complete and by October this year the construction work will begin. a retailer of garments and lifestyle products. Mr. The SEZ will be having industrial.000 people. Other than Oliver.500 crore will come from these hotels and other companies. and commercial area. Oliver. In the official Master plan 2021 a total of 4. 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. Marks & Spencer. Orient Craft boasts of a long list of international clientele including Gap. They intend to come up with a unique product. Sudhir Dhingra. institutional. 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. Tommy Hilfiger. The `boutique SEZ' will house specialty players of the textile industry and is expected to provide employment to about 30. The other two phases are proposed to be completed by 2010 end and will also house some power companies and hotels. Garment exporter Orient Craft Ltd (OCL) plans to develop a 650‐acre textile Special Economic Zones in Gurgaon with an investment of Rs 2. and Ralph Lauren. The company finds that its experience in garments. clientele all across the world and its financially sound position is its strength and motivates it to venture into SEZs. residential. among others. Banana Republic.
IT/ITES SEZ Gurgaon This is a 250 Acre SEZ. This will make IT companies to opt for SEZs because of several incentives and tax benefits. Strength of Parsvnath: • • • • Robust land bank at emerging locations Reputed developer Well knitted marketing web Diversified business model Parsvnath is coming up with 9 SEZ all over India. Haryana. brand name and experience in developing several infrastructures like DMRC’s project. Moradabad is famous for Handicraft so a Handicraft SEZ at Moradabad. Parsvnath so believe that early move advantage. 47 . similarly Gems & Jewellery SEZ at Jaipur. Parsvnath has been very innovative while placing their SEZs in India. 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. One is 250 Acre IT/ITES SEZ at Gurgaon‐Sohna Road Gurgaon and another one is 250 Acre Food Processing SEZ at Kundli. They have placed their SEZs according to the specialty of the area like for example. 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. Parsvnath is having two SEZs in Haryana. Sonepat. makes them ahead of their competitors. Company is waiting for the Notification as full 100% land has been acquired.Parsvnath Developers Limited Parsvnath Developers. Agra is famous for leather so they are setting up a leather SEZ at Agra. In‐principal and formal approval has been take for the SEZ. IT/ITES SEZ at Gurgaon. Food Processing SEZ at Sonepat and so on.
49 . Company will depend on Government for power and water. Company is basically waiting for notification after that they will be working over Master Plan approval and its construction.Road shows. Company has even planned housing. share plans and demonstration are few strategies that company will be performing for persuading clients for their SEZ. commercial and malls for their non Processing Zone. According to them it will take near about 2‐3 year complete.
commercial and malls for their non Processing Zone. In‐principal and formal approval has been take for the SEZ. share plans and demonstration are few strategies that company will be performing for persuading clients for their SEZ. According to them it will take near about 2‐3 year complete. Company has even planned housing. makes them ahead of their competitors. 51 . as no other developer is coming up with the same SEZ. Company will depend on Government for power and water. brand name and experience in developing several infrastructures like DMRC’s project. Sonepat This is a 250 Acre SEZ. Parsvnath so believe that early move advantage. Company has acquired 50‐80% of land till yet.Food Processing SEZ Kundli. Road shows. They believe that they won’t be facing any competition as they would be having monopoly in this sector. 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.
Gurgaon Raheja Haryana SEZ Developers Pvt. Cable TV. Automotive batteries. Ltd. 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. therefore Raheja selected Gurgaon in NCR for the construction of IT SEZ. Insurance. As soon as they get the notification. 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. Software development and Petrochemicals. In their view. As Gurgaon is developing as IT hub. hotels. Food. the supply of IT services will be not adequate to fulfill the demand in future. The power and water supply will be taken by the government. Ltd. The area of this single product SEZ is 330 acres which has been acquired fully. Therefore. the construction work will begin. They were the first in SEZ market to get in‐principal approval from the Government Ghatta. Competition is bound to be there. The group is coming up with two SEZs in Haryana: one in multi‐product and the other in Electronic Hardware & Software including ITES. Retail. The group is expecting the notification in a short time.Raheja Haryana SEZ Developers Pvt. they think DLF Limited and all up coming small companies will give them competition. Hospitality. Health and beauty. The group has ventured into SEZ by the name of Raheja Haryana SEZ Developers Pvt. Location of the land and the strategy to make farmers their partners are strengths of the group. recreational activities etc. Gurgaon. Publication. The facilities provided in the SEZ would be housing for the workers. 52 . Mutual Funds. In this endeavor they have spread their scope from Real Estate to Building materials. According to Raheja’s.
hotels. they will be deciding which specific mode of advertising will be used to attract clients.By next year. The construction of multi‐product SEZ will start on the similar lines once IT/ITES SEZ becomes fully operational. The group considers that the land of its SEZ is the best located land in Palwal. They also intend of providing employment to at least one member of the farmers’ family and share some percent of profits with them. Raheja Haryana SEZ Developers Pvt. etc. The plans for this SEZ include rain water harvesting. Raheja’s plan to advertise through various media channels. Dharuhera‐ Rewari Belt With a positive view of the SEZ market in Haryana. Yet it considers the placing of its SEZ as its strength. The Central Government has given principal approval for the SEZ and till date 5‐10% land has been acquired. according to the group. At later stage. Gurgaon near Delhi‐Jaipur railway line. They have a unique way of working on SEZs. the company plans to prepare the master plan for the SEZ and simultaneously look for foreign investors. The SEZ will be spread across an area of 5000 acres and will be a multi‐product SEZ. electricity production through wind mills. The SEZ will come under industrial area once it expands. setting up of harvesting plants. The placing of this multi‐product SEZ has been done keeping in mind the expansion of Gurgaon City. are DLF Limited and Reliance Industries Ltd. 53 . it will take around 20 years for a fully operational multi‐product SEZ. According to executive whom we interviewed. housing facilities for workers. They plan to purchase the land directly from the farmers and in return make them partners in the company. Ltd. recreational activities. corporate farming. Once this is done construction part will start. The Rajan Raheja Group is coming up with SEZ in Dharuhera‐Rewari Belt. For the next couple of years main emphasis will be on acquisition of land. The major competitors.
Following are the some of the key financial indicators‐ Turnover Gross Profit Cash Profit Reliance Contributes‐ 7. 14. issue dated 25th July 2005. Reliance emerged as India’s Most Admired Business House. petrochemicals (polyester. Reliance Industries has been ranked at number 417. up from 482 in 2004. Its expertise lies in working on economies of scale and developing integrated right from the raw material to the reaching of the finished product to the end consumer. textiles.087 Crores USD 16. processes and systems.7 Billion USD 3.5% of the total market capitalization 11% weightage in the BSE Sensex 8% in the Nifty Index The Reliance Group Companies include: Reliance Industries Limited. refining and marketing. In the Fortune magazine list of the Top 500 global corporations. polymers and intermediates).8 Billion . founded by Dhirubhai H. 54 Rs 73.9% of Government of India’s indirect tax revenue 4.7% of India’s total Exports 7. 12.Reliance Haryana SEZ Pvt.3 Billion USD 2. for the fourth successive year in a TNS Mode Survey for 2004. Indian Petrochemicals Corporation Ltd. is India’s largest business house having activities that span exploration and production (E&P) of oil and gas. 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.164 Crores Rs. Reliance Industries Limited Reliance Industries Limited. and Reliance Life Sciences Limited.261 Crores Rs. The company exports its products to more than 100 countries the world over. Ltd. Ambani (1932‐2002).
Panipat and Faridabad are some of the key districts that have to be developed as part of the NCR.Some of the projects of mega magnitude that it has undertaken are‐ Establishing the Patalganga Petrochemical factory Commissioning of the world’s third largest refinery at Jamnagar in a record time Setting up of an over 60. The National Capital Region includes Delhi and its satellite towns. One third of Haryana is part of the NCR plan. 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. The development of shopping malls. The SEZ should be able to attract MNC developers as investors also. 55 . It has many multinationals as well as National Companies shifting and establishing their headquarters in the City. In the last decade economic development has taken place in the suburbs of Delhi NCR. as per Reliance’s internal policies. the norms and standards behind the configuration of infrastructure will be kept as high as possible. To this end.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. 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. Rohtak. commercial and residential infrastructure has been tremendous but there is still a lot to be desired. Gurgaon.
Roads though wide. This would provide for linkage to the proposed SEZ also.000 hectares (25. 56 . 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. resulting in traffic.000 acres). 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. and its continued growing needs. The Focus of the SEZ will be on development of non/low‐polluting medium and large industries. 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. Lack of a contiguous sewerage system and a system of appropriate waste disposal. as also trading and services. Unregulated flow of traffic. 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. 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. are not designed to cater to the overflow of the traffic that is coming in from Delhi. It is proposed to have a Rail Line within the SEZ along with an International Container Depot. which will ensure sustainable development of medium and large scale industries and service activities with sufficient provision for future growth and expansion. It is for this reason that the plan will emphasize on the internal development of roads. power generation and supply and sewerage. National Highway (NH 8) will also be of equal importance.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. It is proposed by the Haryana government to extend the Metro Link from Delhi to Manesar. Locating the Reliance SEZ The intention is to build a fully integrated multi product economic zone. The size of the SEZ will be in excess of 10. water supply. Adequate development of external infrastructure such as full development of connectivity to the KMP expressway. The proposed Special Economic Zone will function as an integrated package with all the required facilities.
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. 57 . water. pollution control and the like. Facilities for Industrial Waste Management (collection. The size must cater to the demands of the growing new economic initiatives. restaurants. recreation centers. The SEZ units would. auditorium.SEZ Master Plan‐ General Considerations The entrepreneurs who will set up industries in the SEZ would undoubtedly have their own individual requirements. be subject to the local laws. electricity. Although as per present government regulations the minimum size of SEZ should be 1000 hectares. with complete amenities such as Airport. Amenities such as clubs. 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. on commercial lines. family entertainment centers. the Master Plan must provide for availability of built‐to‐use design factories and flatted factories according to the customer’s requirement. green belts as a part of arboricultural scheme. sewerage disposal. While planning the SEZ development. sewerage etc. the following factors will be taken into account: SIZE: Size of the SEZ is an important issue. Besides. community halls. rules and regulations in regard to area planning. and it is expected that a single authority clearance for all matters is created. the Master Plan will provide for:‐ Availability of services like security. etc. certain communal‐level facilities will have to be provided such as‐ Amenities in the form of landscape features such as open green areas. especially for a fast expanding region of the NCR. However. etc. green buffers along the peripheral. Besides. processing and disposal) Availability of labor at reasonable cost. Rail links as well as a bustling economic activity mix.
It is advisable to develop standardized modules of the plots within the proposed activity mix. Services and amenities: The Master Plan will take into account planning for services and amenities. Transportation: The Mater Plan will lock at the transport linkages. Rail linkages. As the SEZ requires regional.000 Hectares (25. storage and handling of industrial waste. Management: Various aspects such as monitoring of the polluting control norms and standards control over goods. KMP Expressway. national as well as international linkages for freight movement. etc. In addition the layout will be developed with complete understanding of the phasing program.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. Advance planning of services and amenities avoids problems of administration later. as it is a multi‐ modal transport interchange mode. This will automatically allow flexibity in planning to accommodate future development. 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. Delhi enjoys the advantages of an advantage of an ideal location at the regional level. Integration of the financial aspects with physical planning aspects is the most important factor for success in implementation. The Master Plan would take into account the relevant aspect of the management of the entire SEZ and the city. it generates a lot of traffic. 58 . need advance planning.000 Acres) Layout: The whole area will be suitably divided into a number of identified activity centers of different sizes. common effluent treatment. Advance planning can substantially reduce the problems arising from maintenance of infrastructure. The plan will have to take into account the linkages with the NH 8.
offices at one place . recreation centers.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. World class infrastructure. institutions. Airport etc.
Technical Development and implementation of the master plan. Hospital. Construction and related services. Ernst & Young. Jurong International Group‐ Singapore is one of the largest SEZ developers in the world with a presence in 29 countries and 104 cities. Ltd. 10 km from IMT. Manesar spread over an area of 250 acres. making of the Project Report. Established over two decades back Rockman Group has had diverse business interests including Imports. Professional Services.Rockman Projects Ltd. Design. Management Consultants will be teaming up with Rockman to liaison with various Government Bodies for necessary permissions etc. They will assist Rockman in Master Planning. Investment services. Within 2 months formal approval will be taken and by the year end the company will get its land notified. Architecture & Landscape. Breweries. Setup. Tourism. Rockman has also joined hands with some of the World's best names to support its new initiative. Advertising & Marketing Services. Then construction work will start which will take about 18 months to complete. as its competitor. Environmental. Trading and Warehousing services. The company considers Uppal Developer Pvt. Demand Assessment and Development Planning. Biotechnology and Entertainment services etc can be set up. Financial. Macro Economic Analysis) work out feasibility in Joint Venture participation. Project Structuring. Infrastructure Engineering Services. These include its technical partners. Computer Software Services. CB Richard Ellis Professional Consultants will carryout Market Study (analysis of Location Dynamics. Debt and Equity Funding etc. In Multi services SEZ that is coming up at Delhi‐Jaipur National Highway. and Real Estate etc. 60 . The land has already been acquired fully and the in‐principal approval been taken by the Central Government. Metal & Coal. Recreational. Educational.
as their competitor. The company finds its strength in the technical expertise of Unitech and its joint venture in automotive sector. Jai Bharat Maruti and Minda Industries. Later on they’ll take up water harvesting. considers Emaar MGF Land Pvt. The company plans to come up with housing and commercial activities in the non‐processing zone. This single product SEZ has received in‐principal approval from the Central Government and has acquired almost 70% of the total land. Ltd. As for the next one year they will concentrate of acquiring the remaining land and getting it approved. But in regard with their marketing of their SEZ. And once the master plan gets finalized and infrastructure gets constructed they will start the marketing. The area of this SEZ is 250 Acres. Ltd. He started this venture with the help of the two companies. Ltd. This company is a Joint Venture of Unitech Group. In the beginning. Shreeaumji Developers Pvt. It will take around 2 years for the construction work to get over. Shreeaumji Developers Pvt. Once it gets formal approval they will start with marketing and housing and commercial activities. they have no problems as such. They have location benefit as they already have a plant in Gurgaon. The CEO of Shreeaumji Developers Pvt. It al ready has a tie up with Nissan. The company is coming up with two SEZs in Gurgaon: one in Automotive and the other in Apparel. At later stage if need arises then they’ll be taking help from any financial institution.Shreeaumji Developers Pvt. is a new entrant in the market of SEZ. Funds are not its problem at present. Faruknagar. They already have tie up with Japanese companies. (50% has been acquired and 20% is in process of acquisition. Ltd. has been an employee of Unitech Group. Ltd. Gurgaon The SEZ to be constructed at Faruknagar is an Automotive SEZ. 61 .) The land has been acquired by the company itself till now. But the company will take help from Government if the need should arise. the power and water supply will be catered by the government.
they have no problems as such. The company plans to come up with housing and commercial activities in the non‐processing zone. Just like Automotive SEZ the area of this SEZ is 250 Acres. Ltd. the power and water supply will be catered by the government. 62 . The company finds its strength in the technical expertise of Unitech. Shreeaumji Developers Pvt. considers Orient Craft Infrastructure Ltd. As for the next one year they will concentrate of acquiring the remaining land and getting it approved. Later on they’ll take up water harvesting. as their competitor in apparel. Once it gets formal approval they will start with marketing and housing and commercial activities. It will take around 2 years for the construction work to get over. But in regard with their marketing of their SEZ. Funds are not its problem at present.Faruknagar. But the company will take help from Government if the need should arise. They have location benefit as they already have a plant in Gurgaon. At later stage if need arises then they’ll be taking help from any financial institution. Once the master plan gets finalized and infrastructure gets constructed they will start the marketing. This single product SEZ has also received in‐principal approval from the Central Government and has acquired almost 70% of the total land. In the beginning. Gurgaon Another SEZ that has to be constructed at Faruknagar is an Apparel SEZ. (50% has been acquired and 20% is in process of acquisition) The land has been acquired by the company itself till now.
Rajasthan. Ltd Suncity Projects Pvt. Suncity is having a positive view for the future SEZ market in Haryana. With break ‐through technologies and development mediums the group has with every step.000 hectare multi‐ product SEZ near Ambala that entailed an investment of about Rs. 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. as area is very large. The company brings together the unmatched experience and expertise of three of India's most reputed business conglomerates: the Essel Group. 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. customer service and Community values. their good delivery record and good customer contacts.000 people. 63 . progressed towards giving an outstanding result.000 crore. Suncity believes that strength which keeps Suncity ahead of their competitors is its sound promoters (The Essel Group. IT/ITES with an area of 103. The group is focused on innovative design. Besides. While two SEZs are coming up in Haryana.1 in Ambala. The Action Group and The Odeon Builders).e. Suncity's IT SEZ envisaged an investment of Rs.Suncity Haryana SEZ Developers Pvt. Of suncity’s 2 SEZ in Haryana Region one is Single Product SEZ i. one is planned in Neemrana. superior standards of construction. Suncity Projects foresees a spectrum of assignments ranging from complete township to high rise apartment complexes to giant shopping malls to amusement parks. 16. 811 crore and would provide employment to 24. the company says that had been given in‐principle nod for a 3.195 Acre in Gurgaon and another one is a Multi Product with an area of 8093. but are less focused towards it because of the difficulties in acquisition of land. Subhash Chandra‐promoted Essel group's Sun City received approvals to set up three zones. the Action Group and the Odeon Builders. Each project is a showpiece in its category reflecting the highest standards of planning and construction comparable with the very finest in the business.
They estimate that it would take 2‐3 years to complete with fully functional SEZ. Suncity at present have no client for their SEZ. Suncity opted to have an IT SEZ in Gurgaon because Gurgaon has become an IT hub. no land has been acquired till date and waiting for governments policy to be changed. Gurgaon” A IT/ITES 103. Haryana with principal and formal approval been taken. Only then they will start with this SEZ otherwise they show no interest in SEZ. No Competition. Suncity is expecting notification for their SEZ within a month.e.195 Acre SEZ going to be developed in Gurgaon. They have not planned anything for their SEZ because government policies. Advertising would be mainly through media channels.Single Product SEZ “Jhund Sarai. so they thought it will help them to attract clients for their SEZ. They believe acquiring land is very difficult part in process of developing SEZ. full 100% land has been acquired till date and waiting for its Notification. Once it get approval for their Master Plan will go construction part. They are going in SEZ just because of the benefits which developers would be getting for developing an SEZ. which will help them in land acquisition. After being notified they will complete master plan. Haryana with In‐principal approval been taken. Multi Product “Ambala Haryana” A Multi Product 8093. 64 . They have not even thought of competition and competitor. They have not even started with any strategy to attract Clients. Suncity basically have no interest in SEZ’s. They even don’t bother of their In‐principle approval which will expire by next year.1 Acre SEZ going to be developed in Ambala. Their plans for next one year depends on if government helps in acquisition. Suncity thinks that as Gurgaon is IT hub so demand will be more and supply will be less i. For this SEZ Suncity believe they won’t be facing any competition. For future they are planning to opt for advertisement to persuade clients for their SEZ.
For the next one year Unitech Haryana SEZ Ltd. which is likely to be funded through promoters’ equity and term finance. As per the agreements. 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. in case the developing agency is unable to acquire the land for any of the phases. HSIIDC will facilitate with the State Govt. This SEZ is located at Village Ghata. The SPVs shall procure the entire land comprising the project site at their cost. commercial and institutional utilities. The well established brand name.48 hectares 65 . Unitech Group is coming up with a number of SEZs with different SPVs. One such kind of SPV is Pioneer Urban Land and Infrastructure Ltd. to be implemented in phased manner. The company considers DLF Limited and Reliance Industries Ltd. The project. The clientele for the SEZ has been almost established. Unitech Haryana SEZ Ltd. and timely delivery are the strengths of the company. The Unitech multi‐product SEZ in District Sonepat is being set up near Kundli over an area of about 10000 acres. 000 crore. However. It is an IT/ITES SEZ having the total land area of 40. Gurgaon. 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 cost of developing infrastructure in this SEZ would come to around Rs. its strong clientele.10. the state govt. as its major competitors. 35 percent of the total area in this SEZ will be utilised for industrial purpose and the remaining for residential. In the SEZ. The project would be set up by special purpose vehicles (SPVs) to be incorporated by HSIIDC and the JV partner companies. does not have any definite plans as the government policies are changing. has an employment potential of more than 1. near NH‐8. there is a provision for 10 percent sweat equity for HSIIDC.25 lakh persons directly.
Since IMT Manesar is very close by. Gurgaon. an obsession with timely completion & delivery. Manesar. commercial complexes and shopping‐cum‐office complexes. Gurgaon. Haryana. Ltd Since its inception in 1979. an unflinching commitment to Quality and the Quest to achieve more. It is a multi‐services SEZ that will host knowledge industries like IT‐ITeS.500 crore on developing approximately 22 million sq ft of built‐ up space here. robotics. Uppal's SEZ is located at Villages Rathiwas. Bhudka. Uppal Developers Pvt. nanotech and other R&D‐focused operations. It will take around 8‐10 years to complete the construction. The land was acquired when the SEZ policy was not clear. on Main National Highway‐8 approximately 10 Kms towards Jaipur from IMT. is an SPV (Special Purpose Vehicle) of Uppal Housing Ltd. Uppal Developers Pvt. The detailed master plan for this project is in advanced stage and by July next year the construction work will begin. All of these bear the stamp of Uppal’s belief in Quality and Perfection. The strategic placing of SEZ gives it a lot of advantage. 66 . 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. Bhodakalan. biotech. and would fund the project cost both by internal accruals and debt and the final equity structure would be finalised soon. They are the first developer in the country to have got a gazetted notification for developing a multi‐services SEZ. therefore for the industrial area will be very prove to be very beneficial for a multi‐services SEZ. Each of these has been built on the basic principles of hard work. Distt. Ltd. the Group with over 500 projects has emerged as one of the leading real estate developers in the country. 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. They are in talks with foreign developers and real estate venture funds for equity participation in this project. They are today altering the landscape of Delhi and NCR by building corporate complexes. The group will invest an estimated Rs 6.
The company considers that its robust infrastructure (including arterial roads connecting each zone to the national highway and expressway). The notification is awaited. effective marketing strategy are its strength.In addition. timely payments.S. 62‐acre SEZ whose site is 3. They are having a tie up with the U. This single‐product SEZ will focus on the IT‐ITES sector.5 km before Manesar. TCG group. efficient transportation facilities within the SEZ and to and from Gurgaon city area Environment friendly zone. own land bank. 67 . The well established brand image of the company facilitates it to attract the clients. it is looking at developing a second. based MNC. direct road connectivity to the nearest railway track off the Delhi‐Rewari rail line. The group already owns the land for this project.
The total investment in the project is likely to be in excess of Rs 1200 crore. 68 . with future in mind. Vipul is also having tie up with Varcovia Bank for investment in the project. along with its international affiliate Banyan Real Estate. Gurgaon Haryana.200 crore proposed Special Economic Zone (SEZ) in Gurgaon. The project has received an in‐principle and formal approval from the Ministry of Commerce. Vipul group says that they are committed to deliver the special needs of their customers. Thereafter. The company. 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. the company has executed four commercial and four residential projects. Convergys. 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. In their world class commercial properties are Vipul Square.. The company’s commercial portfolio boasts of a number of prestigious complexes that house corporate like Gillette. 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. And today they have expanded beyond the real estate business. Vipul Groups consist of Vipul Real Estates. an 11‐year‐old real estate developer. Now they are waiting for it to get notified as they have full 100% land which is required for the development of the SEZ. Electrolux. Millennium plaza and statesman House.5 per cent and take a stake in Vipul's Rs 1. Vipul Facilities management and Vipul Laing O ‘Rourke. has agreed to invest 16. Vipul Limited Vipul Ltd. Vipul is developing this IT/ITES SEZ in Gurgaon because of the most common reason of Gurgaon has become an IT hub these days. etc. Global Business Park. Landmark Holdings of the Dalmia Group.
because according to them marketing demand push is low in Gurgaon as compared to any other place.Vipul finds DLF Limited to be its major competitor in this sector. which they feel keeps them ahead of their competitors. But. they also mentioned might be they can come up with something different in this sector. Vipul is also not very much sure for their SEZ as not yet decided whether to go for SEZ or some other project. Still they would prefer Media channel promotion for their SEZ. Vipul say they won’t have to make much of efforts for attracting clients for their SEZ. Vipul also say they are here to do business and will always prefer to go for best opportunity with whom they could make good amount of profit. 69 . Providing quality products and products on reasonable prices are few strength of Vipul’s.
e. IT/ITES is the most common single product SEZ in Haryana. o H1: There is difference among existing SEZs in Haryana. The farmers from whom the land will be purchased will eventually become their partners and will share the profit. Maximum number of Single product SEZs has acquired their land. which is advantageous due to its connectivity with the SEZs. Every company believes that there is a positive future for the SEZ market in Haryana. According to their perception supply would be dominating demand. Raheja Developer’s are coming up with a unique concept for their SEZ. This will attract IT companies to occupy space in SEZs. is the giving biggest competition of Reliance Haryana SEZ Pvt.000 Acre.000 Acre) Multi‐product SEZ in Haryana as compare to Reliance’s SEZ i. Many companies believe that won’t be facing any competition. This is because of STPI norm which is providing additional benefits and incentives specifically to IT/ITES companies.e. Almost all of the Multi‐Products SEZs are at the starting stage of Land Acquisition (10‐25% been acquired). Most of the companies are waiting for the government policies to stabilize. Emaar is coming for largest number of SEZs in Haryana i. Ltd. as they coming up with second largest (20. Conclusion After Conducting the entire survey and analyzing the data collected following conclusions were made: Hypothesis H1 is true. 70 . DLF Ltd. Kundli‐Manesar‐Palwal Highway touches most of the Multi‐Product SEZs in Haryana. 25. 10. It will expire by 2009.
For example.com www. Leather at Agra.in En.in www.financialexpress.org www.indianindustry. Gems & Jewellery at Jaipur etc.meaindia.com Rediff news & many other NEWS Sites 71 .Parsvnath has strategically placed their SEZs.aqod. on basis of locations specialty for a specific product.expressindia. News Articles and websites. Bibliography We referred to various News Papers.com www.businessworld. Websites:‐ • • • • • • • • • • • www.com www. Handicraft at Moradabad. IT/ITES at Gurgaon.in www.nic.sezindia.wikipedia.nic.com www.indianraj. Food Processing at Kundli.com www.projectsmonitor.
Single product _________________(Specify) b. Panipat d. Any Other (Please Specify)________________________ 5. Jhajjar h. Multi Product 2. Which area of Haryana is the SEZ being developed a. Sonepat c. Ambala e. Why this Product? ____________________________________________________________________ ____________________________________________________________________ ____________________________________________________________________ 3. Palwal f. Type of SEZ: a. Faridabad g.Annexure‐I QUESTIONNAIRE Analyzing SEZ’s scenario in Haryana Name of Developer: ______________________________________________________________________________ Name of SEZ: ______________________________________________________________________________ 1. Area in acres: ______________________________________ 4. Gurgaon b. Why this location? __________________________________________________________________ 72 .
g. Emaar MGF Land Pvt. No 7. D. j. Has the principal approval been taken from the Central Government? a. h. What are your plans for the Non Processing Zone? ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ 12.S. DLF Limited c. What in your view would be the future of the SEZ market in Haryana? a. Yes b. Suncity Haryana SEZ Developer Pvt. Positive b. Constructions Ltd. how much land has been acquired till date? ______________________________________(Approx. f. Ansal Properties and Infrastructure Ltd d. e. Uppal Developer Pvt. Ltd. Reliance Industries Ltd. i. Whom do you find to be your major competitor? a. Unitech Haryana SEZ Ltd. Ltd. What would be your Strategy to persuade/attract clients to your SEZ once it is completed? ______________________________________________________________________________ ______________________________________________________________________________ 73 .__________________________________________________________________ __________________________________________________________________ 6. b. Raheja Haryana SEZ Developers Pvt. Ltd. Ltd. According to you what is your strength which makes you ahead of your competitors? ______________________________________________________________________________ ______________________________________________________________________________ 11.) in percentage 8. If yes. Negative 9. Any other (Please Specify)_____________________________________________ 10.
______________________________________________________________________________ ______________________________________________________________________________ 13. What would be your business model for the next one year? ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ 15. Any plans for power management and water supply? ______________________________________________________________________________ ______________________________________________________________________________ ______________________________________________________________________________ Name of Head: __________________________________ Contact info: __________________________________ __________________________________ 74 . Yes b. No 14. At present do you have some clients? a.
Annexure‐II In‐principle Approval 75 .
Formal Approval 76 .
Notifications 77 .
. forward it along with their commitment to the following to the Department of Commerce. That the units would be given full exemption in electricity duty and tax on sale of electricity for self generated and purchased power.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). 78 . turnover tax and any other duty/cess or levies on the supply of goods from Domestic Tariff Area to SEZ units. mode of financing and viability of the project. To allow generation. 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. transmission and distribution of power within SEZ. Its area. That for units inside the Zone. indicating name and address of the applicant. Can Foreign Companies set up SEZs ? Yes How can one apply for setting up of SEZs ? 15 copies of application. That water. octroi. Details of foreign equity and repatriation of dividends etc. including investment proposed. Financial details. electricity and other services would be provided as required. Government of India: • • • • • • That area incorporated in the proposed Special Economic Zone is free from environmental restrictions. 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. The State Government shall. mandi tax. To exempt from State sales tax. distance from the nearest sea port / airport / rail / road head etc. if any Whether the Zone will allow only certain specific industries or will be a multi‐product Zone.
The SEZ units shall abide by local laws. the States must satisfy themselves that they are in a position to supply basic inputs like water. Detailed guidelines on setting up of SEZ in the Private/Joint/State Sector is given in Appendix 14‐II. sewerage disposal. a letter of permission will be issued to the applicant. What is role of State Governments? State Governments will have a very important role to play in the establishment of SEZ. Representative of the State Government. Wherever the SEZs are landlocked. who is a member of the Inter‐Ministerial Committee on private SEZ. Minimum area of 1000 hectares will not be applicable to product specific and port/airport based SEZs. The proposal incorporating the commitments of the State Government will be considered by an Inter‐ Ministerial Committee in the Department of Commerce. 79 . electricity.• That single point clearances system and minimum inspections requirement under State Laws/Rules would be provided. etc. rules and procedures applicable to such SEZ.N of Handbook of Procedures Volume I. They shall also comply with industrial and labour laws as may be locally applicable. On acceptance of 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. rules. Before recommending any proposals to the Ministry of Commerce & Industry (Department of Commerce). regulations or bye‐laws in regard to area planning. Such SEZ shall make security arrangements to fulfill all the requirements of the laws. pollution control and the like. an Inland Container Depot (ICD) will be an integral part of SEZs. 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. is consulted while considering the proposal.
security. educational and recreational facilities on a case to case basis. 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. Vol. electricity. The units are also to execute a bond with the Zone Customs for their operation in the SEZ. 3 copies of project proposal in the format prescribed at Appendix 14‐IA of the Handbook of Procedures. Income of infrastructure capital fund/co. (b) franchise for basic telephone service in SEZ.1. Vol. Authorised to provide and maintain service like water. Duty free import/domestic procurement of goods for development. before the Letter of Intent is issued. How to set up a unit in SEZ? For setting up a manufacturing. a Legal Undertaking is required to be executed by the unit with the Development Commissioner.What are the facilities Incentive/ Facilities to SEZ Developer? 100% FDI allowed for: (a) townships with residential. restaurants and recreation centres on commercial lines. 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. The units have to provide periodic reports to the Development Commissioner and Zone Customs as provided in Appendix 14‐I F of the Handbook of Procedures. trading or service units in SEZ.1.1 to be submitted to the Development Commissioner of the SEZ. For this purpose. What is the obligation of the Unit under the Scheme? SEZ units have to achieve positive net foreign exchange earning as per the formula given in paragraph Appendix 14‐II (para 12. Clearance from the Department of Policy and Promotion/Board of Approvals. What is the approval mechanism for the units? All approvals to be given by the Unit Approval Committee headed by the Development Commissioner.1) of Handbook of Procedures. 80 . Vol. Generation. • • • • • • • • • Income Tax benefit under (80 IA) to developers for any block of 10 years in 15 years. wherever required will be obtained by the Development Commissioner. operation and maintenance of SEZs Exemption from Service Tax /CST.
distillation and brewing of alcoholic drinks and cigarettes . duty free. Duty free import/domestic procurement of goods for setting up of SEZ units. office equipment. for implementation of their project in the Zone without any licence or specific approval. all their requirements of capital goods. Goods imported/procured locally duty free could be utilised over the approval period of 5 years. Any company set up with FDI has to be incorporated under the Indian Companies Act with the Registrar of Companies for undertaking Indian operations. Domestic sale of finished products. 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. 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. 81 . Income tax: Physical export benefit 100% IT exemption (10A) for first 5 years and 50% for 2 years thereafter. by‐products on payment of applicable Custom duty. Domestic sales by SEZ units will now be exempt from SAD. DG sets etc. spares. packing materials. raw materials. narcotics and hazardous chemicals. Domestic sale rejects and waste and scrap on payment of applicable Custom duty on the transaction value. cigars and manufactured tobacco substitutes. atomic substance. consumables. explosive.
Central Sales Tax Act: Exemption to sales made from Domestic Tariff Area to SEZ units. Freedom to bring in export proceeds without any time limit. Freedom to make overseas investment from it. Commodity hedging permitted. OBU's allowed 100% Income Tax exemption on profit for 3 years and 50 % for next two years. hotels and non‐polluting service industries in the Coastal Regulation Zone area Exemption from public hearing under Environment Impact Assessment Notification Companies Act: 82 . Banking/Insurance/External Commercial Borrowings: Setting up Off‐shore Banking Units allowed in SEZs. Income Tax Act: Service Tax: Exemption from Service Tax to SEZ units Environment: SEZs permitted to have non‐polluting industries in IT and facilities like golf courses. SEZ units allowed to 'write‐off' unrealized export bills. External commercial borrowings by units up to $ 500 million a year allowed without any maturity restrictions.No cap on foreign investments for SSI reserved items. Flexibility to keep 100% of export proceeds in EEFC account. desalination plants. Exemption from interest rate surcharge on import finance.
Whether SEZs have been exempted from Labour laws? Normal Labour Laws are applicable to SEZs. Enhanced limit of Rs.4 Crores per annum allowed for managerial remuneration Agreement to opening of Regional office of Registrar of Companies in SEZs. Sub‐Contracting/Contract Farming: SEZ units may sub‐contract part of production or production process through units in the Domestic Tariff Area or through other EOU/SEZ units SEZ units may also sub‐contract part of their production process abroad. Exemption from requirement of domicile in India for 12 months prior to appointment as Director. which are enforced by the respective state Governments. 2. 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. 83 . 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. 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. 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.
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. on annual basis. faced by the units/developer. 84 . including second hand machineries.9. SEZ units function on self certification basis. What about the Licenses for Imports? No License is required for imports. the statutory functions are controlled by the Government. In rest of the operation and maintenance are privatised. 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. What is the practical role of Development Commissioner? Development Commissioner is the nodal officer for SEZs and help in resolution of problem. Custom and representative of State Govt.No. If one buy goods from DTA should they require paying State Sales Tax and Excise? No. if any. Who monitor the functioning of the units in SEZ? Performance of the SEZ units monitored by a Unit Approval Committee consisting of Development Commissioner. Routine examination of goods by customs in the EOU is common.2002). dated 15. 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. State has exempted the sales from DTA to SEZ from local levies and taxes. Government also controls the operation and maintenance function in the 7 Central Government controlled SEZs. 4(2)/2002‐ECB.
Buyer procuring from another unit pays in Foreign Exchange. 85 . Inter Unit Sales are permitted as per the Policy. Will it be possible to supply to other units in SEZ? Yes.
Annexure‐IV Glossary Applicant ‐The person on whose behalf the application is made and shall. research and development. machine tools. operates. technological upgradation or expansion. Consumer Goods‐Any consumption goods. BOA ‐The Board of Approval as notified by the Department of Commerce Capital Goods ‐Any plant. agriculture. A component includes an accessory or attachment to the component. modernisation. 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. equipment or accessories required for manufacture or production. promotes. maintain or manages a part or whole of the infrastructure and other facilities in the Special Economic Zones as approved by the central Government. but does not necessarily. refrigeration equipment. organises. power generating sets. quality and pollution control. poultry. Consumables ‐any item. Capital goods also include packaging machinery and equipment. builds. including those required for replacement. Barter trade or any similar arrangement. aquaculture. finances. Capital goods may be for use in manufacturing. form part of the end‐product. which can directly satisfy human needs without further processing and includes consumer durables and accessories thereof. animal husbandry. pisciculture. Exports/Imports under Counter Trade may be carried out through Escrow Account. wherever the context so requires. firm and such other private or government undertaking. include the person signing the application. either directly or indirectly. equipment and instruments for testing. The balancing of exports and imports could wholly or partly be in cash. Items. Developer ‐A person or body of persons. sericulture and viticulture as well as for use in the services sector. refractories for initial lining. Buy Back arrangements. 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. of goods or for rendering services. company. horticulture. machinery. goods and/or services. which are substantially or totally consumed during a manufacturing process. designs . floriculture. will be deemed to be consumables. 86 . who develops. which participates in or is required for a manufacturing process. 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. catalysts for initial charge. mining.
value or both. 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. 87 . Licensing Year ‐ The period beginning on the 1st April of a year and ending on the 31st March of the following year. Export Obligation ‐ The obligation to export the product or products covered by the licence or permission in terms of quantity. DFRC ‐ Duty Free Replenishment Certificate. Drawback ‐Relation to any goods manufactured in India and exported.4 of the Policy. The goods include imported spares. as may be prescribed or specified by the licensing or competent authority. Infrastructure facilities ‐ Industrial. means the rebate of duty chargeable on any imported material or excisable material used in the manufacture of such goods in India. Exporter ‐ A person who exports or intends to export and holds an Importer‐Exporter Code number unless otherwise specifically exempted.2) published under the provisions of the paragraph 2. Domestic Tariff Area ‐ Area within India which is outside the Special Economic Zones. Licensing Authority ‐ The authority competent to grant a licence under the Act/Order. Handbook (Vol. commercial and social infrastructure or any other facility for the development of the Special Economic Zone as notified.1) ‐ The Handbook of Procedures (Vol.Development Commissioner ‐The Development Commissioner of the Special Economic Zone.2)" means Handbook of Procedures (Vol. EHTP ‐Electronic Hardware Technology Park. Importer ‐ A person who imports or intends to import and holds an Importer‐Exporter Code number unless otherwise specifically exempted.1) and "Handbook (Vol. ITC (HS) ‐ ITC (HS) Classifications of Export and Import Items Book. if supplied with capital goods manufactured in India. 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). EOU ‐ Export Oriented Unit.
but which are still in a raw. basic materials which are needed for the manufacture of goods. viticulture and mining. remaking. unrefined or unmanufactured state. produce. process or bring into existence. A part may be a component or an accessory. sericulture. character or use and shall include processes such as refrigeration. a new product having a distinctive name. animal husbandry. refurbishing. testing calibration. Notification ‐ A notification published in the Official Gazette. Policy ‐ The Export and Import Policy. Part ‐ An element of a sub‐assembly or assembly not normally useful by itself and not amenable to further disassembly for maintenance purposes. aquaculture.4 of the Policy. firm. and For a manufacturer. NFEP ‐ Net Foreign Exchange Earning as a percentage of exports. corporation or any other legal person. 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. any materials or goods which are required for his manufacturing process. Raw material – i. society. Manufacturer Exporter ‐ A person who exports goods manufactured by him or intends to export such goods. labeling. 88 . natural. Manufacture. Person ‐ An individual. floriculture. poultry. company. re‐engineering. Prescribed ‐ Prescribed under the Foreign Trade (Development and Regulation) Act. pisciculture. shall also include agriculture. horticulture. re‐packing. assemble.Manufacture ‐ To make. by hand or by machine. Re‐conditioning repair. 2002‐07 as amended from time to time. ii.1). MAI‐ Market Access Initiative Merchant Exporter ‐ A person engaged in trading activity and exporting or intending to export goods. Public Notice ‐ A notice published under the provisions of paragraph 2. whether they have actually been previously manufactured or are processed or are still in a raw or natural state. 1992 (No. Order ‐ An Order made by the Central Government under the Act. 22 of 1992) or the Rules or Orders made thereunder or under this Policy. for the purpose of this Policy. fabricate. polishing.
Unit Approval Committee ‐ The Committee notified for Special Economic Zones to consider proposals on matters relating to Special Economic Zone unit under its jurisdiction. 1972. Ships ‐ All types of vessels used for sea borne trade or coastal trade and shall include second hand vessels. shipping bills shall indicate the name of both the exporter/manufacturer and exporter(s). In such cases. and (iii) Supply of a ‘service’ from India through commercial or physical presence in the territory of any other country. SEZ ‐ Special Economic Zone notified by the Ministry of Commerce & Industry.2).Specified‐ Specified by or under the provisions of this Policy. 2002‐07/approved by Board of Approval. SION ‐ Standard Input Output Norms notified by DGFT in the Handbook (Vol. Spares ‐ A part or a sub‐assembly or assembly for substitution. Status holder ‐ An exporter recognized as "Export House/Trading House by DGFT/ Development Commissioner or Star Trading House/ Super Star Trading House" by the Director General of Foreign Trade. Wild Animal‐ Any wild animal as defined in Section 2(36) of the Wildlife (Protection) Act. 89 .Rules ‐ Rules made by the Central Government under Section 19 of the Act. (ii) Supply of a ‘service’ from India to the service consumer of any other country in India. (iv) Supply of a ‘service’ in India relating to exports paid in free foreign exchange. Services ‐ All the tradable services covered under General Agreement on Trade in Services and earning free foreign exchange. Service Provider ‐ A person providing: (i) Supply of a ‘service’ from India to any other country. that is ready to replace an identical or similar part or sub‐assembly or assembly. STP‐ Software Technology Park Third‐party exports ‐ Exports made by an exporter or manufacturer on behalf of another exporter(s). Department of Commerce. Spares include a component or an accessory.
90 .Zone Development Board‐ The Zone Development Board notified for Special Economic Zones to consider matters relating to development. operation and maintenance of SEZs.
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