Infrastructure - Special Economic Zone

Back

Introduction
The concept of SEZ in India was introduced in Exim Policy 2000 Special economic zone (SEZ) is a specifically delineated, duty free enclave and shall be deemed to be foreign territory for the purpose of trade operations and duties and tariffs. SEZs in operation

Kandla SEZ Sur SEZ Surat Apparel Park SEZ

Benefits Internationally competitive and hassle free environment for export promotion.

World class infrastructure standards and facilities in the form of power supply, airport, seaport, railways, roads and telecommunication. Access to social infrastructure-residential, recreational, health care and educational. Large employment opportunities. Potential for earning foreign exchange.

Eligibility Criteria

SEZ can be developed and managed in the private sector, jointly by the state government and a private party, or by the state government or its agency. SEZ shall not be less than 1000 hectares in size (except existing EPZs and product specific SEZs). SEZ and units therein will abide by local laws, rules and regulations. Only units approved under SEZ scheme will be permitted to be located in the SEZ.

Application Process Flow Proposal ---> Chief Secretary of state ---> GOI, Department of Commerce ---> approval ---> Letter of Permission will be issued. Necessary Documents Proposal with detailed project report

New SEZs to come up in Gujarat

The Government of Gujarat is planning to build two Special Economic Zones to enhance investment possibilities in the state. The Gujarat Industrial Development Corporation in its pre-feasibility study has identified Dahej for SEZ at a cost of Rs 1,000 crore. A proposal has already been moved for clearance to the Union commerce ministry. This was informed by GIDC Managing Director Hasmukh Adhia. The SEZ at Dahej on 1,700 hectares of land is likely to be constructed with the help of private participation. The area already has majors like IPCL, Gujarat Alkalies and Gujarat Chemical Port Terminal Company Ltd, and Petronet is likely to join the bandwagon. But for the other SEZ at Hazira, the minimum requirement of 1,000 hectares of land is yet to be acquired and because of this hindrance, the SEZ project has not taken any shape. "But we are in the process of a breakthrough," Adhia confidently said. Hazira is the hub of many business entities and an SEZ here will be a booster to the new entrants as well. If these two SEZs come into existence, it will join the already existing two SEZs in the state, Sachin in Surat and Kandla in Kachchh, which are already functional. The privately run Mundra SEZ is likely to be cleared by the state government shortly.

New SEZs to come up in Gujarat