Special Economic Zone Act, 2005

CHAPTER II

ESTABLISHMENT OF SPECIAL ECONOMIC ZONE

Procedure for making proposal to establish Special Economic Zone.

3. (1) A Special Economic Zone may be established under this Act, either jointly or severally by the Central Government, State Government, or any person for manufacture of goods or rendering services or for both or as a Free Trade and Warehousing Zone.

(2) Any person, who intends to set up a Special Economic Zone, may, after identifying the area, make a proposal to the State Government concerned for the purpose of setting up the Special Economic Zone.

(3) Notwithstanding anything contained in sub-section (2), any person, who intends to set up a Special Economic Zone, may, after identifying the area, at his option, make a proposal directly to the Board for the purpose of setting up the Special Economic Zone:

Provided that where such a proposal has been received directly from a person under this sub-section, the Board may grant approval and after receipt of such approval, the person concerned shall obtain the concurrence of the State Government within the period, as may be prescribed.

(4) In case a State Government intends to set up a Special Economic Zone, it may after identifying the area, forward the proposal directly to the Board for the purpose of setting up the Special Economic Zone:

Provided that the Central Government may,-

(a)	-	after consulting the State Government concerned;
.... To read the full section download the app from Google Play store Latest Job Openings View all Featured 16 July 2026 CA Inter, CA Intermediate, CA IPCC, CA CPT, CA SemiQualified Vakilsearch.com Chennai CA Inter View Details 23 July 2026 CA Inter Vikram Jadhav and Company Pune CA Inter View Details Featured 18 July 2026 Senior Manager- Finance & Accounts apricus india Ahmedabad CA View Details 28 July 2026 Senior accountant RJ Public School Bengaluru B.Com View Details ARTICLESHIP 08 July 2026 Article internship AJAY SINGH AND CO LLP Thane CA Final View Details ARTICLESHIP 28 July 2026 Article/Intern/Semi-Qualified/Fresher B.Com VNSS & Co Mumbai Others View Details ARTICLESHIP 17 July 2026 Article Assistant and B.com pass BANSAL YOGESH AND CO Gautam Budh Nagar B.Com View Details ARTICLESHIP 16 July 2026 Article Assistant G A R U D & Associates New Delhi CA Inter View Details Share  Facebook  Twitter  Linkedin  Reddit  Email  Whatsapp  Gmail  Print  PDF Finance and Tax WhatsApp groups list CCI All Updates (WA Group) CCI All Updates (WA Channel) CCI All Updates (Telegram Channel) GST Income Tax CA Final CA Inter CA Foundation CCI Jobs CS CCI Webinars CCI Pro Login at CAclubindia CAclubindia India's largest network for finance professionals User Name Password Remember Me Forgot Password ? Alternatively, you can log in using: Login with Google Don't have an account? Register Now click here to register Follow