Special Economic Zone

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shoeb parwaiz

shoeb parwaiz (Querist)
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14 May 2011 Dear All,

Would U please explain me about Special Economic Zone?

Thanks & Regards

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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14 May 2011 The Government of India (GOI) has formulated a policy for setting up Special Economic Zones (SEZ) in India. SEZs are proposed to be specially delineated duty free enclaves for the purpose of trade, operations, duty and tariffs. These zones are self-contained and integrated having their own infrastructure and support services Several fiscal and regulatory incentives to developers of the SEZs as well as units within these zones have been provided. In addition to the incentives offered by the Central SEZ Policy, there is state policy which offers several additional incentives to the units within these zones.

An SEZ may be set-up in the public, private, or joint sector and/or by a state government. The policy requires the minimum size of an SEZ to be 1000 hectares. Within these zones, units may be set-up for the manufacture of goods, provisioning of services, and other activities including processing, assembling, trading, repairing, reconditioning, making of gold/silver, platinum jewellery etc. The Policy allows 100 per cent foreign direct investment ("FDI") in most manufacturingactivities.

for more info:-
http://www.sezindia.nic.in/index.asp

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