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PRESENTATION BY P.C. NAMBIAR Chairman, Export Promotion Council for Export Oriented Units and SEZs, India. ZONE DEVELOPMENT AND OPERATION AN INDIAN PERSPECTIVE. INDIA – FEDERAL SET UP. 29 STATES AND 7 UNION TERRITORIES RULED BY 13 DIFFERENT POLITICAL PARTIES.

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PRESENTATION BY P.C. NAMBIARChairman, Export Promotion Council for Export Oriented Units and SEZs, India

ZONEDEVELOPMENT AND OPERATIONAN INDIAN PERSPECTIVE

india federal set up
INDIA – FEDERAL SET UP
  • 29 STATES AND 7 UNION TERRITORIES RULED BY 13 DIFFERENT POLITICAL PARTIES.
  • INDEPENDENT FEDERAL AUTHORITY ON CERTAIN VITAL ISSUES LIKE LAND USE, LABOUR ,LAW & ORDER ETC.
  • INDEPENDENT STATE TAX LEGISLATIONS.
india federal set up1
INDIA - FEDERAL SET UP
  • SMALLEST STATE SIZE 0.370 Mn Ha
  • LARGEST STATE SIZE 34.226 Mn Ha
  • VARYING RATIO OF LITERACY RATES
  • UNEVEN POPULATION DENSITY
  • 30 LANGUAGES SPOKEN WITH DIFFERENT CULTURE
india demography
INDIA – DEMOGRAPHY
  • LACK OF ADEQUATE INDUSTRIAL, COMMERCIAL AND SOCIAL INFRASTRUCTURE
  • 3 TIER GOVERNANCE ACROSS THE COUNTRY
  • LACK OF ECONOMIC AWARENESS
introduction
INTRODUCTION
  • ZONE DEVELOPMENT STARTED IN 1965
  • INITIALLY ONLY GOVERNMENT ZONES
  • STATE GOVT DEVELOPED 10 ZONES
  • ONLY ONE PVT ZONE UPTO 2006
  • SEZ ACT 2005 AND SEZ RULES 2006 ENACTED
sez size sector focus
SEZ SIZE- SECTOR FOCUS

FOR IT/ITES SECTOR MINIMUM BUILT-UP

AREA SPECIFIED

• Category “A” – 1,00,000 Sq Mtr

• Category “B” - 50,000 Sq Mtrs

• Category “C”- 25,000 Sq Mtrs.

sez size sector focus1
SEZ SIZE – SECTOR FOCUS
  • Multi Product SEZs - 500 Ha
  • Multi Services SEZs – 50 Ha
  • Sector specific SEZs – 50 Ha
  • Port or Airport based SEZs- 50 Ha

(in smaller and specified sector 25 Ha)

  • BT, Non conventional energy or gems and jewellery , Handicrafts, electronics - 10 Ha
free trade warehousing zone
FREE TRADE WAREHOUSING ZONE
  • FTWZ – Only FTWZ-40 Ha with a built up area of

not less than 100,000 sq.mtr)

  • FTWZ can be set up Sector Specific SEZ- ( Max 20%

of processing area ) in a Multi product SEZ no

limitation prescribed

special economic zones in india
SPECIAL ECONOMIC ZONES IN INDIA.
  • FORMALLY APPROVED -564
  • GOVERNMENT SPONSORED-18
  • PRIVATE SEZs - 546
  • --------------------------------------------------------------------
  • NOTIFIED SEZs- 388
  • GOVERNMENT SPONSORED-18
  • PRIVATE SEZs-370
  • --------------------------------------------------------------------
  • OPERATIONAL SEZs – 192
  • GOVERNMENT SPONSORED-18
  • PRIVATE SEZs- 174
sez location
SEZ LOCATION
  • 9 OUT OF 29 STATES DON’T HAVE SEZ PRESENCE
  • 3 OUT OF 7 UNION TERRITORIES DO NOT HAVE SEZ PRESENCE
  • NO UNIFORM FISCAL BENEFITS OFFERED BY STATES
sez location union territories not having sezs
SEZ LOCATION - UNION TERRITORIES NOT HAVING SEZs

ANDAMAN & NICOBAR ISLANDS

DAMAN AND DIU

LAKSHADWEEP

investment in sezs
INVESTMENT IN SEZs
  • IN THE GOVERNMENT

SPONSORED SEZs - US$ 4,007 Mn

  • IN THE PRIVATE

SECTOR SEZs - US$ 46,269 Mn

direct employment in sezs
DIRECT EMPLOYMENT IN SEZs
  • IN THE GOVT. SPONSORED SEZs- 281,823 persons
  • IN PRIVATE SECTOR SEZs - 995,822 persons.
sez performance
SEZ PERFORMANCE
  • NUMBER OF SEZ OPERATING UNITS - 3,818
  • EXPORTS AS OF 31.03.2014- US$ 82,346 Mn
  • DOMESTIC SALE IN INDIA AS OF 31.03.2014 –

US$ 11,386 Mn

sez sector mix
SEZ SECTOR MIX

Of 192 Operational

  • MULTI PRODUCTS 10%
  • OTHER SECTOR SPECIFIC MANUFACTURING 32%
  • IT/ITES , ELECTRONIC HARDWARE, SEMI CONDUCTOR SERVICES 56%

• OTHER SERVICES- 2%

regulation setting up of sez
REGULATION –SETTING UP OF SEZ
  • BY CENTRAL GOVT
  • ISSUANCE OF LETTER OF APPROVAL
  • SEZ NOTIFICATION
  • AUTHORIZE OPERATIONS
single window mechanism
SINGLE WINDOW MECHANISM
  • BOARD OF APPROVALS AT CENTRAL GOVT LEVEL
  • UNIT APPROVAL COMMITTEE AT STATE LEVEL
sez development procedure step 1
SEZ DEVELOPMENT PROCEDURE – STEP 1
  • RIGHTFUL POSSESSION OF LAND ON HAND
  • CLEARANCE FROM LOCAL GOVERNMENT
  • APPLICATION TO BOARD OF APPROVALS
  • RECOMMENDATION OF STATE GOVERNMENT
  • LETTER OF APPROVAL
  • NOTIFICATION OF SEZ
development procedure step 2
DEVELOPMENT PROCEDURE – STEP 2
  • DEMARCATION OF PROCESSING AND NON-PROCESSING AREA
  • MASTER PLAN APPROVAL BY PLANNING AUTHORITY
  • BUILDING LAYOUT AND INFRASTRUCTURE DEVELOPMENT APPROVAL
  • POSTING OF CUSTOMS OFFICERS
  • EXECUTION OF BOND FOR DUTY FREE BENEFITS BY DEVELOPERS/CO-DEVELOPERS
development procedure step 3
DEVELOPMENT PROCEDURE – STEP 3
  • COMPOUND WALL AROUND PROCESSING AREA
  • LEASING OF AREA TO UNIT HOLDERS
  • LETTER OF APPROVAL TO UNIT
  • EXECUTION OF BOND BY UNITS FOR DUTY FREE BENEFITS
  • PROGRESSIVE REPORTING OF SEZ PERFORMANCE BY DEVELOPER AND UNITS
good governance
GOOD GOVERNANCE
  • DEVELOPMENT COMMISSIONER /UNIT APPROVAL COMMITTEE – NODAL AGENCY FOR PERMISSIONS AND APPROVALS
  • ASSESSMENT, EXAMINATION AND CLEARANCE MONITORED BY OFFICERS DEPUTED FROM CUSTOMS DEPARTMENT
  • SEZ OPERATIONS MONITORED THROUGH PERIODICAL REPORTING AND M.I.S.
incentives for sez in india
INCENTIVES FOR SEZ IN INDIA
  • ALL MATERIALS REQUIRED FOR INFRASTRUCTURE DEVELOPMENT BY DEVELOPERS ARE EXEMPT FROM CUSTOMS DUTY , CENTRAL EXCISE DUTY, AND STATE VAT
  • ALL MATERIALS REQUIRED FOR AUTHORISED OPERATIONS BY UNITS ARE EXEMPT FROM CUSTOMS DUTY, CENTRAL EXCISE DUTY AND STATE VAT
incentives for sez
INCENTIVES FOR SEZ
  • ALL SERVICES RECEIVED IN CONNECTION WITH

AUTHORIZED OPERATIONS ARE EXEMPT FROM

SERVICE TAX

income tax benefits
INCOME TAX- BENEFITS
  • 100% INCOME TAX EXEMPTION FOR A BLOCK OF 10 YEARS OUT OF 15 YEARS FOR DEVELOPERS.
  • 100% INCOME TAX EXEMPTION FOR 1ST FIVE YEARS AND 50% FOR SUBSEQUENT FIVE YEARS (FOR UNITS)
  • REINVESTMENT ALLOWANCE TO THE EXTENT OF 50% OF PLOUGHED BACK PROFITS CARRY FORWARD OF LOSSES(FOR UNITS).
investment incentives 1
INVESTMENT INCENTIVES-1
  • 100% FOREIGN DIRECT INVESTMENT UNDER AUTOMATIC ROUTE FOR MANUFACTURING SECTOR IN SEZ UNIT
  • NO CAP ON FDI FOR SSI RESERVED ITEMS.
  • SETTING UP OFFSHORE BANKING UNITS ALLOWED IN SEZS
  • 100% INCOME TAX EXEMPTION FOR 3 YEARS AND 50% FOR NEXT TWO YEARS FOR OFF SHORE BANKING UNITS
investment incentives 2
INVESTMENT INCENTIVES-2
  • EXTERNAL COMMERCIAL BORROWINGS UPTO USD 500 MILLION A YEAR ALLOWED WITHOUT ANY MATURITY RESTRICTION FOR UNITS.
  • EEFC ACCOUNT FOR EXPORT PROCEEDS ALLOWED WITH FREEDOM TO INVEST OVERSEAS.
  • EXEMPTION FROM INTEREST RATE , SURCHARGE ON IMPORT FINANCE.
  • ENVIRONMENTAL CLEARANCE ON PRIORITY.
  • NORMS FOR SEZ SIZE REDUCED TO SUIT INDUSTRIES
sez development issues
SEZ – DEVELOPMENT ISSUES
  • WHILE THERE IS A CENTRAL SEZ ACT, MANY STATES DON’T HAVE THE CORRESPONDING STATE SEZ ACT
  • NATURAL RESOURCES UNEVENLY DISTRIBUTED
  • 70% POPULATION DEPENDS ON AGRICULTURE AND FOOD PROCESSING SECTOR NOT FULLY DEVELOPED
slide39

SERUM BIO-PHARMA PARK SEZ , PUNE , INDIA

INDIA ‘S FIRST BIO-PHARMA SEZ

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