<% Dim StrFile StrFile = Request.QueryString("file") %> SeZ - Special Economic Zone Organisation of India

 
 Introduction about SeZ & EoU units 

A policy was introduced on 01.04.2000 for setting up of Special Economic Zones in the country with a view to provide an internationally competitive and hassle free environment for exports. Units may be set up in SEZ for manufacture of goods and rendering of services. All the import export operations of the SEZ units will be on self-certification basis. The units in the Zone have to be a net foreign exchange earner but they shall not be subjected to any pre-determined value addition or minimum export performance requirements. Sales in the Domestic Tariff Area by SEZ units shall be subject to payment of full Custom Duty and import policy in force. Further Offshore banking units may be set up in the SEZs.

The policy provides for setting up of SEZ's in the public, private, joint sector or by State Governments. It was also envisaged that some of the existing Export Processing Zones would be converted into Special Economic Zones. Accordingly, the Government has converted Export Processing Zones located at Kandla and Surat (Gujarat), Cochin (Kerala), Santacruz (Mumbai-Maharashtra), Falta (West Bengal), Madras (Tamil Nadu), Visakhapatnam (Andhra Pradesh) and Noida (Uttar Pradesh) into a Special Economic Zones.  In addition, 3 new Special Economic Zones approved for establishment at Indore (Madhya Pradesh), Manikanchan – Salt Lake (Kolkata) and Jaipur have since 
commended operations. 

In addition, approval has been given for setting up of 42 Special Economic Zones in various parts of the country in the private/joint sectors or by the State Government.

Distinguishing Features
Indian SEZ policy has following distinguishing features:

a) The zones are proposed to setup by private sector or by state Govt. in association with Private sector. Private sector is also invited to develop infrastructure facilities in the existing SEZs
b) State Government have a lead role in the setting up of SEZ.
c) A framework is being developed by creating special windows under existing rules and regulations of the Central Govt. and State Govt. for SEZ.

Performance
As on 31.3.05, there are 811 units in operation in the 8 functional SEZs. Investment by the units in these Zones are of the order of Rs. 18309 million. 
The SEZ units provide employment to about 100650 persons out of which 
32185 are Females.



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