An Overview to Sez

8/14/2019 An Overview to Sez

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AN OVERVIEW TO SEZ-INDIA


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SPECIALSPECIALECONOMICECONOMIC ZONEZONE

PRESENTED BY:-PRESENTED BY:-

RAVINDER KAUR(LEADER)RAVINDER KAUR(LEADER)RAJENDRA JHARIYA(PRESENTER)RAJENDRA JHARIYA(PRESENTER)

RAVI KUMAR BHAGAT(CONT. BUILDRAVI KUMAR BHAGAT(CONT. BUILD

RATNESH SHRIVASTAVA (COMMUNIRATNESH SHRIVASTAVA (COMMUNI


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What is sez ?What is sez ?

SEZ is a geographical region that hasSEZ is a geographical region that haseconomic laws that are more liberal than aeconomic laws that are more liberal than acountry's typical economic laws. An SEZcountry's typical economic laws. An SEZis a trade capacity development tool, withis a trade capacity development tool, withthe goal to promote rapid economicthe goal to promote rapid economic

growth by using tax and businessgrowth by using tax and businessincentives to attract foreign investmentincentives to attract foreign investment

and technology.and technology.


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TYPES OF SEZ

SEZ

SECTORSPECIFIC SEZ

MULTIPRODUCT SEZ

SEZ INPORT OR AIRPORT

SEZ

SECTOR

SPECIFIC SEZ

MULTI

PRODUCT SEZ

SEZ IN

PORT OR AIRPORT


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ESTABLISHMENTESTABLISHMENT

Export Processing Zone (EPZ):-For promotingExport Processing Zone (EPZ):-For promoting

exports, The Asia's first EPZ set up in Kandla inexports, The Asia's first EPZ set up in Kandla in

1965.1965. The SEZ policy was first introduced in India inThe SEZ policy was first introduced in India in

April 2000, as a part of the Export-ImportApril 2000, as a part of the Export-Import

(EXIM) policy of India.(EXIM) policy of India.

The SEZ Act and the SEZ Rules, 2006 (SEZThe SEZ Act and the SEZ Rules, 2006 (SEZ

Rules) were notified on February 10, 2006Rules) were notified on February 10, 2006


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MAIN OBJECTIVES OF SEZ:-MAIN OBJ

ECTIVES OF SEZ:-

Generation of additional economicGeneration of additional economic

activity.activity.

Promotion of exports of goods andPromotion of exports of goods andservices.services.

Promotion of investment fromPromotion of investment from

domestic and foreign sources.domestic and foreign sources. Creation of employment opportunities.Creation of employment opportunities.

Development of infrastructure facilities.Development of infrastructure facilities.


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APPROVAL MECHANISM OFAPPROVAL MECHANISM OF

SEZSSEZS Any proposal for setting upAny proposal for setting up

of SEZ in theof SEZ in thePrivate/Joint/State Sector isPrivate/Joint/State Sector isrouted through therouted through the

concerned Stateconcerned Stategovernment.government.

State govt. forwards theState govt. forwards thesame to the Department ofsame to the Department of

Commerce.Commerce. Further itsFurther its

recommendations arerecommendations arefinalized by of the Board offinalized by of the Board ofApproval.Approval.


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ESTABLISHMENT OF SEZ HAVEESTABLISHMENT OF SEZ HAVE

BOOSTED INTERNATIONALBOOSTED INTERNATIONAL

TRADE IN INDIATRADE IN INDIA Exports from SEZ rose U%Exports from SEZ rose U%

during the year to endduring the year to endMarch-09.March-09.

It out placed Indias overallIt out placed Indias overallexports growth by V% .exports growth by V% .

Superior infrastructure inSuperior infrastructure inSEZ help exporters to cutSEZ help exporters to cut

cost & remain competitivecost & remain competitive


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GROWTH RATE FROM EXPORTSGROWTH RATE FROM EXPORTS

YEAR VALUE (Rs. CRORE) GROWTH RATE(Over previousyear)

2003-04 13,854 39%

2004-05 18,314 32%

2005-06 22,840 25%

2006-07 34615 52%

2007-08 66,638 92%


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FACALITIES OFFERED TOFACALITIES OFFERED TO

SEZ UNITS & developersSEZ UNITS & developers Duty free import/domestic procurement of goods forDuty free import/domestic procurement of goods for

development, operation and maintenance of SEZ unitsdevelopment, operation and maintenance of SEZ units

100% Income Tax exemption.100% Income Tax exemption.

External commercial borrowing by SEZ units up to US $External commercial borrowing by SEZ units up to US $500 million in a year.500 million in a year.

Exemption from Central Sales Tax.Exemption from Central Sales Tax.

Exemption from Service Tax.Exemption from Service Tax.

Single window clearance for Central and State levelSingle window clearance for Central and State levelapprovals.approvals.

Exemption from State sales tax and other levies asExemption from State sales tax and other levies as

extended by the respective State Governments.extended by the respective State Governments.


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SEZ LEADING TO GROWTHSEZ LEADING TO GROWTH

578 formal approvals to SEZ given till date.578 formal approvals to SEZ given till date.

174 approvals are for sector specific and multi product174 approvals are for sector specific and multi product

SEZs.SEZs.

Nokia and Flextronics electronics hardware SEZs inNokia and Flextronics electronics hardware SEZs in

Sriperumbudur are providing employment to 14577 andSriperumbudur are providing employment to 14577 and1058 persons.1058 persons.

Hyderabad Gems SEZ for Jewellery manufacturing inHyderabad Gems SEZ for Jewellery manufacturing in

Hyderabad has employed 2145 persons. majority ofHyderabad has employed 2145 persons. majority ofwhom are from landless families.whom are from landless families.

Overall employment in SEZ is 1,13,426 persons.Overall employment in SEZ is 1,13,426 persons.


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IMPACT OF THE SCHEMEIMPACT OF THE SCHEME

The SEZ scheme has generated tremendous response amongst theThe SEZ scheme has generated tremendous response amongst theinvestors, both in India and abroad, which is evident from the list ofinvestors, both in India and abroad, which is evident from the list ofDevelopers who have set up SEZs:Developers who have set up SEZs:

Nokia SEZ in Tamil NaduNokia SEZ in Tamil Nadu

Quark City SEZ in ChandigarhQuark City SEZ in Chandigarh Flextronics SEZ in Tamil NaduFlextronics SEZ in Tamil Nadu Mahindra World City in Tamil NaduMahindra World City in Tamil Nadu Motorola, DELL and FoxconnMotorola, DELL and Foxconn Apache SEZ (Adidas Group) in Andhra PradeshApache SEZ (Adidas Group) in Andhra Pradesh

Divvy's Laboratories, Andhra PradeshDivvy's Laboratories, Andhra Pradesh Rajiv Gandhi Technology Park, ChandigarhRajiv Gandhi Technology Park, Chandigarh ETL Infrastructure IT SEZ, ChennaiETL Infrastructure IT SEZ, Chennai Hyderabad Gems Limited, HyderabadHyderabad Gems Limited, Hyderabad


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LIMITATIONLIMITATIONLAND ACQUISITION CONTROVERSY IN SINGURLAND ACQUISITION CONTROVERSY IN SINGUR

Singur is present in the state of West Bengal.Singur is present in the state of West Bengal.About 997 acres had been allotted to Tata Motors forAbout 997 acres had been allotted to Tata Motors for

building the Nano.building the Nano.

The project soon faced opposition from a politicalThe project soon faced opposition from a politicalparty. The trinamool congress led by Mamataparty. The trinamool congress led by MamataBanerjee protested against the manufacture of the carBanerjee protested against the manufacture of the carand the plant saying that the land was to be used forand the plant saying that the land was to be used foragrarian purposes and was wrongfully allotted to Tataagrarian purposes and was wrongfully allotted to Tata

Motors for making the Nano.Motors for making the Nano.On 2nd October 2008, Tata chairman Ratan TataOn 2nd October 2008, Tata chairman Ratan Tata

officially announced that Tata Motors would be pullingofficially announced that Tata Motors would be pullingout of Singur & will be shifted to Gujrat.out of Singur & will be shifted to Gujrat.


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THANK-YOUTHANK-YOU

An Overview to Sez

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