Special economic zone

Special Economic Zone is the most discussed and disputed topic in India. For the economic development and to encourage export of various things and to take place in globalization all the countries are contributing themselves and trying for it consciously and SEZ is one of the parts of this. All over the opposition to SEZ, but for financial development, export growth, increase employment of the country, SEZ is essential. Government has passed special SEZ Act and implementation is doing. It is necessary to see the SEZ in positive view. SEZ projects should be started in backward area for
development of regional equilibrium. SEZ have been acquired land from the farmers, government should be done rehabilitation and included them as shareholders of the SEZ projects as well as the family members of the farmers should be reserved some vacancies of employment. Employment should be provided to the local workers, for existence of SSI to prepare list of articles of SSI, to limitations of maximum land acquired for SEZ etc. options should be considered by Government then farmers are helping to SEZ and economic development is done through SEZ.

1. Special economic zone (s.e.z.) in india Subtitle

2. Introduction to S.E.Z. Special Economic Zone means an area that has been specified as an enclave that is duty free and is treated as a foreign territory for various purposes such as tariffs, trade operations, and duties . Special Economic Zone means to give special facilities to the entrepreneur. In SEZ special facilities are provided to the industrialist, who starts their business in this sector. Special facilities for taxes, visa will require in this zone. In SEZ all import duty, taxes and other taxes are given concession and supplying industrial service and other trade activities, treated as foreign country. In SEZ special cities are developed, it has its own airport and port, roads etc. included.

3. The Objectives of S.E.Z. To develop infrastructure facilities in the country . To increase employment through SEZ . To reduce imbalance in financial development To improve international trade and get foreign currency with the help of SEZ . To develop the country through the development of industrial and economical growth. To attract the foreign investment To give the facilities to the internal trade and business with the help of the SEZ . Generation of additional economic activity Promotion of exports of goods and services Promotion of investment from domestic and foreign sources

4. Types of S.E.Z. in India SEZ for multi-products SEZ for special sector SEZ for port or airport

5. The Advantages of S.E.Z . in India Exemption from duties on all I mport duties, excise /VAT , and other Taxes. Income tax holidays on business income. Abundant supply of technically skilled manpower. Abundant supply of semi-skilled labor across all industry sectors. Simplification of procedures and self-certification in the labor acts. A vibrant industrial city with abundant supply of skilled manpower, covering the entire spectrum of industrial and business expertise. Well connected with network of public transport, local railways and cabs. Pollution free environment with proper drainage and sewage system. Easy access to airport and local Railway Station. Allowed to carry forward losses

6. The Disadvantages of S.E.Z . in India Farmers will be landless Increase unemployment The existence of small scale industries is in risk The agricultural sector will be neglected lost revenue of government for tax free facilities Capitalism will take birth No rules about the construction Increase in financial disequilibrium Imbalance in environment No protection of the workers

7. The Remedies of S.E.Z. in India To acquire non agricultural land for the SEZ Employment for the local workers Limitation on maximum land holding To save the Small Scale Industries To protect workers rights To Save Environment To fix price of the land Do not injustice on the farmers Acquisition of the land on lease Shares to be given to landholders

8. Santacruz Electronics Export Processing Zone (SEEPZ) SEEPZ-Special Economic Zone  Govt. of India, Ministry of Commerce & Industry Andheri (East), Mumbai 400 096.

9. About SPEEZ Santacruz Electronics Export Processing Zone (SEEPZ) is a Special Economic Zone in Mumbai, India. Situated in the  Andheri East area, it is subjected to liberal economic laws as compared to the rest of India to promote rapid economic growth using tax and business incentives and attract foreign investment and technology . More than 400 units operate in SEEPZ. These include Portescap India Pvt. Ltd ., CGI Group Inc., Tata Consultancy Services, Syntel, Zycus , ACE Software, Tara Jewels Limited, Anlage InfoTech Private Limited, etc.

10. Sectors Gems & Jewellery Sector Software Sector

11. Sectors Electric Sector Infrastructure