SEZ and its relevance in india by noelthomasp

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									SEZ AND ITS RELEVANCE
IN INDIA




         NOEL THOMAS
     funkyfriendzy.blogspot.in
     Funkyfriendzy.blog.com
         Saturday, November 10,
                          2012    1
INTRODUCTION
•SPECIAL ECONOMIC     ZONE.

•ECONOMICLAWS ARE LIBERAL AS
COMPARED TO REST PART OF THE
COUNTRY.

•PROVIDEDUTY FREE AREA FOR THE
PURPOSE OF
TRADE,OPERATIONS,DUTY & TARIFFS.

              Saturday, November 10,
                               2012    2
WHY SEZ’S ARE REQUIRED?

    IN THE DEVELOPMENT OF ANY MASSIVE
     PROGRAMME GOVEREMENT REQUIRES HUGE
     AMOUNT OF FUNDS.

    SO IT LOOKS OUT FOR POTENTIAL PARTNERS
     TO HELP THE GOVERNMENT CARRY OUT THE
     PROGRAMME.




                  Saturday, November 10,
                                   2012       3
SPECIAL ECONOMIC ZONES IN
         INDIA

 SANTA CRUZ(MAHARASHTRA)
 COCHIN (KERALA)
 KANDLA,SURAT (GUJARAT)
 CHENNAI (TAMILNADU)
 VISAKHAPTNAM (ANDHRAPRADESH)
 FALTA AND SALTLAKE(WEST BENGAL)
 INDORE (MADHYA PRADESH),
 JAIPUR (RAJASTHAN).



               Saturday, November 10,
                                2012    4
ADVANTAGES
 NO LICENCE REQUIRED FOR IMPORT UNDER SEZ
  UNITS.
 DUTY FREE IMPORT AND EXPORT.

   EXEMPTION FROM CUSTOMS DUTY ON IMPORT
    OF
    CAPITAL GOODS,RAW MATERIALS, SPARES,etc.

   EXEMPTION FROM PAYMENT OF SERVICE TAX.

   POLLUTION FREE ENVIRONMENT WITH PROPER
    DRAINAGE AND SEWAGE SYSTEM.

   A VIBRANT INDUSTRIAL CITY WITH MODERN
    FACILITIES WILL BE CREATED.


                  Saturday, November 10,
                                   2012        5
    DISADVANTAGES
   TAKING AWAY OF AGRICULTURAL LAND FROM
    FARMERS.THE FARMERS ARE BEING PAID
    DISPROPORTIONATE MONEY WHICH IS NOT LIEU
    OF THE CURRENT LAND PRICES.

   REVENUE LOSSES BECAUSE OF THE VARIOUS TAX
    EXEMPTIONS.

   MOST PLAYERS ARE INTERESTED IN SETTING UP
    SEZ’S WITH AN EYE ON THE REAL ESTATE
    BOUNTY,SO THAT THEY CAN ACQUIRE AT CHEAP
    RATES AND CREATE A LAND BANK FOR
    THEMSELVES.
                 Saturday, November 10,
                                  2012          6
    CONCLUSION
   SEZ COULD IMPROVE THE ECONOMIC
    ACTIVITY
    IN THE COUNTRY,MAKE THE COUNTRY’S
    EXPORT
    COMPETITIVE, GLOBALLY NOTICEABLE AND
    IMMENSE EMPLOYMENT OPPORTUNITIES.

   BUT THIS SHOULD NOT BE DONE AT THE
    COST OF BRINGING DOWN THE
    AGRICULTURAL
    ACTIVITIES,LAND GRABBING.AND REAL
    ESTATE
    MAFIA SHOULD BE PROPERLY REGULATED.


               Saturday, November 10,
                                2012       7

								
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