50 %
50 %
Information about sep5-asean-rajender

Published on January 8, 2009

Author: aSGuest9643


Slide 1: Second india-asean BUSINESS SUMMIT Presentation By : Rajendra Singh Chairman Special Economic Zones in India [Business Opportunities] SEZ – An Overview : Success of SEZ in India will certainly write small history in the country SEZ – An Overview SEZs, the new engines for export led economic growth in India, defined as: “Specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs” . . . . EXIM Policy 2000, Chapter 9 para 30 Extremely successful Chinese format to promote exports, attract FDI and foster overall economic growth Shenzhen SEZ, started in 1981, has achieved 38% GDP growth CAGR (highest recorded so far) mainly due to: Liberal economic framework Integrated infrastructure at very competitive prices SEZ – A favoured destination : SEZ – A favoured destination Preferential Policy Framework Hassle Free Operating Environment Integrated Infrastructure Fiscal incentives & regulatory benefits Thrust on self-certification & in-zone empowerment Self-contained & Self-managed SEZ India provides boldest policy framework in 55 years SALIENT FEATURES : SALIENT FEATURES A designated duty free enclave and to be treated as foreign territory for trade operations and duties and tariffs No licence required for import Manufacturing, trading or service activity allowed SEZ unit to be positive net foreign exchange earner within three years Performance of the units to be monitored by a Committee headed by Development Commissioner and consisting of Customs No fixed wastage norms Full freedom for subcontracting including subcontracting abroad Duty free goods to be utilised in 5 years SALIENT FEATURES (Contd.) : SALIENT FEATURES (Contd.) Job work on behalf of domestic exporters for direct exports allowed Contract farming allowed agriculture/ horticulture units No routine examination by Customs of export & import cargo No separate documentation required for Customs and Exim Policy In house customs Clearance Support service like banking, post office, clearing agents etc. provided in Zone Complex Developed plots and ready to use built up space Facilities to SEZ Developers : Facilities to SEZ Developers 100% FDI allowed for : townships and recreational facilities on a case to case basis, franchise for basic telephone service in SEZ Income Tax Benefit under (80 IA) to developers for any block of 10 years in 15 years Duty free import/domestic procurement of goods for development, operation and maintenance of SEZs Exemption from Service Tax Income of infrastructure capital fund/company from investment in SEZ exempt from Income Tax Facilities to SEZ Developers (Contd.) : Facilities to SEZ Developers (Contd.) Investment made by individuals etc in a SEZ company also eligible for exemption u/s 88 of IT Act Developer permitted to transfer infrastructure facility for operation and maintenance Generation,transmission and distribution of power in SEZs allowed Full freedom in allocation of space and built up area to approved SEZ units on commercial basis Authorised to provide and maintain service like water, electricity, security, restaurants and recreation centres on commercial lines. Facilities to SEZ Enterprises : Facilities to SEZ Enterprises Customs and Excise : SEZ units may import or procure from the domestic sources, duty free, all their requirements of capital goods, raw materials, consumables, spares, packing materials, office equipment, DG sets etc. for implementation of their project in the Zone without any license or specific approval Duty free import / domestic procurement of goods for development, operation and maintenance of SEZ units Goods imported / procured locally duty free could be utilised over the approval period of 5 years Domestic sales by SEZ units will now be exempt from SAD Income tax : 100% Income-Tax exemption for first 5 years and 50% for 2 years thereafter. Facilities to SEZ Enterprises (Contd.) : Facilities to SEZ Enterprises (Contd.) Foreign Direct Investment : 100% foreign direct investment is freely allowed in manufacturing sector in SEZ units under automatic route, except prohibited items No cap on foreign investments for SSI reserved items Central Sales Tax Act : Exemption to sales made from Domestic Tariff Area to SEZ units Service Tax : Exemption from Service Tax to SEZ units Off-Shore Banking (OBUs) : Setting up of Off-Shore Banking Units allowed in SEZs OBUs entitled for 100% Income-Tax exemption for 3 years & 50% for next 2 years Facilities to SEZ Enterprises (Contd.) : Facilities to SEZ Enterprises (Contd.) Banking / External Commercial Borrowings : External commercial borrowings by units up to $ 500 million a year allowed without any maturity restrictions Freedom to bring in export proceeds without any time limit Flexibility to keep 100% of export proceeds in EEFC account. Freedom to make overseas investment from it Commodity hedging permitted Exemption from interest rate surcharge on import finance SEZ units allowed to ‘write-off’ unrealized export bills Facilities to SEZ Enterprises (Contd.) : Facilities to SEZ Enterprises (Contd.) Environment : SEZs permitted to have non-pollution industries in IT, and recreational facilities like golf courses, desalination plans, hotels and non-pollution service industries in the Coastal Regulation Zone area Exemption from public hearing under Environment Impact Assessment Notification Companies Act : Enhanced limit of Rs. 2.4 crores per annum allowed for managerial remuneration Regional office of Registrar of Companies in SEZs Exemption from requirement of domicile in India for 12 months prior to appointment as Director MahaMumbai Special Economic Zone[MMSEZ] : MahaMumbai Special Economic Zone[MMSEZ] Promoted By : Sea King Infrastructure Limited “MMSEZ is an ideally integrated SEZ with the best of business, living, learning and recreation facilities” MMSEZ- A subsidiary of SKIL : MMSEZ- A subsidiary of SKIL Pipavav Port Modern Shipyard LNG Project Toll Road Pipavav Railway Special Economic Zone SKIL PROJECTS: Current business value estimated over US$ 300 million MahaMumbai SEZ– Location : Proximity to Mumbai – India’s Financial & Commercial Capital MahaMumbai SEZ– Location MUMBAI MMSEZ MMSEZ – Highlights : MMSEZ – Highlights Located in the prosperous & industrious state of Maharashtra Development of MMSEZ will be in three phases First phase will comprise of 2,500 hectares, to be completed within 4 years India’s new economic hub in the making Subsequent phases include development of 10, 000 hectares The proposed development of Trans Harbour Link will reduce the travel time to 20 mins from downtown Mumbai Planned investments of US$ 1 billion in 4 years for the first phase development Infrastructure Plan – Phase I : Infrastructure Plan – Phase I Planned on a self-sustaining Integrated infrastructure format Sector specific industrial Parks Commercial Business Districts Service Zones World Class Roads In-zone jetty Waste management systems Disaster management systems Linkages to other developments Proximity to already existing JNPT terminal Proposed International Airport in vicinity Connectivity with existing rail linkages for cargo & passenger traffic One Owner – One decision maker but Multiple Users MMSEZ - Integrated Infrastructure : MMSEZ - Integrated Infrastructure World-class private initiated integrated infrastructure at globally competitive prices, under one umbrella Efficient and reliable supply of utilities Uninterrupted Power Quality water supply Efficient Waste Management Multi-modal connectivity Network of internal roads connecting to the existing highways Provide rail linkage to the existing Indian rail network Adjacent to the modern and state-of-the-art port at JNPT Close to the proposed new international airport at Navi Mumbai and existing airport at Mumbai Converting bold policy into vibrant reality MMSEZ – Integrated Infrastructure (Contd.) : Best of Business, Living, Learning, Recreation and Health MMSEZ – Integrated Infrastructure (Contd.) Institutional / Recreational Provision of primary & secondary schools & colleges Primary health-care centres, specialty & general hospitals & polyclinics Leisure Sports, clubs & other recreational facilities within zone Regional & town parks and gardens religious centers etc. Hotels, resorts, conventions & exhibition centres, etc. Golf course, theatres / multiplexes, etc. MMSEZ – Integrated Infrastructure (Contd.) : Providing for a new way of life MMSEZ – Integrated Infrastructure (Contd.) Industrial Developed plots for industrial establishments Integrated Industry specific parks for textiles, electronics, gems & jewellery etc. Standard design factories and pre-installed utilities Commercial Central Business District (CBD), Town Centers (TC) & Coastal Resort Centers (CRC) Fully integrated with IT infrastructure Residential Planned on a self-contained neighborhood concept with educational institutions, shopping & recreational facilities Coastal Residential, Central Area & Inland townships with green open spaces and facilities MMSEZ – The USPs : MMSEZ – The USPs Better work culture, good education, leadership vision A competitive manufacturing region Region has export orientation High caliber, low cost technical staff World class living / residential accommodations Educational and Health Parks Tourism, Leisure, Entertainment and Recreation International Financial Service Center with Offshore Banking Units Access to International Airport and Seaport Industrial & Service Parks – Biotech & Pharma, Textiles & Apparels, IT, Agro & Food Processing, Gem & Jewellery, IT & Communication etc. Emerge as India’s next preferred business capital MMSEZ – User Profile : MMSEZ – User Profile Electronic Auto Components Microelectronics Telecom Equipment Consumer Electronics Pharmaceuticals Office equipment, parts & accessories Gems & Jewelry Processed foods Medical Equipments Readymade garments Leather products Farm Equipment Pollution control equipment Domestic Consumer Appliances Marine Products Others – furniture, tots, cameras, etc. Cotton & Synthetic Yarn & Textiles Manufacturing / Processing Industries Health care Offshore Financial Services Centers Trade Facilitation Biotechnology IT enabled Entertainment and recreation Education Organized Retail Hotels & Resorts Telecom Warehousing and related services Maintenance Transportation Services … and more MMSEZ will provide platform to compete globally Source : KPMG Opportunity @ MMSEZ : Opportunity @ MMSEZ Develop 700 million sq.ft. for 1 million people Opportunity @ MMSEZ (Contd.) : Opportunity @ MMSEZ (Contd.) Opportunity to have business within business Consultants & Advisors : Consultants & Advisors Project Consultants / Master Planners Jurong Town Consultants, Singapore Parsons Brinckerhoff (PB) Technical Consultants Tata Consulting Engineers Bhabha Atomic Research Centre Dalal Consultants & Engineers National Institute of Ocean technology L&T – Sargent Lundy Strategic / Marketing Consultants KPMG Delloit Haskins & Sells Ernst & Young PricewaterhouseCoopers Jones Lang LaSalle KSA Technopak CRISIL Legal Amarchand Mangaldas – Mr. Shardul Shroff Khattar Wong & Partners We use the best in their fields in the world Partners & Associates : Videocon International Ltd. Parsons Brinckerhoff Inc., USA Soma Enterprises Ltd. Hiranandani Construction Group JTC Group, Singapore SICOM Partners & Associates Partnerships that matter … A World Class Infrastructure : A World Class Infrastructure “which is environment friendly, hassle free, competitive, self regulated with availability of affordable, skilled & educated manpower provided with superior living conditions” THANK YOU : THANK YOU Contact Us : Corporate Office ‘Pipavav House’, 209, Bank Street Cross Lane, Off Shahid Bhagat Singh Road, Fort, Mumbai - 400 023. INDIA Tel.: +91-22-2270 3031 (30 Lines) Fax: +91-22-2269 6021 Delhi Office 1001, Kanchanjunga, 10th Floor, 18 Barakhamba Road, New Delhi – 110 001. INDIA Tel.: +91-11-2332 7262 - 66 Fax: +91-11-2332 7267

Add a comment

Related presentations

Related pages

Melody Paing | Facebook

Melody Paing is on Facebook. Join Facebook to connect with Melody Paing and others you may know. Facebook gives people the power to share and makes the...
Read more

IndiaChina_ConsumerDurables_August28 - Documents

Assessment Of The Comparative Advantage Of Various Consumer Goods Produced In India Vis-à-vis Their Chinese Counterparts Sponsored by National ...
Read more