The document discusses Special Economic Zones (SEZs) in India. It provides background on SEZs, noting that India first experimented with Export Processing Zones in 1965 and officially introduced SEZs in 2000 based on models from China. The objectives of SEZs are to generate additional economic activity, promote exports and investment, create employment, and develop infrastructure through simplified procedures. Benefits of SEZs include attracting over $100 billion in investment and creating 500,000 jobs by 2007, with exports from SEZs projected to reach $352 billion by 2017.
Brief Explanation about Special Economic Zones in India and its benefits to the Indian Economy and how these SEZ's are helping the economy to grow and create employment in the Indian undeveloped Sectors.
Brief Explanation about Special Economic Zones in India and its benefits to the Indian Economy and how these SEZ's are helping the economy to grow and create employment in the Indian undeveloped Sectors.
Basic understanding of SEZs, Indian SEZs, Capability and need of SEZs in an Economy like India, Statewise number of SEZs in India, Upcoming SEZs, Exports from Indian SEZs, Incentives and Benefits of SEZs, Advantages and Disadvantages of SEZs
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.
17 February – The Seventh Meeting of the Working Group on Investment Zones in Iraq, Paris, France
Session 1: Rationales for Special Economic Zones (SEZs) and Best Practices
SEZ Case Studies – Anders JÖNSSON, Policy Analyst, Global Relations Secretariat, OECD and Mike Pfister, Policy Analyst, Investment Division, Directorate for Financial and Enterprise Affairs, OECD
In my small presentation, i have discussed the history of SEZ and its types in 1st part and in 2nd part i have discussed two controversies regarding SEZ.
Joint stock company «Special economic zone of industrial-production type «Togliatti» (abbr. JSC «SEZ «Togliatti») was established on April 29, 2014 in purpose of the efficient management of the special economic zone, which is located within the territory of the municipal district Stavropolsky of the Samara region in the proximity of Togliatti, technopark «Zhiguli Valley», production areas of AvtoVAZ - Renault – Nissan alliance, and GM-AvtoVAZ.
KYAUK PHYU SPECIAL ECONOMIC ZONE DEVELOPMENT Road Show, Yangon, MYANMARMYO AUNG Myanmar
KYAUK PHYU-SPECIAL ECONOMIC ZONE DEVELOPMENT
Road Show, Yangon, MYANMAR
http://kpsez.org/wp-content/uploads/2014/07/KPSEZ-Road-Show1.pdf
http://www.dica.gov.mm/includes/Investment%20Guide%20Book/MIG%20chapter%203.pdf
Kyaukphyu Special Economic Zone abbreviated Kyaukphyu SEZ) is a 1,600 hectares (4,000 acres) Burmese special economic zone being developed on Kyaukphyu, Ramree Island, Rakhine State.Kyaukphyu SEZ was first announced in September 2013.The project initially began as a joint venture between the Chinese and Burmese governments, but has since transitioned to private developers.Kyaukphyu SEZ will be accessible to the Shwe gas field in the Bay of Bengal. The oil and gas terminal was financed by the China National Petroleum Corporation.
Basic understanding of SEZs, Indian SEZs, Capability and need of SEZs in an Economy like India, Statewise number of SEZs in India, Upcoming SEZs, Exports from Indian SEZs, Incentives and Benefits of SEZs, Advantages and Disadvantages of SEZs
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.
17 February – The Seventh Meeting of the Working Group on Investment Zones in Iraq, Paris, France
Session 1: Rationales for Special Economic Zones (SEZs) and Best Practices
SEZ Case Studies – Anders JÖNSSON, Policy Analyst, Global Relations Secretariat, OECD and Mike Pfister, Policy Analyst, Investment Division, Directorate for Financial and Enterprise Affairs, OECD
In my small presentation, i have discussed the history of SEZ and its types in 1st part and in 2nd part i have discussed two controversies regarding SEZ.
Joint stock company «Special economic zone of industrial-production type «Togliatti» (abbr. JSC «SEZ «Togliatti») was established on April 29, 2014 in purpose of the efficient management of the special economic zone, which is located within the territory of the municipal district Stavropolsky of the Samara region in the proximity of Togliatti, technopark «Zhiguli Valley», production areas of AvtoVAZ - Renault – Nissan alliance, and GM-AvtoVAZ.
KYAUK PHYU SPECIAL ECONOMIC ZONE DEVELOPMENT Road Show, Yangon, MYANMARMYO AUNG Myanmar
KYAUK PHYU-SPECIAL ECONOMIC ZONE DEVELOPMENT
Road Show, Yangon, MYANMAR
http://kpsez.org/wp-content/uploads/2014/07/KPSEZ-Road-Show1.pdf
http://www.dica.gov.mm/includes/Investment%20Guide%20Book/MIG%20chapter%203.pdf
Kyaukphyu Special Economic Zone abbreviated Kyaukphyu SEZ) is a 1,600 hectares (4,000 acres) Burmese special economic zone being developed on Kyaukphyu, Ramree Island, Rakhine State.Kyaukphyu SEZ was first announced in September 2013.The project initially began as a joint venture between the Chinese and Burmese governments, but has since transitioned to private developers.Kyaukphyu SEZ will be accessible to the Shwe gas field in the Bay of Bengal. The oil and gas terminal was financed by the China National Petroleum Corporation.
Multi-modal International Hub Airport and Special Economic Zone in Nagpur (MIHAN) is a leading project in Central India, the Nagpur Airport being upgraded to international hub airport and the operational multi-product Special Economic Zone is adding value to economic growth of entire region. The Maharashtra Airport
Development Co. Ltd is nodal agency and special planning authority for this development MIHAN and 9 airports in the state of Maharashtra.
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Foreign exchange is applicable on all type of foreign inflow in the India. Fema is applicable venture funding in india. all investment by NRI in india subject to FEMA regulations.
Special Economic Zones of India
A special economic zone is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration.
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The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
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The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
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Prepare a presentation or a paper using research, basic comparative analysis, data organization and application of economic information. You will make an informed assessment of an economic climate outside of the United States to accomplish an entertainment industry objective.
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The Roman Empire, a vast and enduring power, stands as one of history's most remarkable civilizations, leaving an indelible imprint on the world. It emerged from the Roman Republic, transitioning into an imperial powerhouse under the leadership of Augustus Caesar in 27 BCE. This transformation marked the beginning of an era defined by unprecedented territorial expansion, architectural marvels, and profound cultural influence.
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3. Concept and Meaning of SEZConcept and Meaning of SEZ
► India was one of the first in Asia to recognize theIndia was one of the first in Asia to recognize the
effectiveness of the Export Processing Zone (EPZ)effectiveness of the Export Processing Zone (EPZ)
model in promoting exports, with Asia’s first EPZ setmodel in promoting exports, with Asia’s first EPZ set
up in Kandla in 1965.up in Kandla in 1965.
► With a view to overcome the shortcomingsWith a view to overcome the shortcomings
experienced on account of the multiplicity of controlsexperienced on account of the multiplicity of controls
and clearances; absence of world-classand clearances; absence of world-class
infrastructure, and an unstable fiscal regime and withinfrastructure, and an unstable fiscal regime and with
a view to attract larger foreign investments in India,a view to attract larger foreign investments in India,
the Special Economic Zones (SEZs) Policy wasthe Special Economic Zones (SEZs) Policy was
announced in April 2000announced in April 2000
3 SEZ in India
4. Definition of SEZDefinition of SEZ
SEZ in India4
► Special Economic Zone means an area that has been specifiedSpecial Economic Zone means an area that has been specified
as an enclave that is duty free and is treated as a foreignas an enclave that is duty free and is treated as a foreign
territory for various purposes such as tariffs, trade operations,territory for various purposes such as tariffs, trade operations,
and duties.and duties.
► A Special Economic Zone (SEZ) has economic laws that areA Special Economic Zone (SEZ) has economic laws that are
more liberal than a country's typical economic laws.more liberal than a country's typical economic laws.
► The category 'SEZ' covers a broad range of specific zoneThe category 'SEZ' covers a broad range of specific zone
► SEZ includes Free Trade Zones (FTZ), Export ProcessingSEZ includes Free Trade Zones (FTZ), Export Processing
Zones (EPZ), Free Zones (FZ), Industrial Estates (IE), FreeZones (EPZ), Free Zones (FZ), Industrial Estates (IE), Free
Ports, Urban Enterprise Zones and others.Ports, Urban Enterprise Zones and others.
5. History of Special Economic ZonesHistory of Special Economic Zones
► From 1965 onwards, India experimented with theFrom 1965 onwards, India experimented with the
concept of such units in the form of Export Processingconcept of such units in the form of Export Processing
Zones (EPZ).Zones (EPZ).
► But a revolution came in 2000, when MurlisoneBut a revolution came in 2000, when Murlisone
Maran, then Commerce Minister, made a tour to theMaran, then Commerce Minister, made a tour to the
southern provinces of China. After returning from thesouthern provinces of China. After returning from the
visit, he incorporated the SEZs into the Exim Policy ofvisit, he incorporated the SEZs into the Exim Policy of
India. Five year later, SEZ Act (2005) was alsoIndia. Five year later, SEZ Act (2005) was also
introduced and in 2006 SEZ Rules were formulated.introduced and in 2006 SEZ Rules were formulated.
►
5 SEZ in India
6. objectives of setting upobjectives of setting up SEZ in IndiaSEZ in India
► Generation of additional economic activityGeneration of additional economic activity
► Promotion of exports of goods and servicesPromotion of exports of goods and services
► Promotion of investment from domestic and foreign sourcesPromotion of investment from domestic and foreign sources
► Creation of employmentCreation of employment
► Development of infrastructure facilitiesDevelopment of infrastructure facilities
► Simplified procedures for development, operation, and maintenance ofSimplified procedures for development, operation, and maintenance of
the Special Economic Zones and for setting up units and conductingthe Special Economic Zones and for setting up units and conducting
businessbusiness
► Single window clearance for setting up of a SEZ and an unit in SEZSingle window clearance for setting up of a SEZ and an unit in SEZ
► Single window clearance on matters relating to Central as well as StateSingle window clearance on matters relating to Central as well as State
GovernmentsGovernments
► Easy and simplified compliance procedures and documentations withEasy and simplified compliance procedures and documentations with
stress on self certificationstress on self certification
6 SEZ in India
7. Benefits from SEZsBenefits from SEZs
► Investment of the order of Rs.100,000 crore includingInvestment of the order of Rs.100,000 crore including
FDI of US $ 5-6 billion by the end of December 2007,FDI of US $ 5-6 billion by the end of December 2007,
andand
► 500,000 direct jobs by December 2007.500,000 direct jobs by December 2007.
► At present, 1016 units are in operation in the SEZs,At present, 1016 units are in operation in the SEZs,
providing direct employment to over 1.79 lakhproviding direct employment to over 1.79 lakh
persons; about 40 per cent of whom are women.persons; about 40 per cent of whom are women.
► Exports from the SEZs during the 10-year periodExports from the SEZs during the 10-year period
could touch 352 billion dollars, nearly half of India’scould touch 352 billion dollars, nearly half of India’s
total annual exports, with IT and ITeS SEZstotal annual exports, with IT and ITeS SEZs
contributing 30 per cent at 105 billion dollarscontributing 30 per cent at 105 billion dollars
7 SEZ in India
8. Facilities of SEZ in IndiaFacilities of SEZ in India
SEZ in India8
► Facilitated with out-sourcing of subcontract capacities for export production against ordersFacilitated with out-sourcing of subcontract capacities for export production against orders
secured by other SME unitssecured by other SME units
► All SEZ units, (excluding gems and jewelry units) may sell goods up to 50% of FOB valueAll SEZ units, (excluding gems and jewelry units) may sell goods up to 50% of FOB value
of exports subject to fulfillment of positive NFE on payment of concessional duties. Withinof exports subject to fulfillment of positive NFE on payment of concessional duties. Within
the entitlement of domestic tariff area (DTA) sale, the unit may sell in DTA its productsthe entitlement of domestic tariff area (DTA) sale, the unit may sell in DTA its products
similar to the goods, which are exported or expected to be exported from the unitssimilar to the goods, which are exported or expected to be exported from the units
► Facilitated with out-sourcing of subcontract of production or part of production process toFacilitated with out-sourcing of subcontract of production or part of production process to
Indian or any foreign unitsIndian or any foreign units
► Sale to direct tariff agreement is subject to mandatory requirement of registration forSale to direct tariff agreement is subject to mandatory requirement of registration for
pharmaceutical products and inclusive of bulk drugspharmaceutical products and inclusive of bulk drugs
► For Software services units, the sale in the DTA in any mode, including on line dataFor Software services units, the sale in the DTA in any mode, including on line data
communication shall be permitted up to 50% of FOB value of exports and / or 50% ofcommunication shall be permitted up to 50% of FOB value of exports and / or 50% of
foreign exchange earned through exports of such services, where the payment of suchforeign exchange earned through exports of such services, where the payment of such
services offered to its overseas clients, is received in foreign exchangeservices offered to its overseas clients, is received in foreign exchange
► SEZ units associated with manufacturing gems and jewelry may sell up to 10% of FOBSEZ units associated with manufacturing gems and jewelry may sell up to 10% of FOB
value of exports of the preceding year in direct trade agreement and subject to fulfillment ofvalue of exports of the preceding year in direct trade agreement and subject to fulfillment of
positive NFE. Further, in case of sale of plain jewelry, the recipient of such trade shall paypositive NFE. Further, in case of sale of plain jewelry, the recipient of such trade shall pay
concessional rate of duty as applicable. Furthermore, in case of studded jewelry, duty shallconcessional rate of duty as applicable. Furthermore, in case of studded jewelry, duty shall
be payable as recommended and amended from time to timebe payable as recommended and amended from time to time
► Total exemption of duties / taxes on scrap or waste or remnants in case the said crap orTotal exemption of duties / taxes on scrap or waste or remnants in case the said crap or
waste or remnants are destroyed as per the approval of the customs authorities of Indiawaste or remnants are destroyed as per the approval of the customs authorities of India
► If the end products is a by-product and it is included in the LOP, then it may also be sold inIf the end products is a by-product and it is included in the LOP, then it may also be sold in
the direct tariff area, subject to achievement of positive NFE on payment of applicablethe direct tariff area, subject to achievement of positive NFE on payment of applicable
duties within the provisions of such laws. The sale of such by-products by units those areduties within the provisions of such laws. The sale of such by-products by units those are
not entitled to direct tariff area salesnot entitled to direct tariff area sales
► Facilitated with out-sourcing of subcontract capacities for export production against ordersFacilitated with out-sourcing of subcontract capacities for export production against orders
secured by other unitssecured by other units
9. SEZ in India9
The main objectives ofThe main objectives of
the SEZ Act arethe SEZ Act are ::
► Generation of additional economic activity;Generation of additional economic activity;
► Promotion of exports of goods and services;Promotion of exports of goods and services;
► Promotion of investment from domestic andPromotion of investment from domestic and
foreign sources;foreign sources;
► Creation of employment opportunities; andCreation of employment opportunities; and
► Development of infrastructure facilitiesDevelopment of infrastructure facilities
10. SEZ in India10
The salientThe salient
features/provisions of SEZfeatures/provisions of SEZ
RulesRules
► Different minimum land requirement for different class of SEZs;Different minimum land requirement for different class of SEZs;
► Every SEZ is divided into a processing area where alone the SEZEvery SEZ is divided into a processing area where alone the SEZ
units would come up and the non-processing area where theunits would come up and the non-processing area where the
supporting infrastructure is to be created;supporting infrastructure is to be created;
► Simplified procedures for development, operation andSimplified procedures for development, operation and
maintenance of the Special Economic Zones and for setting upmaintenance of the Special Economic Zones and for setting up
units and conducting business in SEZs;units and conducting business in SEZs;
► Single window clearance for setting up of an SEZ;Single window clearance for setting up of an SEZ;
► Single window clearance for setting up a unit in a SpecialSingle window clearance for setting up a unit in a Special
Economic Zones;Economic Zones;
► Single window clearance for matters relating to Central as well asSingle window clearance for matters relating to Central as well as
State Governments;State Governments;
► Simplified compliance procedures and documentation with anSimplified compliance procedures and documentation with an
emphasis on self certification.emphasis on self certification.
11. SEZ ControversySEZ Controversy
SEZ in India11
► In spite of the strong objectives of the IndianIn spite of the strong objectives of the Indian
Government The SES policy is in followingGovernment The SES policy is in following
controversycontroversy
► Generation of little new activity as there may beGeneration of little new activity as there may be
relocation of industries to take advantage of taxrelocation of industries to take advantage of tax
concessions,concessions,
► Revenue lossRevenue loss ddue to Tax exemption .ue to Tax exemption .
► Large-scale land acquisition by the developers, mayLarge-scale land acquisition by the developers, may
lead to displacement of farmers with meagerlead to displacement of farmers with meager
compensation,compensation,
► Acquisition of prime agricultural land, having seriousAcquisition of prime agricultural land, having serious
implications for food security,implications for food security,
Misuse of land by the developers for real estateMisuse of land by the developers for real estate
► Uneven growth aggravating regional inequalities.Uneven growth aggravating regional inequalities.
