Reality Check India

SEZ Blog

Posted in Uncategorized by realitycheck on November 9, 2006

Found a new blog focused on the new SEZ policy called the Reliance SEZ Blog.

Check it out : http://reliancesez.blogspot.com/

Somethings for us bloggers to take up.

  • Collect details of SEZs in China and Middle East (especially Jebel Ali in Dubai)
  • Scan the SEZ appovals granted so far.  See http://www.sezindia.nic.in/ Interesting to see that Wipro can got an approval for a 6 hectare (thats right 6 hectare SEZ) in Hyderabad and two SEZs of 5 hectare and 6 hectare each in Sarjapur Bangalore. Hexaware (Software) and Syntel (Software) have approval for two 11 acre SEZs in Chennai. Note these are SEZs not mere units within an SEZ. You cant blame them because they will take advantage of any policy to maximise their profits. The government must not allow such tiny SEZs to come up. It will spell disaster for existing infrastructure around these SEZs.

While the entire nation is focused on divisive policies such as unmonitored quotas based on caste / religion / or gender. We cant allow such a land scam to go unnoticed.

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11 Responses

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  1. Vincent Morris said, on March 9, 2007 at 3:57 pm

    Are employees in SEZ units eligible for IT exemption?

    Or does the exemption apply only to share holders in the SEZ unit?

  2. Renee John said, on April 3, 2007 at 3:42 pm

    The Wipro SEZ is located at Guchibowli. The area is dotted with several other Software Developemnt Centers like Microsoft, Infosys, CA , Kanbay etc. All of them have land ranging from 2 to 10 Hectares. Polaris is next door to Wipro. Could all others also have been SEZs? How come only Wipro could get SEZ in this location? Is it not an unfair advantage?

  3. realitycheck said, on April 3, 2007 at 5:41 pm

    VIncent,

    Sorry I missed your comment.

    The employees do not get any IT exemption under any Indian law. The units in the SEZ get exemption from various direct (Income Tax) and indirect (Excise and Customs).

    Renee,

    The whole policy is flawed. Do not look for any logic. Most IT companies are hoping the SEZs can help them with tax holiday. I think the minimum size of an SEZ must be 10000 hectares (approx 10sq km) and located in a coastal area (in AP perhaps Vizag).

  4. shankar said, on April 9, 2007 at 3:40 am

    “The employees do not get any IT exemption under any Indian law.”

    Those who are willing to MOVE will get IT exemption if they will look for it. Companies get IT exemption because there are willing to move to places where IT exemptions are granted. If employees want IT exemption you can MOVE to a tax haven like cayman islands and be an NRI.

  5. krish said, on October 29, 2007 at 7:50 am

    Can you please clarify on the rents paid by SEZ units to Developer are exempted from Service Tax portion.

    How many SEZ are ready to let out their premises for units at Hyderabad

  6. Sanjay Sharma said, on July 13, 2008 at 7:08 am

    ‘SPARTA’ is India’s ONLY dedicated and comprehensive Inward Investment enterprise providing stakeholders such as Investor, State Governments, SEZ, Industrial Parks and Industrial Corridors with the expertise and tools so that they transcend and reach out to the Investment fraternity across the world and also make sure they achieve their financial goals.

    To be a formidable and a successful solutions provider, ‘SPARTA’ has partnered with marquee global names dominant in areas such as, fDi Magazine, fDi Atlas, fDi Market, fDi Benchmark etc

    I would appreciate, if you could visit the website (www.sparta-ventures.com) for further information on the company and its “high impact” offerings i.e.
    Investment Promotion & Project Marketing
    SEZ Showcasing & Benchmarking
    Foreign Investor (FDI) Targeting & Lead Generation
    FDI Research & Analysis

  7. Sanjay Sharma said, on July 13, 2008 at 7:18 am

    Today the biggest problem for SEZ players…
    1. How to generate FDI leads
    2. How to showcase SEZ
    3. How to benchmark SEZ
    4. How to target FDI
    5. How to reach FDI community
    6. FDI Research & Analysis
    7. How to Track real time FDI

    ‘SPARTA’ is the ONLY company in India with all these answers…

  8. Prinu Mathew said, on October 27, 2009 at 1:34 pm

    Conference on SEZ 2009 on Thursday 19 November at Hyatt Regency, Mumbai organised by ASAPP Media Group aims to mainly deliberate on the “Emerging Opportunities for Economic Growth, Investment & Infrastructure Development” in SEZ sector.
    The Conference will attract representatives from across the globe ranging from Policymakers & Regulatory Authorities, to all others having interest in the Indian SEZ sector
    For details: EventSales@asappmedia.com
    Tel.022-24193000

  9. rc said, on October 27, 2009 at 5:15 pm

    >> The Conference will attract representatives from across the globe ranging from Policymakers & Regulatory Authorities, to all others having interest in the Indian SEZ sector

    I abhor the SEZ policy and consider it to be one of the scams of the millennium, you really do not want me at Hyatt Regency.

  10. Dr.Reddy said, on June 7, 2010 at 11:31 am

    the minimum area required for an IT/ITES SEZ is 10 Ha.
    anybody can get the permission if they fulfil this basic critiria.only the companies working out of SEZ and or the promoters of SEZ are eligible for IT exemptions-not the employees

  11. Special Economic Zone said, on October 4, 2013 at 11:25 am

    Very interesting blog, – (amrlsez.com)


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