comparison of sez in india, china & taiwan

COMPARISON STUDY OF SEZ INDIA – CHINA- TAIWAN

• Revolution in World Industrial Growth

• Countries Economic Outlook Indicator

• Special Provision complying prevailing conditions and growth prospectus

• Unilateral trade and FTA(Free Trade Agreement) tie ups

• Benchmarking the standard technology advancements and SOP.

• New way of doing business.

“CONCEPT THAT CHANGED THE WAY ECONOMY WORKS”

WHAT IS SEZ ?

SEZ Special Economic Zone

INDIACHINA

EPZExport

Processing Zone

Mexico

US

SBIP

Science

Based

Industrial

Park

Taiwan

• DIFFERENT NAMES SERVING SAME MOTIVES

WORLD CALL IT DIFFERENTLY…

• Describe some of the native animals and plants that can be seen in your country.

SCIENTIFIC SEZ LAYOUT

• For the Economy ..

• By the Economy ….

SEZ- OBJECTIVE Generation of additional economic activity;

Promotion of exports of goods and services

Promotion of investment from domestic and foreign sources

Creation of employment opportunities

Development of infrastructure facilities

SEZ ANALYSIS IN

Chinese SEZ .. In History

I

N

D

I

A

TAX BENEFITS

Exemption from Central

Sales Tax(CST)

Exemption from Service

Tax

Duty free import

Single window

clearance

Exemption from

Minimum Alternate Tax

(MAT).

Exemption from State sales tax

1. Formally approved SEZ(As on August 2013) - 576

2. Operational SEZ(As on August 2013) – 173

3. Growth rate of exports -

FACTS ABOUT INDIAN SEZ

Source: SEZ India, 2011a, Export Performances

SUCCESS STORIES OF INDIAN SEZ

1. Nokia Special Economic Zone (Telecom Equipment SEZ)

2.Reliance Jamnagar Infrastructure Limited (Multi-product SEZ)

3. Mahindra City SEZ (Apparel and fashion accessories; IT/Hardware; Auto-ancillary)

MOMENT OF TRUTH -SEZ“NOT A WAR BETWEEN INDUSTRY AND AGRICULTURE OR BETWEEN PROGRESS AND CONSERVATISM

BUT A WAR

BETWEEN HUMAN RIGHT AND GOVT CREATED CAPITALSITIC HEAVEN”

SINGUR DISPUTENANDIGRAM

DISPUTE

YAMUNA -AGRA EXPRESS HIGHWAY DISPUTE

Taiwan Special Economic Zone

Science Based Industrial Parks

Other Industrial Parks

The Linhai Industrial Park- 1960

• base metals, machinery, non-metallic mineral products, chemical products, and food and beverage manufacturing

The Changhua Coastal Industrial Park

• food production, glass, textiles, and plastics.

Free Economic Zone- 1960

The Hsinchu Science Park (HSP)- 1965

The Southern Taiwan Science Park (STSP)- !996

The Central Taiwan Science Park (CTSP)- 2003

Tax incentives

create industrial infrastructure

simplified procedures for investment

Free Trade Zone (FTZ)

Advantages

Taxation incentive

Distinctive geographic

location

Convenient traffic

Free flow of goods

•import/export cargo customs clearance, cargo handling, warehousing, logistic, value-added park, operational display and business conference centre.

•Park transports through air, land and sea and only one of its kind in the world

Far Glory Air Cargo Park

•essential point on American, European, and Asian navigation routes

•cargo hub for Taiwan’s imports and exports.

Port of Kaohsiung Free Trade Zone

•first international harbour designed and built by Taiwanese engineers

•Direct shipping between Taiwan and China

Port of Taichung Free Trade Zone

Keelung Free Port

Taipei Port Free Trade Zone

• the auxiliary port of Keelung Port• key supply chain node for automobile logistics

and chemical oils

• more than one hundred years since the port began to operate• Holds 52% of Taiwan resources

Taiwan Strait West Coast Economic Zone

• Fujian’s closeness both geographically and culturally with Taiwan

• By December 2005, Fujian received US$ 3.9 billion

of foreign direct investment from Taiwan

• Direct transport with Taiwan commenced in 2008

includes direct flights from Taiwan to major Fujian

cities

• Fujian was declared as special economic zone for Taiwan in 2006