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A special economic zone is geographical region that has

economic laws that are more liberal than the countrytypical economic laws.

Category covers following range of trade zones

1. Free trade zones

2. Export processing zones3. Industrial estates

4. Free ports

5. Urban enterprise

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1. Industrial township

2. Liberal government laws and policies

3. Export promotion

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India initiated with first export processing in Asia inkandla (gujrat), for promotion of exports in 1965.

Most successful special economic zone is in

SHENZHEN , china, 1979-80

According to world bank by 2010,3500 SEZ projectswill be taking place in country worldwide.

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Generation of economic activity.

Promotion of export of goods and services.

Promotion of investment from foreign and domesticresources.

Creation of employment

Development of infrastructure.

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Kandla SEZ, gujrat

SEEPZ SEZ, Mumbai

COCHIN SEZ, cochin

JAIPUR SEZ, Jaipur

NOIDA SEZ, Noida

VISHAKHAPATNAM SEZ, Vishakhapatnam

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Exemption of VAT, import duty and other taxes.

Promotion of industrialisation and economicdevlopment of country.

SEZ are offered tax rebates,fiscal incentives and land

at subsidized rates. Procedural ease, quick custom procedures.

Abundant supply of labour across industrial sectors.

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Built on agricultural land , so farmers will loose theirlivelihood.

Revenue losses due to various tax exemptions.

Land grabbing at low prices.

Huge downward impact on tax.common man have topay price for it.

Since companies under SEZ enjoy a lot tax holidays, it

will create burden on finance ministry.

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Under sez, act SEZ can be established either individuallyor jointly by CENTERALGOVT, STATE GOVT or anyother PUBLIC or PRIVATE COMPANY.

FOLLOWING IS THE STAGE OF APPROVAL

Developer submits proposal of SEZ, to concerned state

government. State govt. forward proposal within 45 days from date of

receipt of such approval to board of approval

Board of approval has been appointed by central

government , all decisions are taken by them.

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FACTORS NOIDA MORADABAD GHAZIABAD

POLITICAL

Differentpoliticalparties havelucrativeopinion aboutnoida.

politicaldisturbancesamong rulingparties andopposition.

Bhartiya mazdoorsangh, an activesubsidiary of BJP ,can can create

problem.

One of the mostdynamic city ofcountry.

Demand is high dueto industrial station.

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FACTORS NOIDA MORADABAD GHAZIABAD

ECONOMIC

Skilledmanpower

Abundantmanagerialand technical

skill.

Promoted by upstate industrialdevelopmentcorp. ltd.

Heavy

investment fromprivateentrepreneursdue to increaseddemand for

handicrafts andmetal goods.

Immensedevelopmentin recent yearsattractsinvestment.

Connectivitywith capital.

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FACTORS NOIDA MORADABAD GHAZIABAD

TECHNOLO-GICAL

uninterruptedpower supply.

Efficientcommunication

infra satellitedata link.

Uninterruptedpower supplyfor industrialunits withinvestment over50 crores.

Power supply tofood and agrobased units.

Goodconnectivity.

Expectation innext 5 years to

have bestinfrastructure.

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FACTORS NOIDA MORADABAD GHAZIABAD

LEGAL single

windowclearance.

Exemption fromvarious localtaxes liketurnovertax,mandi tax.

Legal supportfrom GDA.

Emphasis onsocial andphysicalinfrastructure.