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Date: 2015-9-15 18:56:02

Free economic zone in India

Sri City - free economic zone in India
Sri City is a planned Integrated Business City located 55 km north of Chennai on NH 5 along the border of two large Southern states in India - Andhra Pradesh (AP) and Tamil Nadu (TN).

Sri City has several zones for serving the diverse needs of the manufacturing and service industry, apart from designated areas for education, lifestyle, housing and healthcare. The industry-specific zones include a Special Economic Zone (SEZ), a Domestic Tariff Zone (DTZ), and a Free Trade and Warehousing Zone (FTWZ).

Spread over more than 500 acres, this zone primarily caters to the logistics & warehousing requirements of units within the Special Economic Zone and the Domestic Tariff Zone in Sri City. For logistics & warehousing companies looking at setting up their operations here, this is an added advantage as it offers them a captive and growing client-base.

 

SEEPZ Mumbai - Special economic zone Mumbai, India
Santacruz Electronics Export Processing Zone (SEEPZ) is a Special Economic Zone in Mumbai, India.

The incentives and facilities offered to the units in SEEPZs for attracting investments into the SEEPZs, including foreign investment include:

Tax free import/domestic procurement of goods for development, operation and maintenance of SEEPZ units
100% Income Tax exemption on export income for SEEPZ units under Section 10AA of the Income Tax Act for first 5 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years.
Exemption from minimum alternate tax under section 115JB of the Income Tax Act.
External commercial borrowing by SEEPZ units upto US $ 500 million in a year without any maturity restriction through recognized banking channels.
Exemption from Central Sales Tax.
Exemption from Service Tax.
Single window clearance for Central and State level approvals.
Exemption from State sales tax and other levies as extended by the respective State Governments.  

 

MARG Swarnabhoomi  - free economical zone
MARG Swarnabhoomi is strategically situated on the pristine East Costal Road stretch, a 60-minute drive from south Chennai.
Free economical zone has infrastructure as following:

 

Inspira - free special zone in India
Inspira is a prestigious project by promoters having diversified interest in pharmaceuticals, developing SEZs, renewable energy, Integrated Townships, Leisure and Infrastructure projects. Inspira is currently working in 2 major industries:

1. Setting up Special Economic Zones (SEZs) 
2. Solar Energy

Inspira Pharmaceutical SEZ (250 acres) is located within the five star MIDC, Shendre - the 5th and most modern MIDC Area at Aurangabad. It is home to world class facilities of Skoda (Volkswagen/Audi), Siemens, Wockhardt (Pharma), Glenmark (Biotech) and Hindalco-Almex Aerospace Limited, among others.