Special Economic Zones are the progress tool, that enhances growth of the region and inspires manufacturing, boosts exports, augment technical know-how and engender employment.
Originally, the SEZ scheme was introduced by Government of India, in the year 2000 under the NDA rule.
But,
Each policy introduced has to be implemented effectively, for attaining the fruits of its budding growth. Mere announcement of scheme, does not yield potential results.
Special Economic Zone [SEZ] is a specifically outlined duty free enclave to be estimated to be foreign territory for the motive of trade and operations, duty and tariffs.
Government of India, enacted the Special Economic Zone Act 2005 and designed SEZ rules in 2006.
As per the provisions under the act, the minimum area requirement for setting up multi product SEZ is 1000 hecters. For sector specific SEZ is 100 acres. For specific sectors such as, IT, ITES, gems and jewellery and non conventional energy, the SEZ area required is 10 hecters. Moreover, 50% of the SEZ area has to be a processing area.
Govt. of Gujarat, has accorded priority for setting up Special Economic Zones and has introduced the Special Economic Zone Act 2004 followed by the SEZ Rules 2005. Under the provision of Gujarat SEZ Act 2004, the Special Economic Zone Development Authority has been constituted, which is headed by the Chief Secretary to the Govt. and includes secretary of the departments of each ministries as members. The responsibilities on the shoulder of the Authority is to aquire proposals from the SEZ Developer and make recommendations to the state govt. Various factors are taken into consideration- Land Availability, the nature of the proposal, the status of the developer and importance of SEZ to the state economy. The Approval Committee in SEZ operates as the solo clearance agency for assigning consent to the unit including state level authorizations, under the Gujarat SEZ Act2004. The Special Economic Zone Development Committee constituted for each SEZ consists of the developer of SEZ or his nominee as chairman, Development Commissioner or his nominee of the state govt. as members. The prime role of the SEZ Committee is to draw a plan for the development of zone, endow with infrastructure and required amenities, allocate and transfer plot on lease and regulate construction of buildings as per Gujarat Development Control Regulations [GDCR] for SEZ.
The main objectives of SEZ schemes are…
1. Attracting foreign Direct investment.
2. Earning Foreign Exchange.
3. Encouraging Exports, especially non-traditional exports.
4. Developing backward regions.
5. Creating employment opportunities.
6. Introducing latest technology.
7. Invigorating growth of sectors such as information& technology, electronics, R&D, Infrastructure etc.
8. Human Resource Development that is essential for the progress of all inclusive economy.
9. Creation of backward and forward linkage to increase the output and raise the standard of local enterprise that supply products and services to the zone, thus generating additional economic activity.
SEZ’s in Gujarat:
Total no. of SEZ’s approved: 60
Multi Product SEZ’s: 11
Sector Specific SEZ’s: 49
Major Industries: IT, ITES, Textiles, Pharma, Engineering, Chemicals, Ceramics, Gems and Jewellery
Functional SEZ’s: 13
Notified SEZ’s: 19
Total Exports: 1,13,000 crores.
One such SEZ is at Dahej, 40 kms. from Bharuch. The nearest Airport is Surat [110 Kms.] and Vadodara [110 Kms.] The total investment at Dahej SEZ is about 1000 crores. ONGC ‘s c2/c3 plants in SEZ PART-2. Products of the plant will be supplied through a pipeline to a joint venture project of ONGC [OPaL].
OPaL, A Joint venture between ONGC and other companies to set up Petrochemical Complex with a capacity of 1 Million TPA ethylene, and will produce Plastic Polymers. Total investment Rs. 13,000 crores.
Chemical Industry Projects: Gujarat Dyestuff Industries, DIC Fine Chemicals, Meghmani Speciality Chemicals, Rallis India Ltd, Pidilite Industries, Roxul Rock Wool, Indofil Chemicals, Firemenich Aromatics.
Pharma Projects: Sun Pharma, Torrent Pharma, Glenmark Ltd. Ferments Biotech LTD.
Heavy Engineering & Ship Building: Godrej and Boyce Mfg. Saraswati Ind. Syndicate, Sarju Impex Ltd.
This SEZ from India, ranks 22nd among 25 zones identified by fDi Magazines. Dahej is the only SEZ from India to feature in this list.
To caricature development project, on paper, in theory, in law and in policy is one thing.. Of course, an important accomplishment..
But,
To implement it to the fullest, exploring its bursting potential and thus establish employment and development, spells the essence of growth.
The Gujarat Govt. under the able leadership, of Hon. C.M. Shri Narendra Modi, has comprehended the dream of Gujarat achieving exemplary triumph in each field..
The implementation of SEZ’s is just that..
Vande Gujarat..
Vande Matram.
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