EPZ in East India

EPZ in East India comprises of the Falta Export Processing Zone, which has been currently renamed as the Falta Special Economic Zone. The zone was created as per the SEZ scheme and is under the supervision of the Ministry of Commerce and Industry. The zones include manufacturing units engaged in exports.

Indian government introduced the concept of Export Processing Zone to boost the economy and attract more FDI inflows through the establishment of industrial enclaves, facilitated with significant fiscal as well as non fiscal benefits. The export Processing Zones came into play with the EXIM Policy published by the government of India.
Apart from the fiscal and non-fiscal benefits the individual units also offers exchange of skilled labor and technical advancements. The EPZs are facilitated with single window system, which serve to reduce the substantially lengthy process of establishment of industries and thus put a check on types of corruption.

The Export Processing Zone in East India offers various benefits such as:

• Customs duty for DTA sales have been reduced
• 100 % FDI inflow for goods used in the small scale sectors
• Reduction in unrealized export bills
• Reduction in the duty charged on the sale of rejects
• 100 % FDI inflow for Internet Service Providers who do not offer gateways
• Subcontracting has been granted within the India and in foreign countries also
• Increase in the quantity of DTA sales with regard to raw materials on the fulfillment of the required export obligations
• Exemptions on the payment of Income Tax

The project for development of the Falta Export Processing Zone was approved by the Ministry of Commerce and Industry in the year 1984 and in the year 1985, it was made a Customs Bonded Area.

Location of EPZ in East India

Falta Export Processing Zone is situated at a strategic position near the city of Calcutta and is easily accessible from Haldia as well as Calcutta port and from the International airport located at Dumdum. Falta Export Processing Zone is well connected to the State Highway also.

Facilities In EPZ in East India

The EPZ in East India offers varied facilities to its residents such as:

• Telephone Exchange
• Fire Station
• ESI Medical Dispensary
• Courier Service
• Accommodation for Residential Purpose

The zone also provides numerous facilities to the industrial units established inside it as:

• Community Polytechnic
• Container Handling Jetty
• Inland Container Depot
• Power Supply
• Water connection
• Documentation Services

Various industries within the Falta Export Processing Zone are:

• Textile Units
• Food and Agro Units
• Leather Units
• Electronics Units
• Petrochemical Units
• Gem and Jewelry units
• Plastic and Synthetic Units