Surat Special Economic Zone (SURSEZ)

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Surat Special Economic Zone (SURSEZ) is one of the most important business units of Diamond and Gem Development Corporation Limited (DGDC). It provides a bundle of advantages to the industries that are likely to set up their business units in terms of business and trade.

The export-oriented units, which are non-polluting, enjoy the maximum benefits rendered by the Surat Special Economic Zone (SURSEZ). SURSEZ offers the total range of benefits on financial issues that are being provided by the state governments of India, including Gujarat and other states.

Such benefits on fiscal issues offered by the state government for the proposed units in the special economic zone in Surat include sectors like Income Tax, Excise Duty, Customs Duty, Industrial Licensing, Service Tax and so on. To be precise, all the units that come under the special economic zone and are approved by the development commissioner of the Surat SEZ are absolutely exempted from all the duties, levies, taxes, and other transactions. Once approved by the development commissioner of the SEZ, the proposed units are privileged with all the benefits made for the activities to be carried out in special economic zone.

Surat Special Economic Zone (SURSEZ) is known as the 'First Operating Zone' in the private sector units in India. This statement is corroborated by its track record as being stated in the past 5 years. The special economic zone of Surat has witnessed a spectacular accretion in its export production unit. SURSEZ had a marked increase from about Rs.62 crores in 2000-01 to Rs.2400 crores in the year 2005-06. As a consequence, the projected turnover of the special economic Zone pf Surat for financial year 2006-07 stood at Rs.4000 crores.

SURSEZ has been set up in an excellent location that is very much a necessity for all the industrial activities. The special economic zone has been set up just 14 kms from the center of Surat city. It is connected to the routes of Mumbai-Ahmedabad Road and Rail. The location is quite beneficial for the various activities that are being carried out in the industrial sector of the Surat special economic zone as it facilitates all kinds of requirements such as water, power, roads, sewerage, drainage, and streetlights. Infrastructural facilities such as ICD, Offshore banking facility, Strong Room, etc are also available near the location of SURSEZ. Surat special economic zone has built an office filled with competent and adept professionals to render quality and quick service to those who are setting up units in the SURSEZ.

Surat Special Economic Zone (SURSEZ) recently possesses more than 150 active units that are on operation in the zone. These operating units that are currently on the process in the Surat SEZ include sectors such as gems and jewelry manufacturing, diamond processing, engineering and technology applications, textiles units, textile machinery, pharmacy and pharmaceuticals and many more. These operating units in SURSEZ are growing leaps and bounds and also bringing in large dividends to the state for the benefits it gets due to its superb location, low-priced activities, safe and secured environment, and competent as well as skilled manpower who are working devotedly in the zone for all industrial units. An excellent and superior infrastructure is also one of the largest contributors for the Surat SEZ.

For more information on Surat Special Economic Zone (SURSEZ), please refer to the following: