India EPZ Overview

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The India EPZ - Overview encompasses the summary of the main objective for setting up of the Export Promotion Zones in India. Further, the India EPZ - Overview also includes the administrative structure and the facilities offered by the Export Promotion Zones of India. An Export Processing Zones bears cluster of specially designed commercial zones for aggressive promotion of exports of India. The basic concept of Export Processing Zones was conceived in the 1970s and it was implemented to encourage the growth of export of India. All the Indian Export Processing Zones are facilitated with fiscal incentives, subsidized taxes, and other exclusive benefits for the growth of Indian export.

India EPZ - Overview of objectives

  • To encourage and generate the economic development across all industry sectors
  • To encourage Foreign Direct Investments (FDI)
  • To channel the sources of foreign exchange within the system in a phased manner
  • To foster the establishment and development of industrial enterprises within the said zones
  • To encourage and generate wider economic activities by encouraging foreign investments for the development of the zones
  • To channel the foreign exchange earnings for the further development of these zones and explore new areas for the development of Indian exports
  • To encourage establishment and development of Indian industries and business enterprises and facilitate with proper infrastructure
  • To generate employment opportunity
  • To upgrade labor and management skills
  • To acquire advanced technology for increased productivity
  • To ensure world class quality of products

India EPZ - Overview of facilities offered

  • Simplified procedures for development, operation, and maintenance of the Export Processing Zones and for setting up units and conducting business
  • Single window clearance for setting up of a EPZ
  • Single Window clearance on matters relating to Central as well as State Governments
  • Easy and simplified compliance procedures and documentations with stress on self certification
  • Exemption from duties on all imports for project development
  • Income tax exemptions on business income
  • Subsidized import duty
  • Procedural ease and efficiency for speedy approvals, clearances and customs procedures and dispute resolution
  • Simplification of procedures and self-certification in the labor acts
  • Artificial harbor and handling bulk containers made operational through out the year
  • Houses both domestic and international air terminals to facilitate transit, to and fro from major domestic and international destinations
  • Has host of Public and Private Bank chains to offer financial assistance for business houses
  • A vibrant industrial city with abundant supply of skilled manpower, covering the entire spectrum of industrial and business expertise
  • Well connected with network of public transport, local railways and cabs
  • Pollution free environment with proper drainage and sewage system
  • In-house Customs clearance facilities
  • Easy access to airport and local Railway Station
  • Full authority to provide services such as water, electricity, security, restaurants and recreational facilities within the zone on purely commercial basis
  • Abundant supply of technically skilled manpower
  • Abundant supply of semi-skilled labor across all industry sectors

India EPZ - Overview of management structure

  • Level one is headed by the Ministry of Commerce headed by the Commerce Secretary, which drafts and implements policies and reviews the performance of each such zones
  • Level two is headed by the Board of Approval (BOA), which is responsible for scrutinizing of application for opening up of new unit in the zone and which is headed by a person of the level of Additional Secretary
  • The Development Commissioner, who is the chief executive of the Export Processing Zone, heads the three levels. The Development Commissioner is vested with the power for the day-to-day function of the zone. Further, he is the head of functions relating to administration, approval of investment, and he also enforces various regulatory provisions