Special Economic Zones
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Advantage Kandla SEZ
Advantage of Kandla SEZ is that it is India's biggest Asia's 1st Special Economic Zone in the multi- product category.
The various advantages of Kandla SEZ which is located in the Indian state of Gujarat are that it has infrastructure facilities that are well developed, abundant labor supply, and situated at a distance of 9 km from the Kandla port which is an all weather modern port. This has proved to be an advantage for the Kandla SEZ for the export and import of goods from the SEZ can be done very easily for the time taken for transportation is less and so the costing is also less.
Further Advantage Kandla SEZ is that there is assured supply of water and power which are very essential for the industries that are set up in the SEZ. Also in the Kandla SEZ there is a dynamic round the clock administrative support. This has also proved to be an Advantage Kandla SEZ.
The various advantageous Kandla SEZ policies that has attracted many companies to set up units in the SEZ are that it is treated as a enclave that is duty free and also as a foreign country for tariffs, duties, and trade operations. In the Kandla SEZ customs duty has been exempted on import of consumables, raw material, spares, and capital goods. Further the beneficial Kandla SEZ polices are that for import license is not required, 100% exemption from income tax for a period of 5 years and after that 50% exemption from income tax for 2 years, and the units can be for service, manufacturing, and trading activity, and norms for wastage is not fixed. Also the positive Kandla SEZ polices that has attracted many companies to set up units in the SEZ are that there are no regular checking by customs of import and export cargo, availability of subcontracting facility for jewelry units, goods that are duty free can be used in 5 years, and no limits on foreign investments that come for items reserved by SSI.
Advantage Kandla SEZ is also that many banks have opened their branches in the SEZ. These include Bank of Baroda, State Bank of India, Dena Bank, and Punjab National Bank. Further Advantage Kandla SEZ is that land is available at very low price at around ` 13 per sq. mtr. Many companies have set up their units in the Kandla SEZ after coming to know of its many advantages.
The companies that have units in Kandla SEZ are:
The various advantages of Kandla SEZ which is located in the Indian state of Gujarat are that it has infrastructure facilities that are well developed, abundant labor supply, and situated at a distance of 9 km from the Kandla port which is an all weather modern port. This has proved to be an advantage for the Kandla SEZ for the export and import of goods from the SEZ can be done very easily for the time taken for transportation is less and so the costing is also less.
Further Advantage Kandla SEZ is that there is assured supply of water and power which are very essential for the industries that are set up in the SEZ. Also in the Kandla SEZ there is a dynamic round the clock administrative support. This has also proved to be an Advantage Kandla SEZ.
The various advantageous Kandla SEZ policies that has attracted many companies to set up units in the SEZ are that it is treated as a enclave that is duty free and also as a foreign country for tariffs, duties, and trade operations. In the Kandla SEZ customs duty has been exempted on import of consumables, raw material, spares, and capital goods. Further the beneficial Kandla SEZ polices are that for import license is not required, 100% exemption from income tax for a period of 5 years and after that 50% exemption from income tax for 2 years, and the units can be for service, manufacturing, and trading activity, and norms for wastage is not fixed. Also the positive Kandla SEZ polices that has attracted many companies to set up units in the SEZ are that there are no regular checking by customs of import and export cargo, availability of subcontracting facility for jewelry units, goods that are duty free can be used in 5 years, and no limits on foreign investments that come for items reserved by SSI.
Advantage Kandla SEZ is also that many banks have opened their branches in the SEZ. These include Bank of Baroda, State Bank of India, Dena Bank, and Punjab National Bank. Further Advantage Kandla SEZ is that land is available at very low price at around ` 13 per sq. mtr. Many companies have set up their units in the Kandla SEZ after coming to know of its many advantages.
The companies that have units in Kandla SEZ are:
- Neelam Metal Industries
- Kandla Polyplast Pvt. Ltd.
- Hindustan Celluloids & Plastics Ltd.
- Maruti Exports
- Om Siddhi Vinayak Impex
- Palmon Exports
