Govt. of Maharashtra SEZ Policy

Govt. of Maharashtra SEZ Policy is development oriented in order to attain State of Maharashtra's objective of encouraging the growth of industries in the state. The Govt. of Maharashtra SEZ Policy is pertaining to the special economic zones of the State of Maharashtra. The development and the sustenance of the special economic zones are important for the industrial development of the state. The policies pertaining to the special economic zones have to be industry friendly. The Govt. of Maharashtra SEZ Policy is formulated with special measures to ensure that the policies help the growth of the special economic zones. The SEZ is branded as the tax-free territory and the policies are targeted at propagating fast growth of the industrial sector.

The Govt. of Maharashtra SEZ Policy authorizes spheres such as-

• The exemptions of different kinds local and state duties, tariffs, and taxes pertaining to the transactions with the special economic zones
• The exemptions from registration fees and stamp duties
• The provision of granting permits and approvals pertaining to issues such as environment and human resources by the means of a single window system
• The permit for the generation of electricity by the manufacturing unit for the use of the same
• The time saving procedure for the acquisition of lands in order to establish the special economic zone

The State Government of Maharashtra has already started speeding up the other allied activities such as development of transportation system, roads, railways, road over bridges, flyovers, etc. The noteworthy projects under taken by the Maharashtra State Road Development Corporation (MSRDC) are Mumbai-Pune Expressway, which is already implemented and several other such as Bandra-Worli Sea Link, Trans Harbor Link, etc are at the various stages of execution. The State Government of Maharashtra has asked the Maharashtra State Road Development Corporation to perform a feasibility study on Fast Light Mass Transit System at Nagpur, Pune and Thane, and an airfreight area at Nagpur. The cost of the Mumbai-Pune Expressway project was nearly US$ 400 million and is it an engineering marvel in India.

Govt. of Maharashtra SEZ Policy issues are-

• Environment: the Maharashtra Pollution Control Board issues the clearances and the no objection certificates for the administrative authority supervising the SEZ. The projects and activities within the scope of the Environmental Impact Assessment Notification, 1994 requires must acquire environment clearance from the Central Government of India's, Ministry of Environment and Forest. The State Government of Maharashtra is empowered with the allotment of environment clearance for the activities and projects in agreement with the Department of Environment's Government Resolution No ENV-1091/SEAC/CR-170/Desk-1, 1997.
  
  
• Water Supply: The administrative authority of the SEZ assures the provision of abundant water supply in the special economic zone
  
  
• Power Supply: The administrative authority of the SEZ assures the uninterrupted power supply for the manufacturing units in the special economic zones. The State Government of Maharashtra has also put forward the provision of setting up of independent power production units within the special economic zones by the joint venture organization and the public sector units for the purpose of generating power for the particular units. The administrative authority of the SEZ also has stand by measures pertaining to the power supply in case of a shut down. The independent power producers also have the access the grid to draw in power at stand by situations by a special agreement with the Maharashtra State Electricity Board (MSEB).
  
  
• Taxes, duties, local taxes levied by the State Government of Maharashtra: The special economic zone is exempted from all kind of taxes levied by the State Government of Maharashtra which include Purchase Tax, Cess, Sales Tax, Octroi, etc. pertaining to the supply of services and goods.
  
  
• Registration of SSI and IT Enabled Services: The administrative authorities are empowered to grant permanent and provisional registration for the small-scale industry and information technology enabled service units.
  
  
• Law and order: The State Government of Maharashtra would be taking appropriate and undivided measures both for the proper maintenance of law and order within the special economic zones.