Maharashtra Special Economic Zone

The Maharashtra Special Economic Zone is the most strategically placed SEZ in the country. Being the most industrialized state in India, Maharashtra has undergone rapid infrastructure development such as roads, railways, airport, and seaports. These assistances have helped the industries further.

The Special Economic Zones in Maharashtra have the advantages of close proximity to seaport and airfreight services that would increase India's industrial exports.

Maharashtra Special Economic Zone comprises of-

Santacruz Electronics Export Processing Zone
Navi Mumbai Special Economic Zone
Maha Mumbai Special Economic Zone

Santacruz Electronics Export Processing Zone (SEEPZ) was set up in the year 1974 for the purpose of manufacturing and exporting electronic products. Set up in an area measuring 100 acres it has become watershed project of the Maharashtra Industrial Development Corporation. The gem and jewelry industry was introduced in the year 1988 in SEEPZ.

Aspects of SEEPZ are-

The imports are license free
Tax exemption on import of basic element, capital goods, etc
Tax exemption on central sales tax pertaining to national purchases
The SEEPZ can be involved in any type of activities among trading, manufacturing and service
The SEEPZ is entitled for 100% foreign direct investments apart from a few of the sectors

The Navi Mumbai Special Economic Zone (NMSEZ) is located in the satellite township near Mumbai known as Navi Mumbai in the state of Maharashtra. Navi Mumbai Special Economic Zone (NMSEZ) is situated in the most industrialized part of India. NMSEZ is regarded to be the best SEZ in India as sea, rail, air and road and a state of the art trans-shipment hub connect it.

Facilities of NMSEZ are-

The NMSEZ has well developed transportation system including wide main roads and services roads
The commercial units have the option of choosing between technologically equipped state of the art factories, land plots with proper amenities, and well built and equipped office space
The NMSEZ has adequate supply of power and also has back up provisions in case of shut downs
The NMSEZ has adequate supply of water through the dams operated by the CIDCO
The NMSEZ has a very well constructed system of disposal for solid waste and sewer water

The Maha Mumbai Special Economic Zone (MMSEZ) is proposed to be setup in Navi Mumbai area, as a standard international business center. The area where the MMSEZ would be set up is situated near Mumbai in Maharashtra. Maha Mumbai Special Economic Zone would be acquiring 10,000 hectares of land in three different stages, within a time span of ten years.

Infrastructure facilities of MMSEZ are-

Continuous power supply and provisions of standby power service
The manufacturing units have the option of office space, technologically equipped factory space, land plots
A fully developed facility of transportation system which would have wide main roads and services roads
Adequate water supply and well constructed network of pipelines and water pumps

Government of Maharashtra SEZ Policy -

The main purpose Government of Maharashtra SEZ Policy is the growth of the industries in the State of Maharashtra.

Area of focus of Government of Maharashtra SEZ Policy -

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 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 time saving procedures for the acquisition of lands in order to establish the special economic zone

The issues of the Government of Maharashtra SEZ Policy are-

Legal system
Supply of power
Supply of water
Environmental issues
Taxes, duties, local taxes levied by the State Government of Maharashtra
Registration of IT enabled services and SSI

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