Policy of Govt. of Madhya Pradesh Regarding SEZ

The Policy of Govt. of Madhya Pradesh Regarding SEZ is development oriented. The Policy of Govt. of Madhya Pradesh regarding SEZ has been carefully formulated in order to make it more industry and investor friendly. The growth and sustenance of the special economic zones in Madhya Pradesh highly depend on the Policy of Govt. of Madhya Pradesh Regarding SEZ. The SEZ units are tax free zone and the main purpose of the Govt. of Madhya Pradesh SEZ Policy is to promote rapid growth in the industrial sector of Madhya Pradesh. The SEZ units may indulge in various kinds of activities such as repair and service, manufacturing, and restructuring of products.

The Policy of Govt. of Madhya Pradesh Regarding SEZ units have the provision of establishing the SEZ units in the private sector, public sector, and joint sector. It is also proposed that the present operational export processing zones would be transformed into SEZ units.

Govt. of Madhya Pradesh SEZ policy structure are-

To provide proper infrastructure facilities and development for Special Economic Zone.
The policy regarding SEZ would include the present SEZ units and also the SEZ units coming in the future and would be formulated in accordance with the policy structure of the central government of India.
The state government is given the authority for acquiring the land for the special economic zones under the provisions of the Land Acquisition Act.
The airport at Indore is proposed to be transformed into an international airport with appropriate amenities such as heavy cargo facilities and air freight services.
To have a single authority for the clearance certificates, sanctions, permissions, no objection certificates from the boards, departments and organization of the government. The authority would even control and supervise the functioning of the SEZ units.

Issues of Govt. of Madhya Pradesh SEZ policy are -

Environment: The Madhya Pradesh Pollution Control Board provides with the required clearances, no objection certificates, etc for the functioning of the SEZ units.
Power: The SEZ unit are provided with continuous power supply.
Sales Tax and other taxes: The SEZ units are exempted from all kinds of tax such as VAT, octroi, purchase tax, commercial tax, etc within the domestic area.
Water: The SEZ area has adequate supply of water.

Acts under the Govt. of Madhya Pradesh SEZ policy are -

Employees Provident Fund and Miscellaneous Provisions Act 1952
Industrial Dispute Act, 1947 Sec.2 (i)
Industrial Dispute Act, 1947 Sec.4
Industrial Dispute Act, 1947 Sec.9 (a)
Industrial Dispute Act, 1947 Sec.25
Employees State Insurance Act, 1948
Factories Act, 1948 Sec.8 (1) and 8(2)
Minimum Wages Act, 1948
Employment Exchanges (Compulsory Notification of Vacancies) Act, 1959.
Payment of Gratuity Act, 1972
Payment of Wages Act,
Contract Labor (Regulation and Abolition) Act, 1970.
Equal Remuneration Act, 1976
Industrial Employment (Standing Orders) Act, 1946 Sec.6