Strengths and Opportunities of FSEZ

The Strengths and Opportunities of FSEZ is one of the major factors for the growth and the sustenance of the Falta Special Economic Zone (FSEZ). Set up in the State of West Bengal in the year 1984 by the Central Government of India, the Falta Special Economic Zone is among the several other economic zones established in different parts of the country. Falta Special Economic Zone comes under the SEZ Act and rules of the Central Government of India. The primary purpose of the FSEZ is to increase business activities, generation of employment, promotion of goods and services in the international market and attract foreign direct investments to the industries in West Bengal. The Falta Special Economic Zone is exempt from the duties, tariffs, cess and tax payments.

The factors influencing the Strengths and Opportunities of FSEZ are the infrastructure facilities, the availability of the basic elements of production, the competitiveness of the SEZ unit pertaining to the other such units in the domestic scenario or in the global arena, the SEZ policies of the state government, etc.

The strengths of FSEZ are -

• The total area measuring 280 acres is under the FSEZ
• The total allotted area measures up to 15570 square meters
• The supply of power is adequate and uninterrupted and the facility has stand by measures in case of power shut downs
• The FSEZ has the facility of electronically controlled weigh bridge for accurate weigh measurement
• The capacity of water supplied is nearly 1 million liters per day
• The area of FSEZ has equally good drainage facility
• The total internal roadways measure up to 11 kilometers
• The rate of growth of the FSEZ is quite high and which is increasing the export of goods
• The FSEZ is well connected by all types of transportation systems such as air, roadways, railways, and waterways
• The total value of exports of the FSEZ for the year 2006-07 is Rs.998.70 crores
• The total revenue earned by the FSEZ in the financial year 2005-06 is Rs.4.19 crores
• The FSEZ has export links with countries like Singapore, Hong Kong, USA, France, Italy, Malaysia, UAE, Kazakhstan

The different sectors in the FSEZ are-

• 2 Electronics sectors
• 12 Engineering sectors
• 2 Gems and jewelry sectors
• 30 Textiles sectors
• 13 Plastic, rubber, and synthetic sectors
• 4 Leather and sports sectors
• 6 Chemicals and petrochemicals sectors
• 7 Food and agro products sectors
• 25 Others sectors

Opportunities of FSEZ are-

• The opportunities of fast constructing capability
• The constant diversification in the export
• The increase in the trust of the investors
• The strengthening of the productive factors
• The strengthening of the industrial base and service base of the FSEZ
• The export should be increased by the means of action plans
• The formulation of both investor friendly and industry friendly policies by the state government of West Bengal