Rajasthan Blog » SEZs http://www.rajasthantour4u.com/blog All you need to know about Rajasthan Mon, 06 Sep 2010 11:14:54 +0000 en hourly 1 http://wordpress.org/?v=3.0.1 Special Economic Zone (SEZ) in Rajasthan – Offers Infrastructure and Business Environment to Promote Exports http://www.rajasthantour4u.com/blog/index.php/2010/02/04/special-economic-zone-sez-in-rajasthan-offers-infrastructure-and-business-environment-to-promote-exports/ http://www.rajasthantour4u.com/blog/index.php/2010/02/04/special-economic-zone-sez-in-rajasthan-offers-infrastructure-and-business-environment-to-promote-exports/#comments Thu, 04 Feb 2010 13:27:41 +0000 mystaterajasthan http://www.rajasthantour4u.com/blog/?p=3365 Special economic zone or more commonly known as SEZ, is a particular area which acts as foreign territory for tariff and trade operations. In these zones Govt. provides tax exemption i.e excise, customs, sales and provide subsidisidies on water and electricity bills to companies.

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Objectives of Special Economic Zone

The prime objective of the Government is to develop specially delineated economic zones  to provide enabling infrastructure and a hassle free environment to promote exports from the State.  Special emphasis is  laid on development of product specific Special Economic Zones to harness inherent potential of the State in the fields of Gems & Jewellery, Handicrafts, Woolen Carpets etc.

Rajasthan’s location and proximity to the Delhi makes it an ideal location for export-oriented industrial development on a large scale. 40% of the proposed Delhi-Mumbai freight corridor will pass through Rajasthan throwing up enormous possibilities for development of industrial belts such as special economic zones along the corridor.

New Concessions for SEZ in Rajasthan

Recently Rajasthan Chief Minister Mr Ashok Gehlot  added new points in SEZ Act that says : The industrial units established in the SEZ would get exemption from electricity duty for ten years instead of the previous seven years, while the hotels and entertainment units on the SEZ premises would be exempted totally from payment of luxury tax and get 50 per cent concession on entertainment tax for seven years.

SEZs in Rajasthan

Five SEZs with an expected investment of Rs.165.15 billion have already received formal approval and start working progressively. These are:

* Mahindra World City (Jaipur) Ltd., Jaipur

Following the success of Mahindra World City, Chennai, the second Mahindra World City was established in Jaipur. Inaugurated in December 2006, Mahindra World City, Jaipur is spread over an area of 3,000 acres.

Some of the other SEZ’s in Rajasthan are:

* Somani Worsted Ltd., Khushkeda, Bhiwadi, Alwar
* Genpact Infrastructure (Jaipur) Pvt. Ltd., Jaipur
* Vatika Jaipur SEZ Developers Ltd., Jaipur
* Mansarovar Industrial Development Corporation, Jodhpur

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