- To qualify for developing a multi-product SEZs, the net worth of
the applicant has to be at least Rs.250 crore and the minimum
investment in the project Rs.1,000 crore. For sector specific SEZs,
the applicant net worth has to be a minimum of Rs.50 crore while the
minimum investment criteria is Rs.250 crore. For applying for IT
SEZs, net worth of the applicant has to be Rs.100 crore.
- The list of authorised operations for IT, bio-teh and gems and
jewellery SEZ include roads, housing appartments, convention centre,
cafeterias and restaurant, air conditioning, telecom and other
communication facilities, electrical, gas and PNG distribution
network and recreational facilities.
- Sector-specific SEZs will be allowed to have additional
operations including hotels, schools and educational and technical
institutes. Multi-product SEZs will also be allowed to have ports,
airports and golf-courses.
- Sector specific SEZs will be allowed to have 7,500 houses,
hotels with a total of 100 rooms, a 25 bed hospital and schools and
other educational institutions over 25,000 square meters.
- Multi-product SEZs will be allowed 25,000 houses, a 250 rooms
hotel and a hospital with 100 beds. Developers will not get tax
concessions for any construction beyond the specifications.
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The
Special Economic Zone is demarcated for specialized economic development
that is oriented towards increasing FDI inputs and boosting export
activities, through special policy incentives. An SEZ area typically
involves strategically located infrastructure that is geared up towards
meeting the special demands and requirements of corporate organizations. We
at Jain Oncor as a consultant to provide our customers approved land for
sale, offices spaces facilities located in SEZ areas like Gurgaon, Noida,
Uttranchal, Banglore, Pune, Mumbai, Chennai with a view to boost clients'
business activities and business interests.
