{"id":3306,"date":"2019-11-01T22:26:45","date_gmt":"2019-11-02T01:26:45","guid":{"rendered":"https:\/\/www.abrazpe.org.br\/?p=3306"},"modified":"2019-11-01T22:26:52","modified_gmt":"2019-11-02T01:26:52","slug":"indias-special-economic-zones-a-primer","status":"publish","type":"post","link":"https:\/\/www.abrazpe.org.br\/index.php\/2019\/11\/01\/indias-special-economic-zones-a-primer\/","title":{"rendered":"India\u2019s special economic zones: A primer"},"content":{"rendered":"<p class=\"estimated-read-time\">Tempo de leitura:<small> 2 minutos<\/small><\/p> \n<p>Special economic zones (SEZs) in India are areas that offer incentives to resident businesses. SEZs typically offer competitive infrastructure, duty free exports,&nbsp;<a href=\"https:\/\/www.asiabriefing.com\/store\/book\/tax-incentives-in-india-7533.html\">tax incentives<\/a>, and other measures designed to make it easier to conduct business. Accordingly, SEZs in India are a popular investment destination for many multinationals, particularly exporters.<\/p>\n\n\n\n<p>While India\u2019s SEZs are similar to those found in other parts of Asia, business leaders that are considering&nbsp;<a href=\"https:\/\/www.india-briefing.com\/news\/company-setup-india-establishing-offices-partnerships-14083.html\/\">setting up<\/a>&nbsp;in a SEZ should seek to understand how SEZs work in India. Each SEZ is unique. Many business leaders conduct&nbsp;<a href=\"https:\/\/www.dezshira.com\/services\/business-intelligence-solutions\">market entry studies<\/a>&nbsp;that compare sites, resources, incentives, and costs before making site visits.<\/p>\n\n\n\n<p>The Indian government had long used export processing zones (EPZs) to promote exports. In fact, Asia\u2019s first EPZ was established in 1965 at&nbsp;<a href=\"http:\/\/kasez.gov.in\/welcome-to-kasez\/\">Kandla<\/a>, Gujarat state. While these EPZs had a similar structure to SEZs, the government began to establish SEZs in 2000 under the Foreign Trade Policy.<\/p>\n\n\n\n<p>The government sought to use SEZs to redress the infrastructural and bureaucratic challenges that were seen to have limited the success EPZs. The government\u2019s SEZs are structured closely on&nbsp;<a href=\"https:\/\/www.china-briefing.com\/news\/china-free-trade-zones-six-provinces\/\">China\u2019s successful model<\/a>. They are designed to encourage domestic and&nbsp;<a href=\"https:\/\/www.india-briefing.com\/news\/fdi-india-performance-overview-fy-2019-18677.html\/\">foreign investment<\/a>, boost India\u2019s&nbsp;<a href=\"https:\/\/www.india-briefing.com\/news\/import-export-licensing-procedures-india-6804.html\/\" target=\"_blank\" rel=\"noreferrer noopener\">exports<\/a>, and create new employment opportunities.<\/p>\n\n\n\n<p>The&nbsp;<em><a href=\"http:\/\/commerce.gov.in\/writereaddata\/aboutus\/actspdfs\/SEZ%20Act,%202005.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">Special Economic Zone&nbsp;Act, 2005<\/a><\/em>&nbsp;further amended the country\u2019s SEZ policy. Many EPZs were converted to SEZs, with notable zones in Noida (Uttar Pradesh state), Falta (West Bengal state),&nbsp;Visakhapatnam (Andhra Pradesh state),&nbsp;Chennai (Tamil Nadu state), Cochin (Kerala state), Santa Cruz (Maharashtra state),&nbsp;Indore (Madhya Pradesh), as well as Kandla and Surat (Gujarat).<\/p>\n\n\n\n<p>Since the Act\u2019s promulgation, the Indian government has also accepted proposals for additional, far smaller SEZs, which must be proposed by developers to the Indian&nbsp;<a href=\"http:\/\/sezindia.nic.in\/cms\/setting-up-of-sez.php\" target=\"_blank\" rel=\"noreferrer noopener\">Board of Approval<\/a>. The&nbsp;<em><a href=\"http:\/\/sezindia.nic.in\/upload\/uploadfiles\/files\/14_SEZ_Rules_July_2010.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">SEZ Rules, 2006<\/a><\/em>&nbsp;lay down the complete procedure to develop a proposed SEZ or establish a unit in an SEZ.<\/p>\n\n\n\n<p>At least\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/sezindia.nic.in\/upload\/uploadfiles\/files\/factsheet(2).pdf\" target=\"_blank\">221 SEZs are in operation<\/a>, and by January 2018, a massive\u00a0423 have received\u00a0<a rel=\"noreferrer noopener\" href=\"http:\/\/sezindia.nic.in\/upload\/uploadfiles\/files\/factsheet(2).pdf\" target=\"_blank\">formal approval for operation<\/a>. While some observers argue that India\u2019s SEZs have not become as successful as those in China, India\u2019s SEZs remain an important\u00a0<a href=\"https:\/\/www.asiabriefing.com\/store\/book\/manufacturing-trading-india-7924.html\">sourcing and manufacturing destination<\/a>\u00a0for foreign investors.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.india-briefing.com\/news\/guide-indias-special-economic-zones-9162.html\/\">Leia mais<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><small> 2 minutos<\/small> Special economic zones (SEZs) in India are areas that offer incentives to resident businesses. SEZs typically offer competitive infrastructure, duty free exports,&nbsp;tax incentives, and other measures designed to make it easier to conduct business. Accordingly, SEZs in India are a popular investment destination for many multinationals, particularly exporters. While India\u2019s SEZs are similar to those found in other parts of Asia, business leaders that are considering&nbsp;setting up&nbsp;in a SEZ should seek to understand how SEZs work in India. Each SEZ is unique. <a href=\"https:\/\/www.abrazpe.org.br\/index.php\/2019\/11\/01\/indias-special-economic-zones-a-primer\/\" class=\"more-link\"><span>Continue lendo<\/span>\u2192<\/a><\/p>\n","protected":false},"author":4,"featured_media":3307,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5,7],"tags":[],"class_list":["entry","author-adm_hb2018","post-3306","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artigos","category-noticias"],"_links":{"self":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/3306","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/comments?post=3306"}],"version-history":[{"count":1,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/3306\/revisions"}],"predecessor-version":[{"id":3308,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/posts\/3306\/revisions\/3308"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/media\/3307"}],"wp:attachment":[{"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/media?parent=3306"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/categories?post=3306"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.abrazpe.org.br\/index.php\/wp-json\/wp\/v2\/tags?post=3306"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}