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          • Parsvnath Mall, Inderlok
          • Parsvnath Mall, Kashmere Gate
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          • Parsvnath Mall, Welcome
          • Elegante Mall, Netaji Subhash Place
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      • Sonepat
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      • Related Party Disclosures
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      • Newspaper Publication
      • Video recording of AGMs
      • Notice under Section 160 of Companies Act, 2013 (“The Act”)
      • Code of Practices and Procedures for Fair Disclosure of UPSI and Policy For Determination of Legitimate Purposes
      • Code of Conduct to regulate, monitor and report trading by Designated Persons and their immediate Relatives and Policy and Procedures for Inquiry in case of Leak or Suspected Leak of UPSI
      • Code of Conduct for Corporate Governance
      • Policy for Determining Material Subsidiaries
      • Business Responsibility Policy
      • Related Party Transaction Policy
      • Corporate Social Responsibility Policy
      • Dividend Distribution Policy
      • Familiarization Programs for Independent Directors
      • Nomination and Remuneration Policy
      • Vigil Mechanism/ Whistle Blower Policy
      • Terms & Conditions of Appointment of Independent Directors
      • IEPF
      • Subsidiary Companies
      • Listed Subsidiary Companies
      • Postal Ballot
      • General Meetings
      • Split / Sub-division of Equity Shares of the Company
      • Book Closure/Record Date
      • Investor Grievance Redressal Cell
      • KMPs Authorized for Determining Materiality of an Event
      • Archival Policy
      • Policy for Maintenance and Preservation of Documents
      • Policy for determination of Materiality of events
    • Information under erstwhile Listing Agreement
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      • Disclosures of reasons for encumbrance of shares by Promoters
    • Transfer of Shares only in Dematerialised form
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SEZ in India

SEZs in India

  • SEZs are Industrial Townships outside the customs duty territory of India.
  • SEZs are synonymous with globalization and meant to ensure a flow of labor and capital from surplus to deficit regions, so that everyone benefits from investment and export promotion.
  • India’s growing market for consumer goods, already in the top ten, could reach US $400 billion by 2010 making it one of the five largest in the world.
  • The lower cost of production an SEZ makes exporting from India attractive while offering the unique advantage of servicing a potentially large Indian market at the same time.
  • PIL’s role as a developer is to create world-class infrastructure for the processing units, and to operate and maintain the SEZ. Infrastructure includes industrial (standard and specific design factory), business, offshore banking, and social amenities viz. living (residential areas and shopping malls), learning, healthcare, recreation, utilities, logistics, security etc.
  • PIL will also create separate entities for business, residential, recreational, or utility facilities within the SEZs with a 26% minimum shareholding by PIL in such entity.

SEZs in India are Unique

The SEZ policy framework is the most visionary, ambitious and far-reaching initiative of the Government of India (GOI) so far, designed to transform fundamentally the ‘Foreign Direct Investment (FDI) Landscape’ for all times to come. It aims to provide complete business freedom to large multinational companies which are seeking to globalize their production bases.

The central and distinctive anchors of the SEZ policy framework in India cover the following themes:

  • 100% tax break/holiday for ten years up to 2010 (in other countries, tax reliefs are regulated).
  • Unrestricted access to domestic markets (with payment of applicable duties/taxes).
  • The permissible economic activity in SEZ is vast and it covers trading, servicing, reconditioning, labeling, repacking etc.
  • 100% foreign ownership automatically cleared in the manufacturing sector. The Chinese SEZs for long have insisted on joint ventures with local partners
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Note: This website is in the process of being updated in the light of Real Estate (Regulation & Development) Act, 2016 and Rules made thereunder by the respective States ( hereinafter referred as 'RERA' ). By accessing this website, the viewer confirms that the information including brochures and marketing collaterals on this website are solely for informational purposes only. Nothing on this website, constitutes advertising, marketing, booking, selling or an offer for sale, or invitation to purchase a unit in any project by the Company in terms of RERA ( Except of Projects which don't come under RERA / Projects where RERA Registration has been done) . The Company or any officer shall not be liable for any consequence of any action taken by the viewer relying on such material/ information on this website.

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