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Engineering Services and SEZ Benefits in India 

New regulations and laws pertaining to Special Economic Zones (SEZ) in India having been taking place for quite some time now.

 

 
 
Tags:  engineering services company  special economic zones in India  SEZ benefit  Engineering Services Consulting 
Views:  106
Published:  May 16, 2012
 
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Slide 1: Engineering Services and SEZ Benefits in India New regulations and laws pertaining to Special Economic Zones (SEZ) in India having been taking place for quite sometime now. The focus is to regenerate SEZ despite its unspectacular start that did not have much scope to experiment, flexible labor laws other prerequisites to reform measures. The key to success here comes from administrative support and political backing. Special Economic Zones in India – Strengths and Opportunities Let us have a look at some of the strengths and opportunities of special economic zones in India:- Strengths ● ● ● ● ● There is a familiarity with Western concepts of business practices There is a well established legal redress system Offers relatively low labor prices Comprises of India’s large English speaking workforce Has a huge, evolving large and growing domestic market Opportunities ● ● ● ● ● To use SEZs in order to catalyze infrastructure development Establish realistically a competitive edge for SEZs A huge NRI base who have invested less in Indian Greenfield development Tapping the benefits of WTO and increase India’s small share of global trade To maximize investments in core strength areas such as IT and software products and services Engineering services company and Indian SEZ’s There has been numerous engineering services company that has contributed to the growth of special economic zones in India. To mention one would be the Precision Engineering and Manufacturing SEZ unit in Belgaum. This acts as a foundation for foundry operations for various industrial and automotive
Slide 2: facilities. More than 100 foundries are present here along with 150 machine shops. Simultaneously, there is the availability to skilled labor at a competitive price range and adds to its credibility. This particular engineering SEZ provides an organic, sustainable and environment friendly industrial development. Selected SEZ benefits and incentives are:- ● ● ● ● ● ● ● There is international standard landscaping with approximately 15,000 trees There is bicycles for intra-zone mobility A proper landscape with a huge amphitheatre visible and available from total campus Has rain water harvesting Provides a water treatment plant Provides a sewage treatment plant An existing small stream is being converted to a natural water body Therefore, with the above mentioned facts in mind one can say that the major SEZ benefit lies in economic growth and industrial promotion through sustainable development. In addition to that, the initial policy states that Indian SEZ units will be allotted tax rebates, fiscal incentives and lands and subsidized rates. Today various works are being carried on in line with these policies and clauses. Read Also On: Engineering Services Consulting.

   
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