About Indore Special Economic Zone
The Government had put in place a single legislation for establishment, development and management of the Special Economic Zones. The government of India in the ministry of Commerce & Industries enacted the Special Economic Zones Act, 2005. Special Economic Zone are considered to be growth engines to boost manufacturing, augment exports and generate large scale employment. The unique feature of the SEZ Scheme is that an SEZ is considered to be foreign territory for the purpose of trade operations, duties and tariffs. Supplies of goods & services into SEZ from Domestic Tariff Area (DTA) are treated as exports and goods & services coming from SEZ into DTA are to be treated as if these are being imported.
Indore SEZ was notified prior to the enactment of the SEZ Act’ 2005 and became operational W.E.F. 15.08.2003. This SEZ is the only Green Field multi product SEZ of India as on date and is spread over an area of more than 1100 hectares of land in Phase I & II . Industries of various sectors such as Plastic, Engineering, Pharmaceutical, Metal, Textile & Food processing etc. are located in the Zone.
Official Address
Contact Information
- 0731-2971128, 2971129
- (0731) 4290586
- Visit Official Website
Special economic zone (SEZ) is a generic term used to refer to any modern economic zone. In these zones business and trades laws differ from the rest of the country. The aims of the SEZ include: increased trade, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financially libertarian policies are introduced. There policies typically regard investing, taxation, trading, quotas, customs and labour regulations. Companies may be offered tax holidays. Special Economic Zone recruitment offers great career opportunities for several posts such as: Appraiser (Customs), Preventive Officer.
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