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SEZ and EOUs

Special Economic Zone an export promotion scheme launched by the Ministry of Commerce & Industry, Government of India with effect from 1’st April’2000 with an objective to provide an internationally competitive and hassle-free environment for earning of foreign exchange, attracting Foreign Direct Investment (FDI), generation of employment and facilitate transfer of technology, boost exports of goods & services and create skilled man-power in India. SEZ (Special Economic Zone) is deemed to be a territory outside the customs territory of India for the purpose of undertaking the authorized operations.

SEZ Units are in a specially designated zone with large infrastructure as compared to an EOU which can be located anywhere and is essentially a standalone unit. 

The government of Karnataka announced a State Policy for SEZs – 2009, vide Government Order No.CI/114/SPI/2007, dated 28.02.2009 to support and encourage the development of SEZs in the State. The GoK, through VTPC, facilitates the SEZs in the State.

The State SEZ Policy 2009 extends the following incentives to SEZs and SEZ Units:

  • Exemption of Stamp duty and registration fees for Registration of land and loan/ credit documents

  • Exemption electricity duties/ taxes

 

Below is the summary of SEZs and EoUs in Karnataka:

Particulars

Numbers

Number of Notified SEZs

52

Number of Operations SEZs

36

Operational SEZs units

502

Investment SEZs

1,02,754.54 Cr.

Employment SEZs

3,74,728 Persons

No Of Operational EOUs

285

Investment in EOUs

24086 crore

Employment in EOUs

73991

 

 

Sector wise list of Operational SEZ’S

Sl. No

Product Sector

Count of SEZ’S

No of Operational Units

1

IT/ITES

28

403

2

Biotechnology

1

22

3

Engineering

3

56

4

Defense reserve

1

1

5

Multi-product

1

10

6

Pharmaceutical

1

7

7

Textiles

1

3

Total

36

502

 

Sector-wise list of Operational EOUs

Sl. No.

Product Sector

No. of operational units

1

I/ITES

25

2

Electronics Hardware

26

3

Engineering Goods

61

4

Food & Agro Product

38

5

Miscellaneous

88

6

Pharmaceuticals/Chemicals

33

7

Plastic/Rubber/Synthetic

2

8

Textiles & Garments

12

Total

285

 

Last Updated: 28-08-2021 11:43 AM Updated By: VTPC


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