Special Features of Karnataka SEZ

Published: 25th May 2011
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Special Economic Zones are set up in different areas in the country with a primary intention of promoting exports. According to the Indian Ministry of Commerce and Industry, ‘This policy intended to make SEZs an engine for economic growth supported by quality infrastructure complemented by an attractive fiscal package, both at the Centre and the State level, with the minimum possible regulations’.

In India, SEZs are normally setup by the Government and run by either private ownership or in partnership with Government of India. SEZs contribute to development of industrial growth of the area where it is setup.

One of the newly developed SEZ is situated in Karnataka. This SEZ focuses primarily on Aerospace engineering services and Manufacturing functionalities. They offerservices in areas of globalization practices ranging from design to manufacturing, understanding the gaps well in terms of economics, infrastructure, bottlenecks, regulatory approvals and skilled manpower.

Special Features of Karnataka SEZ

As Karnataka’s first Aerospace Precision Engineering and Manufacturing SEZ, this development centre spreads across 300 acres in Belgaum, and is all set to develop the Aerospace Precision Engineering and Manufacturing supply chain ecosystem in the city.

It offers complete design-to-build services, right from concept design to the finished product thereby providing all round support for the Aerospace Engineering sector.

The Karnataka SEZ provides industries with multiple tax benefits and incentives because it has been attracting significant Foreign Direct Investments into India.

Investors here also get the opportunity to work alongside global business leaders. One of the players to have already set up operations in this one of its kind Special Economic Zone in India includes Aerospace Processing India Pvt. Ltd. (API).

One of the highlights of this SEZ is that it is located in a prime area near Belgaum. Belgaum is a strong industrial hub for precision machining and foundry operations for several automotive and industrial facilities. The presence of more than 100 foundries and 150 machine shops and the availability of skilled labor at competitive prices add further value to its credibility.

The SEZ is situated only 37 km from the Belgaum city airport which is hardly half-an-hour’s drive. It is strategically located on the Golden Quadrilateral Highway (NH4), and enjoys easy access to major commercial hubs like Bangalore, Mumbai and Hyderabad (300 miles approx.). It is also close to other cities like Goa (100 miles), Kolhapur (60 miles) and Pune (250 miles) via rail, road, air and sea.

The SEZ offers exclusive employee augmentation and technical support to industries.It is also an eco-friendly industrial environment with the following benefits.

1 International standard landscaping with nearly 15,000 trees
2 Bicycles for intra-zone mobility
3 Good landscape with large amphitheatre that is visible and accessible from across the entire campus
4 Rain water harvesting
5 Water treatment plant
6 Sewage treatment plant
7 An existing small stream is being converted to a natural water body

With so many varied SEZ benefits and facilities, this Karnataka SEZ is sure to attract top industries in its slot and produce high export revenue for the country.

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