Policy regarding Special Economic Zones

The government of Maharashtra has adopted the SEZ policy for developing special economic zones in the state. The SEZs, earmarked as duty-free enclaves,have a relaxed and business friendly policy regime , aimed at promoting rapid industrial development and employment generation  – SEZ consultants

The approved policy regime includes :

• Exemption of all state and local taxes and levies for transaction with the SEZ and for supply from domestic traffic areas to the SEZ
• Exemption from stamp dusty and registration fees
• Grant for labour and environment related permits and approvals through a dedicated single window mechanism  
• Permission to generate electricity foe own consumption
• Expeditious process for land acquisition to set up SEZs

The SEZ policy aims at creating a simple and transparent system and procedures to attract large foreign and domestic investment in infrastructure for SEZ’s in Maharashtra

SEZ policy of Maharashtra provides attractive as follows:

• Hundred per cent exemption from stamp duty and registration fees
• Permission for captive power generation
• Micro, small and medium enterprises policy highlights
• Government is planning to initiates measures for availability of cheap and timely finance , technology up-gradation , upgradation of skill sets of those employed in MSME enterprises and marketing
• Setting up of a special institution for the SMEs
• New small scale industries are eligible for capital subsidy
• Special capital incentives are offered for setting up small- scale industries in backward units
• Interest subsidy is also offered to new textile, hosiery and knitwear SSI units

Incentives to promote quality competiveness, research and development and technology up-gradation

Incentives	Subsidy (%)	Limited to (INR Milion)
Capital equipment	5	2.5
Expenses incurred for quality certification	50	0.10
Cleaner production measures	25	0.50
Expenses incurred for patent registration	50	0.50