Special
Economic Zone
Dronagiri
Node
Dronagiri
is a large and comprehensive Port-based township, set over 2500
hectares of land. Dronagiri has office complex, warehousing
facilities, exclusive residential area and SEZ. Located close to
Jawaharlal Nehru Port, India’s most hightech and modern major sea
port in the southern end of Navi Mumbai. It is currently handling 10
millions tones of cargo every year.
Dronagiri
is named after the legendary Dronagiri Hills, surrounded with creeks
and sea on three sides (Panvel Creek – north, Arabian Sea – west,
Karanja Creek – south). Dronagiri is one of the 14 nodal townships
of Navi Mumbai. It is connected by National Highway (NH) 4B, State
Highway (SH) 41 and the Panvel-Uran existing railway line which is on
its way of conversion for commuter traffic. It is proposed to have
hovercraft connectivity with Greater Mumbai. Ferry services are in
place between Dronagiri (Mora Jetty) and Gateway of India. A trans
harbour link connecting South Mumbai to Dronagiri is in process. The
existing Mumbai International/Domestic Airport is at a distance of 48
kms. and the proposed International Airport is only 8 kms away. The
upcoming Mumbai-Navi Mumbai-Pune Knowledge Corridor is at a distance
of 25 kms from the township.
Infrastructure
Road
·
NH4-B
ready, Connecting the SEZ to Panvel and the National Highway network
·
State
Highway (SH41) ready, Connecting the SEZ to Sion Panvel Expressway.
Rail
·
Goods rail line connecting the SEZ to Panvel and the rest of the railway
network fully operational.
·
Mass
Rapid Transport rail system connecting Belapur CBD to Uran under
construction.
Air
·
The
proposed International Airport is closeby the SEZ.
Water
·
Hovercraft
and catamaran services are proposed. Ferry services existing from
Gateway of India to Uran.
Electricity
·
240
MW gas based power plant located in the SEZ and fully functional
Water
·
Hovercraft
and catamaran services are proposed. Ferry services existing from
Gateway of India to Uran.
Electricity
·
240
MW gas based power plant located in the SEZ and fully functional
Water
Supply
·
CIDCO’s
Hetawane water supply scheme will supply adequate water to the SEZ.
Voice
/ Data
·
Adequate
voice/data connectivity provided by MTNL & Hughes Tele.com
Housing
·
Adequate
housing stock available.
Social
Infrastructure
·
School,
hospitals and social facilities being developed.
A
large office complex to accommodate the port users business available
for ready occupation.
What is SEZ ?
What
is so “Special” about Special Economic Zone (SEZ) ?
1.
Special
Economic Zone (SEZ) is a special duty-free enclave designed to promote
foreign investments in a comprehensive range of economic activities
from manufacturing at one end to trading and financial services on the
other in an unfettered business environment. It is special because:
-
Under
a special policy dispensation promulgated by the Central
Government as recently as in April 2000, businesses will operate
under high quality policy and business like and friendly
regulatory environment free of hassles and rend tapism. In other
words, the operation of the normative and restrictive
business/commercial laws will be suspended. Operating entities
will be free to pursue their business interests free of Government
intervention.
-
The
SEZ will provide high quality and world-class infrastructure
designed to render costs of products, delivery, logistics and
transactions competitive on global basis.
-
While
SEZ will be insulated from the domestic tariff are in so far as
the negative influences are concerned, it will non the less
provide the much sought and “privileged” access to the
domestic markets.
Salient Features
·
A
Designated duty free enclave and to be treated as foreign territory
for trade operations and duties and tariffs.
·
Units
are free from plethora of rules and regulations governing import and
export.
·
Units
are able to import capital goods and raw materials duty free from
abroad. And also from DTA without payment of terminal excise duty.
·
No wastage norms or input-output norms.
·
SEZ
units would be able to undertake job work from the DTA units and also
to get their goods processed in the DTA.
·
Sales
within DTA area permitted only on payment of applicable customs
duties.
·
No
routine examination by customs of export and import cargo.
·
No
separate documentation required for customs and exim policy.
·
Corporate
tax holiday upto 2010 U/S. 10-A of the Income Tax Act.
·
No
licence required for imports.
·
Supplies
from DTA to SEZ units treated as deemed exports.
·
Reimbursement of central sales tax paid on domestic
purchases.
·
SEZ
units may be for manufacturing, trading or service activity.
·
100%
Foreign direct investment in manufacturing sector allowed through
automatic route.
·
Profits
allowed to be repatriated freely without any dividend balancing
requirements.
·
No
industrial licensing restrictions on products reserved for Small Scale
Sector.
Uniqueness
of SEZ in India
Distinctive
underpinnings
1.
The
SEZ policy framework is the most visionary, ambitious and far-reaching
initiative of the Government of India (GOI) so far designed to
transform fundamentally the “Foreign Direct Investment (FDI)
Landscape” for all times to come. It is designed to provide complete
business freedom to large multinational companies which are seeking to
globalize their production bases.
2.
The
central and distinctive anchors of the SEZ policy framework in
India cover the following themes :
i. 100% tax break/holiday for ten years upto 2010 (in other
countries, tax reliefs are regulated).
ii.
Unrestricted
access to domestic markets (with payment of applicable duties/taxes)
iii.
The
permissible economic activity in SEZ is vast and it covers trading,
servicing,
iv.
100%
foreign ownership automatically cleared in the manufacturing sector.
The Chinese SEZs for long have insisted on the joint venture with
local partners.
v.
100%
foreign investments automatically cleared in the manufacturing sector.
Dronagiri
SEZ
·
Location
: Dronagiri Navi Mumbai near Jawaharlal Nehru Port, Area 690 hectares.
·
It
is one of the 14 developed nodes of Navi Mumbai.
·
This
SEZ is setup adjacent to commercial capital of India, Greater Mumbai.
·
CIDCO
which has developed the whole Navi Mumbai township including Dronagiri
node is the Nodal Agency appointed by Government of Maharashtra (GOM)
for Dronagiri SEZ.
·
Navi
Mumbai represents the
largest ever planned urban development effort gobally with investment
(planned and proposed) at US$2.5 billion
· Dronagiri
node spread over 2500 ha.
· SEZ
at Dronagiri spread over 690 ha. Expandable to 1000 ha.
·
Located
next to most modern state-of-the-art seaport, owned and managed by
Jawaharlal Nehru Port Trust (JNPT) which has set a milestone of having
handled over one million 20 ft. Containers during the last year.
·
The
proposal to provide the establishment and management of Marine
Chemical Terminal (MCT) with the capacity to handle liquid volumes
upto 5 million metric tonnes per annum is in process. Such n MCT can
be strategic source of support for a petroleum part proposed as part
of Dronagiri SEZ.
·
External
infrastructure linkage -
both road and rail (National Highway 4A and 4B) – to the state
–of-the-art standards already exist.
·
Mother
sources of supply of power and water to Dronagiri SEZ already
established. Significant surplus capacities exist in these sources.
·
Significant
amount of internal infrastructure development within Dronagiri SEZ
already completed. Such works cover reclamation, road network, water
and sewer lines, power lines etc.
·
New
International Airport of Mumbai planned in the vicinity of SEZ.
·
Located
along the most dynamic and throbbing industrial belt of India namely
Mumbai Pune corridor.
Priority
of industrial sector
·
Hi-tech
industries including R&D
·
Capital
intensive industries
·
Employment
generating industries.
The
industries proposed to be targetted are as given below. This is only
an indicative list.
Permissible
Industries
·
Trading,
processing repacking
·
Re-conditioning,
repairing
·
Services
Proposed
Industries
·
Offshore
financing and banking * Offshore trading and distribution * Electrical
and electronic components manufacturer * Wood Furniture * Semi
conductors and communication hardware * R&D labs * Toys *
Bio-tech/pharmaceutical * Gem and jewellery * Apparel/garments *
Reconditioning of automobiles * Printing and allied technology * Band
with exchanges * Food processing * Rubber and plastic products *
Tobacco products *
Storage and handling of petroleum products.
Navi
Mumbai : The City of the 21st Century
Navi
Mumbai the city of the 21st Century is being developed as a
counter magnet to Mumbai, with the basic objective of curbing further
growth of the mega city of Mumbai. The largest new town development in
the world, Navi Mumbai spreads over 344 sq. km with all the essential
infrastructure in place. This modern city, with a target population of
2 million by the year 2003 AD, is being developed as a series of self
contained nodes strung along an efficient Mass Transport System. The
well-planned transportation network consisting of Road, Rail and
Waterway systems makes the Navi Mumbai easily accessible from all
parts of the country. The proposed Domestic cum International Airport
is envisaged to further enhance this accessibility. A host of unique
projects on the anvil such as the Multiplex and Family Entertainment
Complex, International Exhibition Centre, Amusement Park, Golf Course,
Special Economic Zone (SEZ) and the like are expected to catapult Navi
Mumbai on to the world map.
Navi
Mumbai, strategically located on the proposed Mumbai Pune ‘Knowledge
Corridor’, has been receiving a lot of thrust with respect to
Information Technology. The Government of Maharashtra has plans drawn
up to develop Mumbai, Navi Mumbai and Pune as high tech habitats for
IT Industry.
The
proposed trans-harbour link between Mumbai and Navi Mumbai is further
expected to enhance the status of this city by forming yet another
link with Mumbai. The water and power supply is abundant and
uninterrupted and meeting existing demand with major projects under
implementation to meet future demands. A well planned system for
drainage, sewage and holding ponds for tidal water ensure freedom from
flooding during monsoon.
CIDCO
takes great care in preserving the natural environment and has
reserved 58% of land in Navi-Mumbai for parks, gardens, green belts
under power transmission lines, open areas, no-development zones and
afforestation, to maintain a green and clean environment throughout
this fast developing metropolis.
For
details contact: S S Thakar, General Manager (Special Projects) CIDCO
Bhavan, 6th Floor, CBD Belapur, Navi Mumbai – 400614 E-mail :
cidco@vsnl.com
Web : www.cidcoindia.com
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