What is SEZ? Special Economic Zone

You have heard a lot about SEZ, Right? Let us know everything about what is SEZ? full form of s e z and SEZ full form and meaning.

Full form of s e z: Special Economic Zone

What is SEZ?

SEZ (Special Economic Zone) where the government has imposed different laws for trade and business. Because of this kind of zone, businessmen & traders can do the business without any hassle also they treated as special. As well as this kind of zone produced good turnover, the balance of trade, employment, increase export and many more and that is ultimately beneficial to GDP.

What is Customs Bonded Warehouse? 

Customs Bonded Warehouse or capacity alludes to the holding and protection of products until they are dispatched to the shoppers. By and large, there is a period hole between the creation and utilization of items. By spanning this hole, stockpiling makes time utility.

Let us have some more SEZ statics

55 SEZs are present in Gujarat covering an area of ​​27.125 hectares.

Gujarat which has 3 operational sectors covering 506 hectares:

• Kandla SEZ

• SUR SEZ

• Surat Apparel Park

• 7 proposed and operational SEZs covering an area of ​​9.810 hectares

• 15 Notified SEZs are present to cover 6,114 hectares

• SEZ approved in Gujarat covering 22 formal 7.702 hectare area

• Approved to cover an area of ​​8 theoretical 2,993 hectares

• This SEZ is involved in several fields such as biotechnology, power, handicraft/craftsman, gems & jewelry, and port based multiproduct.

Sectorwise SEZ in Gujarat

IT / ITES (15)

• Electronic SEZ (GIDC), Million Minds SEZ (Ganesh), Shivganga Real Estate Holders, City Gold Realtors Pvt. Ltd., Adani Township & Real Estate Company Pvt. Ltd., 3G Eye Voice SEZ (Kalika), Nipiam Infotech Pvt. Ltd., DLF SEZ, Tata SEZ, IT / ITES SEZ (GIDC), Aqualine Properties SEZ (Raheja), SGV Infrastructure, L&T Ltd., Strength Real Estate (Raheja), Gaurinandan Property Holder

Multi-product (10)

• Kandla SEZ, SUR SEZ, Dahej SEZ, Reliance SEZ Dholera SEZ (Adani), Essar SEZ, Sterling SEZ, Mundra Port & SEZ Ltd (SEZ-1), Indian Infrastructure Corporation Limited Mundra Port & SEZ Ltd (SEZ-2)

Engineering (9)

• Gallopse SEZ (NG Realty), Essar Hazira SEZ, Suzlon SEZ, Dishman SEZ, Ruchi Flat Steel SEZ, PSL Ltd., Welspun Anjar (SEZ-1), E-Complex Private Limited, Welspun Anjar (SEZ-2)

Other (8)

• Biotech Savvy SEZ (GDIC), Adani Power SEZ, James & Jewelry SEZ, Ceramic SEZ, LMJ Warehousing Pvt. Ltd. (FTZW), Development Bank of Gujarat Finance City (Gift) Company Limited, GGDCL Crafts & Craftsman (GIDC), Non-Traditional Energy

Textiles & Apparels (4)

• Surat Apparel Park SEZ, Ahmedabad Apparel Park SEZ, Pradeep Overseas Ltd., Jindal Worldwide Limited

Chemical (4)

• Asia Pacific Corporation Ltd. Jayant SEZ, Jubilant Chemical SEZ Gujarat Hydrocarbon & Energy SEZ Ltd.,

Pharmaceuticals (4)

• Pharma (Zydus), Phaez (CPI) Direct Pharma SEZ, J.B. SEZ

Port-based (1)

• Kandla Port Trust SEZ

Gujarat has a variety of SEZs

Multi-product SEZs like Gujarat Kandla, Surat, Reliance, Dahej, Sterling and Adani SEZ; Gift City has a diverse array of multi-services SEZs and highly specialized sector-oriented SEZs for pharmaceuticals, chemicals, engineering goods, and services, etc., with the status of the International Financial Services Center (IFSC).

State SEZs will be developed as smart and green SEZs

A plan has been taken to develop SEZs in Gujarat as smart and green SEZs. Kandla SEZ will test the potential of installing a Suez treatment plan with ultra-filtration, with the installation of a solar power grid in the zone to create a complete zone in the green zone, municipal solid waste and facilitate complete treatment of Suez within the zone. Maintenance zones will be created in the zone by inviting competent companies to bring competitiveness to house management/user charges.