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Old June 23rd, 2010, 09:22 AM   #1
Ajay C
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AP SEZ's - Developments & Updates

Hi all,
AP has been approved with 2nd highest number of SEZ`s after Maharashtra.
This thread exclusively focuses on the developments in the SEZ`s of Andhra Pradesh.
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Old June 23rd, 2010, 11:13 AM   #2
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A Review on SEZ Scenario of AP

Note: Source: Commerce min
Notified (“which have no problem of land acquisition”)
Formally Approved (which have received green signal from the respective state governments to acquire land).

Some of the Successfully operating SEZs in AP

HITEC City-Cyberabad

›› First Major PPP project with L&T & APIIC in1996
›› 89 % equity by L&T and 11 % by APIIC in shape of land
›› Project area - 158 acres
›› Total built up area - 18.08 lakh sft
›› Cyber Towers - 5.25 lakhs sft - fully occupied
›› Cyber Gateway - 7.83 lakhs sft - fully occupied
›› Cyber Pearl - 5.00 lakhs sft - fully occupied
›› Total Investment - Rs.450.00 crores
›› State of the art facilities, dedicated power supply
›› Successful and sustainable PPP model- putting
›› Hyderabad in Global I.T map
›› More than 100 MNCs operating and using facilities
›› Employment Generation of more than 65000 persons
Mind Space Project

›› A Special Project for IT & IT enabled services
›› Project area 110 acres at Madhapur
›› APIIC Ltd & K.Raheja Corpn. P Ltd have jointly promoted the project with 11 % and 89 %
equity, respectively
›› Modular Buildings with built up space of 4 million sft completed
›› Total investment is around Rs.2000 crores with employment generation of about
45000 persons
›› Secured approval for IT/ITES SEZ
Integrated Township & Convention Centre

›› 3 SPVs are formed for execution of the projects
›› APIIC Ltd and Emaar Holdings hold 26% and 74% equity in all 3 SPVs
›› Hyderabad International Convention Centre was built on an extent of 15 acres.
›› Besides equity, APIIC Ltd shall receive 2 and 3% Gross Annual Revenue as lease rentals
›› The Golf Course with Boutique Hotel is developed on an extent of 235 acres
›› The assets will revert to Govt. of A P after 66 years of lease without any encumbrances
›› Convention centre was inaugurated in Jan, 2006
›› Break-even in the 2nd year of operation as against normal period of 4 to 5 years
›› Business Hotel commenced operations in Mar, 2006
›› 18-hole Golf was started in April 2008
›› Integrated Township Project is under execution and model homes and villas are constructed
›› 703 flats in 8-blocks - construction works commenced and expected to allot by March 2010
Visakhapatnam Industrial Water Supply Company

›› Project designed to meet the industrial water needs of the RINL, NTPC, VMC
›› Project formulated under B O O T
›› Promoted by APIIC, L&T, IL & FS,VMC & PSL
›› Project cost Rs.453 crores
›› Project envisage drawals of 5 TMC of water from River Godavari & 5 TMC from Yeleru
›› Project commissioned in Dec., 2004
›› The SPV is restructured with GVMC and APIIC as the promoters with the exit of all private players

Source: APIIC

Last edited by Ajay C; June 23rd, 2010 at 12:07 PM.
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Old June 23rd, 2010, 12:06 PM   #3
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Godrej group seeks land
APIIC executive director, Sreedhar Cherukuri, said that the Godrej group had come forward to set up a facility in the state for manufacturing and assembly of all its consumer goods. “They approached us for allotment of 35 acre of land in Hyderabad, Nellore or Visakhapatnam. We are looking for allotment of suitable land for them,” he said, adding that Godrej was expected to invest about Rs 500 crore in the proposed unit.

According to Cherukuri, APIIC’s fine and speciality chemicals park, being set up over an extent of 1,000 acre at Atchyutapuram near Visakhapatnam, is also getting good response.
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Old June 23rd, 2010, 06:37 PM   #4
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40 Exporters to set up units at Spices Park in Guntur

The Spices Board has finally approved the proposals of 40 Exporters out of 100 who have expressed interest in setting up units at Spices Park which is supposed to be coming at Edlapadu Mandal of Guntur District.
[IMG]http://t2.************/images?q=tbn:2r1a73s0jmt0DM:http://www.thehindu.com/2010/04/22/images/2010042262520501.jpg[/IMG]An employee of Spices Board showing the quality evaluation laboratory in Guntur on Wednesday
[/B]The Spices Board is setting up a park in Guntur in Andhra Pradesh to upgrade the quality of spices and ensure better prices for growers in the state. The Board will invest Rs 25 crore to build the infrastructure.
The proposed spices park will be set up in an area of 124.78 acres. Infrastructure Leasing & Financial Services, Cluster Development Initiative, New Delhi has been entrusted with the Techno Commercial Feasibility Study for the proposed park

The park will have raw-material warehousing, cleaning, drying, grading, sorting and packing facilities; pulverizing, blending, packaging in bulk as well as institutional and consumer packaging; extraction, sterilisation, finished products storage, analytical facilities, pre-shipment inspection and certification; customs clearing facilities, container loading facilities and banking and other related services.
In addition, the Board will also provide a world-class analytical laboratory to undertake analytical services and also to impart training on both pre-and post-harvest operations in spices to all sections of the trade. Research and Development facilities will also be set up

Last edited by Ajay C; June 24th, 2010 at 07:27 AM.
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Old June 24th, 2010, 07:21 AM   #5
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Rosaiah asks IFFCO to speed up Kisan SEZ work


Chief Minister Mr K Rosaiah on Friday called upon IFFCO to speed up work on its Kisan Special Economic Zone coming up in Nellore district. The Chief Minister, however, approved concessions for the SEZ upon a request from the IFFCO. Reviewing the progress of the first ever Kisan SEZ, the Chief Minister approved for conversion of agriculture land into non-agriculture land, besides waiving fees for such conversion, Panchayat Raj cess and taxes.


The Government would also approach Centre for allocation of 1.5 MMSCD gas for a captive power plant in the farmer-owned, farmer-developed SEZ, Mr Rosaiah said.
The infrastructure in the state-of- the- art SEZ will be developed with an investment of Rs 600 crore. It is expected to attract investments to the tune of Rs 6,500 crore and generate annual output of Rs 4,500 crore. Of which, products worth Rs 2500 crore will be exported.
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Old June 24th, 2010, 11:18 AM   #6
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Vizag sez eyes Rs 500 cr exports this year


Andhra Pradesh Industrial Infrastructure Corporation Limited (APIIC) is targeting exports worth Rs 500 crore from the Atchutapuram Special Economic Zone during the current financial year.
APIIC has earmarked around 5,770 acres of land at Atchutapuram in Visakakhapatam district to develop this multi-product SEZ. So far, the corporation has spent over Rs 250 crore to create infrastructure.
“By the end of December, APIIC would spend another Rs 150-200 crore to develop infrastructure facilities like roads, drains and electricity,” Eswar Rao, executive director, APIIC, told Business Standard.
Major industrial houses like WS Industries, Pokarna Limited, Uniparts, Confidence Petroleum and Brandix India have set up their units here with an investment of about Rs 670 crore. “We are expecting more than Rs 500 exports from these units during this financial year. Exports from this SEZ is likely to touch Rs 10,000 crore over the next five years,” he said.
The other units that have begun construction work here include Anjaney Alloys Limited, Southern Online Bio and Nagarjuna Agrichem.
http://www.business-standard.com/ind...xports/386480/
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Old June 25th, 2010, 07:03 AM   #7
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Gitanjali Group eyes Rs300 crore exports from Hyderabad SEZ
Gems and jewellery giant, the Gitanjali Group, is targetting exports worth Rs300 crore from its Special Economic Zone (SEZ) in Hyderabad in the current calender year, its chairman, Mehul Choksi, said.
Hyderabad Gems SEZ Ltd, the group's first SEZ division, recently set up a factory spread over 1lakh sq ft at Rajiv Gems Park in Hyderabad. The campus houses about 75-100 diamond, colour stones, pearl, semi-precious stones, jewellery and jewellery-watch manufacturing units.


"The Hyderabad SEZ is fully ready and notified. Hyderabad (SEZ) will clock more than Rs200-300 crore exports this calender year," Gitanjali Group's chairman and managing director, Mehul Choksi, told PTI here

Hyderabad Gems SEZ Ltd also has a training centre for manufacturing jewellery and cutting and polishing of diamonds.
"The diamond-cutting and polishing units at the SEZ have commenced operations. Nearly 3,000 people are employed at the SEZ," Choksi said.
Besides, it will have facilities for gold investment casting, metal refining, gemology and assaying labs as well as CAD (computer animated design) and rapid prototyping for product development.
The Rs6,000-crore Gitanjali Group plans to develop seven SEZs to be operationalised in seven to eight years, and has already bought land in Panvel, outside Mumbai.
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Old June 28th, 2010, 08:41 AM   #8
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Space sanctioned to IT companies coming up at L&T Hitech City in Vijayawada.
http://andhrabusiness.com/NewsDesc.a...in-IT-SEZ.html

The growth of IT was not only restricted to Hyderabad, now it was spreading to tier-II cities like Warangal, Visakhapatnam, Kakinada, Vijayawada, and Tirupati. Vijayawada was being preferred as an alternative Tier-II IT location in view of its strategic location. Vijayawada – not only offers cost advantage in terms of physical infrastructure, hiring of human resources and social costs, but also provides a safe place and secure working environment.
Visualizing the potential of Vijayawada as a promising IT location, the IT companies were setting up and expanding their operations in Vijayawada.
An IT SEZ in an area of 30 acres with 2 lakh sq. ft was developed in Vijayawada by APIIC in association with L&T Info City and was ready for occupation.
The Development Commissioner, IT SEZ, sanctioned spaces in the Vijayawada SEZ to
Tektraks (2,350 sq. ft); Exranet Software Solutions (5,011); Indemax (4,895 sq. ft) and Galla IT Services (1,050 sq. ft)

Project pics of L&T Hitech City












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Old June 28th, 2010, 08:51 AM   #9
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Facebook,JP Morgan & United Health Group to come up at IT SEZ`s in Hyderabad.
http://andhrabusiness.com/NewsDesc.a...in-IT-SEZ.html

Facebook will set up its office in the Raheja Mindspace special economic zone, though it will launch its incubator facility first in about a couple of months. A State Government communique said that the Union Government accorded approval to the social networking site's proposal for space in an SEZ.
The company was hiring people, especially in the marketing wing. The operations from the incubator would be regularised eventually.
Facebook’s new operations center in the city will complement the work done at its headquarters at Palo Alto, California, Dublin, Ireland and a recently announced location in Austin, Texas. The Hyderabad office will be the first office of Facebook in Asia.
[IMG]http://t1.************/images?q=tbn:d67dH1OGh4R_sM:http://lifeinthenhs.files.wordpress.com/2009/02/facebook.jpg[/IMG]
The Union Government accorded sanction for five IT companies to set up their offices in an area of 3.91 lakh sq. ft in different IT SEZs in the Sate. The other prominent MNCs include Accenture, and Invesco(expansion).
Sources said Facebook was allotted about 50,000 sq. ft space and was going to recruit close to 500 people to run their operations. Facebook has about eight million subscribers in India and is said to be investing US $ 150 million initially. The social networking site has more than 400 million active users worldwide.
The provisional performance of IT sector in the State during 2010 has been quite encouraging, aacording to Principal Secretary K. Ratna Prabha, who heads the ICT department in the State Government.
During the year, new IT MNC like JP Morgan, United Health Group had come forward to set up their operations. Existing companies like Cognizant Technology Services, TCS, Infosys, Invesco, were significantly expanding their operations.
The IT companies began their annual recruitment and hiring plans. Further, she said that the recession did not have any impact on the creation and filling of office space in IT SEZs by the infrastructure developers. In fact during the recent past, infrastructure providers like Raheja and Divyasree, closed space booking deals of more than 32 lakh sq. ft of office space with renowned IT companies.
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Old June 28th, 2010, 12:46 PM   #10
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http://www.thehindubusinessline.com/...2851631300.htm
New IT policy of AP to focus on small, medium units

Hyderabad, June 27

The five-year IT Policy (2010-15) of Andhra Pradesh has announced a special thrust on start-ups, small and medium enterprises (SMEs), product and research and development companies. It has also decided to give more incentives to the companies planning to set up shop in the tier-II cities of Visakhapatnam, Vijayawada, Tirupati, Kakinada and Warangal.

The policy continues some of the concessions offered by the earlier IT Policy, which expired in March 31 but was extended by three months to cover the interregnum period. The new policy is likely to be announced in the next few days.

The policy brings IT under the Essential Services Maintenance Act (ESMA), offers exemption from certain provisions of labour rules and the AP Pollution Control Act, besides allowing self-certification.

The start-ups would get a subsidy of 25 per cent on lease rentals and power bills for a period of three years. They will also get total reimbursement of stamp duty, recruitment assistance of Rs 2.5 lakh. For SMEs, the IT Department offers to seal alliances with reputed business analyst firms and facilitate linkages with bigger firms to get access to sub-contracts.

The new policy has set a target of Rs 70,000 crore of IT exports from the State by 2015, registering an annual growth rate of 17 per cent. This year, the State pegged the IT exports at 36,000 crore. Besides, it targets to create 1.5 lakh additional jobs. By the end of 2015, the IT and ITES industry exports would constitute 50 per cent to the overall exports from the State.

The 2010-15 policy proposed to develop a gaming, animation and digital entertainment facility with ready-to-use space for incubation, shared studios, processing labs, media centre and conference facilities.

It also proposed to establish an animation and gaming academy in association with top brands in the industry.

All the units set up at the facility will attract the general concessions such as power and stamp duty reimbursements.
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Old June 28th, 2010, 01:03 PM   #11
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http://www.myiris.com/newsCentre/sto...secID=livenews
Infotech Enterprises Commences Operations From New SEZ Facility
6/28/2010 5:47 AM ET

(RTTNews) - Infotech Enterprises, a global engineering services and technology solutions provider headquartered in Hyderabad announced that they have commenced operations from their new SEZ facility in Visakhapatnam at Rushikonda IT Park. This is the company's first SEZ development centre.

The company currently operates five development centers in India, two at Hyderabad, one each at Bangalore, Noida and Kakinada and this will be the sixth development centre of the company.

The new development centre at Visakhapatnam would be working on delivering engineering services and solutions to Infotech's customers in the offshore and marine segments which includes engineering of semi-submersible rigs, jack-up rigs, drill ships, bulk carriers, construction support vessels, pipe lay barges, offshore supply vessels, dredgers etc.
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Old June 28th, 2010, 04:01 PM   #12
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Pics of Rushikonda IT SEZ @ Vizag







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Old June 30th, 2010, 08:00 AM   #13
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The Hindu
State eyes 17% growth in IT sector

Sets target of 10 crore sq ft of space for IT, ITES, IT exports of Rs 70,000 cr by 2015-end.
Hyderabad, June 29

After witnessing deals for 32 lakh sq ft of office space, the Andhra Pradesh Government has set a target of 10 crore sq ft of space for IT and ITES, including in the Special Economic Zones earmarked for the industry, and creation of 10 lakh jobs in the next five years. Addressing a gathering after inaugurating the facility of IT solutions company Model N here on Tuesday, Mr K. Rosaiah, the Chief Minister, said the State targets IT exports to the tune of Rs 70,000 crore by the end of 2015, when the upcoming IT Policy comes to a close.

“We are going to hold a Cabinet meet on July 1 to clear the IT Policy for 2010-15. We are expecting an annual growth rate of 17 per cent from the present Rs 32,500 crore,” Mr Rosaiah said.

Stating that the State could wrest maximum number (57) of IT SEZs in a national total of 351, he said 55 companies had already started operations from about 15 SEZs. “The IT units in SEZs reported exports of Rs 2,351 crore for the nine-month period ended December 31, 2009, as against Rs 1,317 crore in the previous financial year,” he said.

While the Government had the mandate for 18 of the 57 SEZs, private players would get 28 SEZs. Eleven campuses of several IT companies were given the SEZ-tag.

ITIR plan

Meanwhile, the Government awaited the Union Government's response to its proposal to develop IT Investment Region (ITIR), encompassing three hubs in Hyderabad. “We have made a presentation to the Union Government. We expect their nod soon,” he said.

The State had prepared a plan to develop about 200 sq km of area covering Gachibowli, Madhapur and Uppal to build space for office, commercial and residential purposes. Andhra Pradesh was one of the first States to respond to the ITIR concept proposed by the Union Government a few years ago.

The State forecast investments of Rs 2.20 lakh crore over a period of 25 years, providing 15 lakh jobs and earning revenues of Rs 3 lakh crore.
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Old July 1st, 2010, 05:50 PM   #14
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Lepakshi Aero SEZ l Anantapur

BDL to establish 2 missile Manufacturing Complexes

Quote:
Public-sector defence production unit Bharat Dynamics Limited (BDL) will set up two complexes for manufacturing missile systems in Andhra Pradesh at a cost of Rs 1,400 crore.

The proposed facilities are likely to come up at Ibrahimpatnam (500 acres) on the outskirts of Hyderabad and at the Lepakshi Knowledge Hub (600 acres) in Anantapur district, BDL Chairman and Managing Director Ravi Khetarpal said.

BDL CMD and Director (Technical) S N Mantha met Chief Minister K Rosaiah to brief him about their expansion plans and request the state government to allocate land for the proposed units.

"We are happy to note that BDL has decided to set up two new missile manufacturing facilities in Andhra Pradesh.

The required land will be made available to them," the Chief Minister announced while releasing the new Industrial Investment Promotion Policy here today.

The two new units are expected provide about 3,500 jobs directly and another 3,000 jobs indirectly, the BDL officials told the Chief Minister.

The proposed facility in Anantapur district will also have an integrated township for the employees.
Looks like Aerospace and Defence are going to be the future

Though Technically a part of AP, its proximity to Bangalore is its USP






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Old July 7th, 2010, 12:44 PM   #15
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Bhartiya setting up leather products unit at Nellore SEZ

Facility to focus on European brands, retailers.

Bhartiya International has its own design studio in Italy which gives it the capability to offer complete solutions to its customers. It is not just a producer of products for other brands, but a full-fledged manufacturer with brands of its own.
Chennai, July 6

The Delhi-based Bhartiya International Ltd has started work on a Rs 40-crore leather products factory at the SEZ it is establishing in Nellore.

Mr Snehdeep Aggarwal, Chairman, Bhartiya International, said that the leather products factory would be focussed on the European markets.

It would manufacture a wide range of leather products including bags, belts and accessories under its own brand and for European brands and retailers.

Bhartiya's own brand for leather products, Ultimate, is an established brand in Italy, he said. Work on the 100,000 sq.ft factory has started and will be ready in the next nine months, he said.

The factory is located in the 250-acre Bhartiya International SEZ being set up at Tada, in Nellore district of Andhra Pradesh, about 100 km north of Chennai.

The company had entered into an agreement with the Andhra Pradesh Industrial Infrastructure Investment Corporation which allocated land for the project in 2008.

Mr Aggarwal said that Bhartiya International will invest Rs 90 crore in the SEZ.

Four Indian companies and two international players have evinced interest in setting up production facilities in the SEZ. Some of the occupants are likely to take a stake in the SEZ project also, but the details are yet to be finalised, he said.

Its own leather products unit coming up in the SEZ would contribute about Rs 100 crore annually to its business, he said.

Bhartiya International has its own design studio in Italy which gives it the capability to offer complete solutions to its customers. It is not just a producer of products for other brands, but a full-fledged manufacturer.

The company has also set up a training centre to provide skilled work force to the factories coming up in the vicinity, he said.

Bhartiya International, a listed company, is a manufacturer of leather apparels and accessories with a turnover of Rs 180 crore in 2009-10.
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Old August 1st, 2010, 06:04 AM   #16
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Rosaiah lays stone for Apache shoe factory at Guntur
Chief Minister K. Rosaiah unveils plaque marking the foundation for Apache shoemaking unit at Obulanaidupalem in Guntur district

Chief Minister K. Rosaiah laid the foundation stone for Apache Footwear Company at Obulanaidupalem village in Pottur mandal on Saturday. This is the second unit of company to be set up in the state. The global shoe brand has already set up shoemaking unit at Tada in Nellore district.
The shoemaking unit was allotted 50 acres by APIIC and is scheduled to be completed by March 2011.
Company representatives said that the plant could scale up production to 3 lakh pairs of shoes.
Speaking on the occasion, Mr. Rosaiah observed that overall development of the State is necessary to sustain the growth.
Industries needed to be promoted, rail, road and sea connectivity should be improved and electrical generation should be augmented to meet the needs of industries. He thanked Apache for setting up a plant at a cost of Rs.150 crores and said that the plant would boost employment opportunities in rural areas.
Major Industries Minister Kanna Lakshminarayana said that the district would witness rapid industrial growth as a slew of industries, including solar city at Gurazala, Apparel parks at Bapatla and Budampadu and Tyres Factory at Mangalagiri are coming up.
Union Minister of State for Textiles P. Lakshmi, Ministers P. S. Bose, M. Venkata Ramana Rao, D. Manikya Vara Prasad, APIIC Chairman Siva Subramaniyam, MLAs and officials were present.
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Old August 1st, 2010, 06:11 AM   #17
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SEZs to retain tax sops, with riders
http://www.business-standard.com/ind...riders/403077/
Units located in special economic zones (SEZ) are likely to retain the income tax concessions even after introduction of the Direct Taxes Code. A compromise is being worked out by the commerce and revenue departments, though a continuation of the tax dispensation will come with certain riders for units in the duty-free enclaves as well as SEZ developers. The riders would be in the form of amendments to the SEZ Policy, which the ministry of commerce and industry is currently working on. The government is contemplating the introduction of certain eligibility criteria for the units to obtain the tax concessions.
“A compromise solution is being worked out. Changes in the SEZ Policy would be made soon but that does not mean there will be some kind of major shock therapy. We are trying to smoothen the process of transition, without creating problems of dislocation,” a senior commerce department official told Business Standard.
For instance, cases which have got more than a year extension, over and above the mandated three years to begin their work, are likely to be disqualified for the tax concessions. Also, those units that have failed to earn the required net foreign exchange (NFE) within the stipulated time would not be eligible for the tax holiday.

The provision to discontinue the tax benefits has resulted in severe backlash from the developers, as well as companies who have already put in large amount of investments into the projects, which have a large gestation period. An SEZ project, once approved, is given three years to start operations. It can also get extension for not more than one year to finish the work, after permission from the Board of Approval (BoA).
The revised discussion paper on the Direct Taxes Code has suggested continuation of the 15-year tax holiday on those units who would be operational by the end of March 2011. In other words, the units have to launch operations and begin exporting before March 2011 to avail of income-tax concessions available for SEZ units, even if they have got all the necessary approvals.
However, earlier this month Finance Minister Pranab Mukherjee said that the government would be giving additional time to the companies to begin their operations over and above the March 31, 2011 deadline.
The proposal to discontinue income tax benefits to the SEZ units has also not been favoured in the political sphere. During a recent meeting of the National Development Council, Andhra Pradesh Chief Minister K Rosaiah, Tamil Nadu Chief Minister M Karunanidhi, and Karnataka Chief Minister B S Yeddyurappa asked Prime Minister Manmohan Singh to ensure the incentives given in the SEZ Act were not taken away under the DTC regime.
Investments to the tune of Rs 1,66,526 crore have been made in SEZs so far. In 2009-10, export of goods and services from SEZs was estimated at Rs 2,20,711 crore, which was 121 per cent higher than the previous year’s level. At present, there are 114 operational SEZs across the country with more than 1,800 units that employ 550,323 people.
So far, the BoA, the single-window clearing agency for SEZs, has accorded formal approval to 576 SEZs, of which 358 have been notified, according to data compiled by the Ministry of Commerce and Industry.
SEZ units are given 100 per cent tax exemption for the first five years, 50 per cent for the next five years and 50 per cent of the ploughed back export profit in the following five years under section 10 AA of the Income Tax Act. Under section 115JB of the IT Act they are also exempted minimum alternate tax. Besides these, the SEZ units are also exempted from central sales tax, service tax, state taxes and levies.
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Old August 9th, 2010, 06:43 AM   #18
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Master plan for PCPIR soon
The Andhra Pradesh government is preparing a detailed master plan for the proposed Petroleum, Chemicals and Petrochemicals Investment Region (PCPIR). “The plan would be ready very soon,” said B R Meena, vice chairman and managing director, AP Industrial Infrastructure Corporation while addressing a seminar on PCPIR here on Thursday.
As on date, 73 SEZs have been notified in the state of which 22 are functional. In 2009-10, exports from these SEZs touched Rs 5,550 crore, said an official, adding this year exports would touch Rs 10,000 crore.

http://www.business-standard.com/ind...r-soon/403684/
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Old August 9th, 2010, 06:45 AM   #19
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Ministry okays Rs 1,54,512-crore investment proposal in 3 PCPIRs
In a major boost for investment in the petrochemical sector, the Ministry of Chemicals and Fertilisers has approved a proposal of investments worth Rs 1,54,512 crore in three regions under its flagship petroleum chemicals and petrochemicals investment regions (PCPIR) policy.
Under the policy launched in 2007, this is the first status report on committed investments approved by an inter-ministerial high-powered committee last week. The investment includes Rs 44,812 crore for physical infrastructure development, and the rest is project-specific investments committed by various public and private companies in three PCPIRs — Visakhapatnam and East Godavari districts in Andhra Pradesh, Bharuch in Gujarat and East Midnapore in West Bengal. Investments in physical investments include a viability gap funding (VGF) by the finance ministry to the extent of 20 per cent in each PCPIR except for West Bengal. The VGF scheme provides financial support in the form of grants, one time or deferred, to infrastructure projects undertaken through public-private partnerships with a view to make them commercially viable.
Sources added the high-powered cabinet committee will take up the approval of the Paradip port PCPIR in the second week of August. The PCPIR scheme is aimed at promoting investment in the chemical and petrochemical sector so as to make India an important hub for domestic and international markets.
The ministry has also taken the initiative of organising major trade fairs in Europe and Latin American countries like Brazil, Argentina and Mexico to attract foreign investment sector.
“The priority for this sector is to increase capacity so that the growing demand is met with domestic output,” said an official.
The Visakhapatnam and East Godavari PCPIR has received investment commitment of around Rs 73,000 crore through its main or “anchor” investors — a consortium of Hindustan Petroleum Corporation Ltd and GMR. The state government has committed Rs 2,132 crore for developing physical infrastructure followed by Rs 10,565 crore from private parties and another Rs 6,334 crore through public-private partnership. Besides the anchor investors, various companies with committed investments are ONGC (oil and gas exploration in KG basin), Rain Commodities, Continental Carbon India Ltd, Indian Strategic Petroleum Reserve Ltd, Velankani Chemicals, Air Liquide India, Southern Online Biotechnologies, Reliance Industries Ltd, Bharat Petroleum Corporation Ltd, Hetero Drugs, Baker Hughes, Gangavaram Port Ltd, Visakhapatnam Port Trust, National Thermal Power Corporation, Hinduja Power Project and Kakinada SEZ.
Similarly, the Bharuch PCPIR in Gujarat with its main anchor investor, ONGC Petro Additionals Ltd (OPAL) — a joint venture of ONGC and Gujarat State Petroleum Corporation — has committed project investment of Rs 16,400 crore. The investments are for the Rs 13,000-crore multi-feed petrochemical cracker and Rs 3,400-crore carbon extraction unit. Investment in infrastructure is a combination of state government budgetary support of Rs 253 crore and public-private partnership of Rs 51,496 crore, which includes commitments of state government and private developers. Various companies which have committed investments are ONGC extraction plant, ABG Shipyard, Ruchi Petrochemicals, Gujarat Alkalies and Chemicals Ltd, DIC Fine Chemicals, Sajjan Speciality, Pidilite Industries, Rallis India, Lanxess India, Ginni Filament, Arcoy Biorefinery, Romano Tiles, India Peroxide and Neesa Infrastructure. The report has also stated that the total employment generation from the Gujarat PCPIR is expected to be 800,000.
Indian Oil Corporation (IOC) is the anchor investor in the West Bengal PCPIR with a committed investment of Rs 3,000 crore for expansion of its refinery and a new hydro cracker unit, Rs 1,800 crore for a coker unit and Rs 4,000 crore for a new paraxylene unit. The Spic group-controlled CALS refinery has proposed to set up a Rs 5,000-crore crude refinery complex for blending crude which is expected to be commissioned by the end of 2010. There are also grassroot refineries proposed by IOC and CALS, which will take the total investment to Rs 93,180 crore. For physical infrastructure, the Union government has also earmarked Rs 2,108 crore in its current five-year plan. The remaining Rs 15,923 crore has been committed through the state government jointly with public-private partnerships
http://www.business-standard.com/ind...pcpirs/403731/
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Old August 18th, 2010, 07:16 PM   #20
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Jute park coming up near Vizag
Andhra Pradesh Jute Development Centre Ltd (APJDC) has said, it has floated a special purpose vehicle for the establishment of a ‘jute park' on a 200-acre site in the Vishakhapatnam district.
In a letter to the Minister for Textiles, Mr Dayanidhi Maran, APJDC Vice-Chairman and Managing Director, Mr B.V. Rama Rao, said that the park has a potential to attract investments of Rs 500 crore and provide direct employment to 20,000 people. “It is expected that annual turnover will be in the range of Rs 200 crore in initial stages, which will gradually increase to Rs 800 crore during the fourth and fifth year of operation,” the letter said. Though the SP government has agreed for allotment of 50 acres of land, APJDC has asked for 150 acres more.
It has also requested the Central Government for assistance of Rs 40 crore under Special Integrated Textile Park (SITP).
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