Book contents
- Frontmatter
- Contents
- Acronyms and Abbreviations
- List of Tables, Boxes, Figures and Annexures
- Preface
- Foreword
- CHAPTER 1 Why Economic Zones?
- CHAPTER 2 The New SEZs: Where, What and Why?
- CHAPTER 3 Are SEZs Financially Viable?
- CHAPTER 4 The Political Yatra
- CHAPTER 5 The Rules of the SEZ
- CHAPTER 6 The Land of SEZs
- CHAPTER 7 Not the Last Word
- APPENDIX 1 Government of West Bengal Office of the District Magistrate & Collector Hooghly
- APPENDIX 2 Government of India Ministry of Commerce and Industry Lok Sabha
- APPENDIX 3 Raheja Haryana SEZ Developers Pvt. Ltd. RAHEJA SEZ IN GURGAON
- APPENDIX 4 Land Acquisition Amendment Bill, 2007
- APPENDIX 5 (NMSEZ Presentation) Mumbai Special Economic Zone (MSEZ) Relief and Rehabilitation Package
- Bibliography
- Index
CHAPTER 5 - The Rules of the SEZ
Published online by Cambridge University Press: 05 March 2012
- Frontmatter
- Contents
- Acronyms and Abbreviations
- List of Tables, Boxes, Figures and Annexures
- Preface
- Foreword
- CHAPTER 1 Why Economic Zones?
- CHAPTER 2 The New SEZs: Where, What and Why?
- CHAPTER 3 Are SEZs Financially Viable?
- CHAPTER 4 The Political Yatra
- CHAPTER 5 The Rules of the SEZ
- CHAPTER 6 The Land of SEZs
- CHAPTER 7 Not the Last Word
- APPENDIX 1 Government of West Bengal Office of the District Magistrate & Collector Hooghly
- APPENDIX 2 Government of India Ministry of Commerce and Industry Lok Sabha
- APPENDIX 3 Raheja Haryana SEZ Developers Pvt. Ltd. RAHEJA SEZ IN GURGAON
- APPENDIX 4 Land Acquisition Amendment Bill, 2007
- APPENDIX 5 (NMSEZ Presentation) Mumbai Special Economic Zone (MSEZ) Relief and Rehabilitation Package
- Bibliography
- Index
Summary
How do developers go about the task of setting up SEZs? Before looking at the process, it will probably be wiser to understand what a ‘developer’ implies in SEZ parlance. According to Section 2 of the SEZ Act of 2005, a ‘developer’ is a person, or a State Government, holding an approval letter from the Central Government for establishing an SEZ. A particular SEZ might have more than one developer if one single entity is not found possessing the minimum stretch of contiguous land required for building the zone. All such entities then become ‘co-developers’.
A simple way of understanding the rules of the game to be followed by developers would be to look at the details that they need to submit to the authorities for building zones. Compared with the general perception, the paperwork involved is not excessively long or tedious. The form ‘A’ in which an applicant is required to apply for setting up zones is just a three-page document with a refreshingly simple attitude. This has been reproduced in Annexure 1. Apart from the mandatory but somewhat perfunctory information on the developer (name, address, nature of the company, etc.), an interesting query in the form is the distance of the proposed zone from the nearest sea, road, air or railhead. One can sense that the authorities are keen to understand the kind of links the zone can grow given the gateways around it.
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- Special Economic Zones in IndiaMyths and Realities, pp. 113 - 146Publisher: Anthem PressPrint publication year: 2008