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ARTICLE · 29 MAY 2019

Compliance Requirements To Set Up Special Economic Zone Units

King, Stubb & Kasiva
King, Stubb & Kasiva
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King, Stubb & Kasiva

King, Stubb & Kasiva

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Special Economic Zones ("SEZ") have been established in India with the objective of attracting Foreign Direct Investment ('FDI") and to create an opportunity for domestic entities in our country to compete in the global market.

IndiaGovernment, Public Sector
Aurelia Menezes
Aurelia Menezes
Rajashree Devchoudhury
Rajashree Devchoudhury
Mariam Monaza
Mariam Monaza
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Introduction:

Special Economic Zones ("SEZ") have been established in India with the objective of attracting Foreign Direct Investment ('FDI") and to create an opportunity for domestic entities in our country to compete in the global market. It has increased trade balance, employment, investments, and effective administration.

Under the Special Economic Zone Act, 2005 ("the Act") SEZ can be set up either jointly or severally by the Central Government, State Government, or any person (including a private or public limited company, partnership or proprietorship) for the following purposes:

  • Manufacture of goods; or
  • Services to be rendered; or
  • Both manufacturing of goods and for rendering of services; or

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