Raheja's Special Economic Zone is the first ever engineering sector specific SEZ to get notification in Northern India. It was notified vide "The Gazette of India" dated 10th March, 2008.
The project is spread over 255 acres approx. (103 hectares) at most premium location in Gurgaon adjoining Manesar. It is near to the Indira Gandhi International Airport, New Delhi and will be adjoining the Kundli-Manesar-Palwal Global Corridor and the proposed Western Railway Freight Corridor. The development is expected to start by third quarter of the year 2010.
The project will have 55% processing area and balance 45% non processing area.
Special Economic Zones (SEZ) - The Concept
SEZ is a specifically delineated duty-free enclave and is deemed to be a foreign territory for the purposes of trade operations, duties and tariffs.
SEZ are the growth engines that would promote rapid economic growth.
Apart from providing the state of art infrastructure, the SEZ also provides enterprises and develops attractive framework of incentives. The plethora of fiscal and benefits offered by SEZs make that has economic laws that are more liberal then a country’s typical economic laws. Consequent substantially reduces production cost and provides the much needed Global Edge and profitability.
No wonders, SEZs have emerged as the best option for expansion and growth.
Indian Engineering Sector
The Indian engineering industry forms the crucial backbone of the economy.
The industry can be broadly classified into heavy & light engineering, with heavy engineering contributing 80% of the value.
The Indian engineering industry is estimated at more than Rs. 120,000 crore (US $ 24.3 billion) in 2004-05 and has been growing at a CAGR of 11% since 2001.
Exports constitute a significant portion of engineering goods production in India. Total engineering exports in India crossed Rs. 81,000 crore in the year 2005-06.
Engineering exports account for 23% of the total exports from India. Engineering exports from Northern region in 2005-06 was around 26% of the total engineering exports by the country.
NCR region accounts for one third of engineering exports from North India
The Indian Engineering Industry is expected to grow on the back of strong business outlook and capital expenditure plans being adopted by the companies to cater to the demand of the industry.
Engineering Export Promotion Council (EEPC) has set an export target of US $ 100 billion for the engineering industry by 2016.
The Engineering Process Outsourcing (EPO) service from India has potential to exceed US $ 40 billion by 2020, raising the country’s share in the EPO market to 30%.
High quality broad mettle roads for smooth movement of traffic
Comprehensive sewerage system and treatment plant
24 hrs. power supply
Regular water supply with systems for water harvesting and recycling
Robust Telecommunication network
Round the clock security
To enable creation of a world-class environment, SEZ will include the following facilities
Business-Industrial Land on lease, ready built sheds, commercial offices and buildings.
Living-Residential and social areas.
Learning-Schools, Colleges, Institutions, and Centers of Excellence.
Healthcare-Specialized and primary healthcare facilities.
Utilities-Efficient and reliable power, water, waste management and technology facilities.
Logistics-A comprehensive logistics systems encompassing Road, Rail, Air, and Sea Linkages.
Adequate focus on security and disaster management systems.
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Price and Payment Plan