West Bengal, India - a proper destination for SEZ
August 2nd, 2008Special Economic Zone is one or more areas of a country where the tariffs and quotas are eliminated and bureaucratic requirements are lowered so that more companies are attracted to the area. The companies establishing in the area also gets extra incentives for doing business. In India the policy for setting up SEZ was introduced on April 1, 2000 with a view to provide an internationally competitive and hassle free environment for exports. The policy offered setting up of SEZ in the public, private, joint sector or by State Governments.
INDUSTRIAL INFRASTRUTURE
The Government of West Bengal has initiated time bound steps to modernize infrastructure facilities and also to create new clusters and growth centers. Since infrastructure creation involves considerable investments, the state welcomes private participation in this area and has already made considerable progress in laying the groundwork for state-of-the-art industrial facilities to attract entrepreneurs.
GROWTH CENTRES
The government has encouraged the development of Growth Centres through the West Bengal Industrial Infrastructure Development Corporation (WBIIDC). The infrastructure faculties provided in these Growth Centres include developed land, industrial shed, water supply, power supply, street lighting, internal drainage & sewerage system. Other facilities such as telephone, banks, post offices, fire stations, police outposts, shopping centers, centre for recreational facilities are also being contemplated for the new Growth Centres. Till date WBIIDC has established 12 Growth centers in different locations of the state such as Kalyani (Phase I, II, III), Falta, Uluberia, Bishnupur, Raninagar, Coochbehar, Malda, Dadgram, Haldia, and Kharagpur, WBIIDC is also in the process of setting up 3 more Growth Centres at Jalpaiguri, Bolpur and Malda (Phase II).
INDUSTRIAL PARKS
The West Bengal Industrial Development Corporation has promoted / facilitated the development of sector specific industrial parks in the State keeping in mind the GoWB roadmap for rapid industrial growth. An overview of some of the Industrial Parks initiated and / or developed in the State.
INTELLIGENT PARKS
There are a number of Intelligent Parks being set up in the state which is now the centre of action for IT and ITeS companies. With more & more software companies moving into Kolkata for software development & BPO operations to drive down costs, several private entrepreneurs & realtors have entered the fray. They are setting up the state-of-the-art intelligent buildings & IT Parks to provide ‘intelligent space’ to IT & ITeS companies. As the Salt Lake Electronics Complex is almost saturated, there is need for new ‘plug-n-play’ IT facilities. So several private realtors are setting up IT facilities in & around Salt Lake or at New Town, Rajarhat.
The State is also planning to set up several Mega IT projects taking the SEZ route which include centres such as Siliguri, Haldia, Durgapur and Kharagpur. The GoWB expects that with the large number of IT hubs currently under development about 13.3 million sq. feet of built up space will be available over the next one year.
Snapshot of some of the IT projects in the City
|
Name of the Project |
Location |
Area(sq. ft) |
|
Technopolis |
Sector V, Salt Lake |
675,000 |
|
Globsys Crystals |
Sector V, Salt Lake |
600,000 |
|
Infinity Benchmark |
Sector V, Salt Lake |
550,000 |
|
Infinity Waterside |
Sector V, Salt Lake |
530,000 |
|
Millenium City |
Sector V, Salt Lake |
420,000 |
|
The Hub |
Sector V, Salt Lake |
300,000 |
|
Infinity (Tower - II) |
Sector V, Salt Lake |
180,000 |
|
Videocon Salarpuria |
Sector V, Salt Lake |
2,000,000 |
|
Bengal Intelligent Park |
Sector V, Salt Lake |
750,000 |
|
Ascendas |
Rajarhat |
2,000,000 |
|
Keepeland |
Rajarhat |
2,000,000 |
|
DLF |
Rajarhat |
1,300,000 |
|
Unitech Group |
Rajarhat |
2,000,000 |
|
Sunrise City |
EM Bypass |
1,742,400 |
|
|
|
|
The GoWB has also initiated creation of industrial infrastructure in the form of Special Economic Zones which are specially delineated enclaves entitled to several fiscal concessions and incentives. At the moment, there are three SEZs operating in the State while several others have either been approved in principle or are in various stages of implementation. SEZs are discussed separately in Chapter 6.
A new ship building facility & SEZ is proposed to be built of 1,500 acres of land near Haldia in West Bengal. Mr. P.K. Ruia the promoter is seeking an allocation of 1,500 acres of land from the govThe West Bengal Government is in favour of implementing urban development and infrastructure projects on a public-private partnership (PPP) mode.
The Kolkata Metropolitan Development Authority (KMDA) has joined hands with the Merlin Group to build a stadium at Rajdanga, off the Eastern Metropolitan Bypass here, at an estimated investment of Rs 100 crore, Mr Asok Bhattacharya, West Bengal’s Minister for Municipal Affairs & Urban Development, told members of the Merchants’ Chamber of Commerce here today. Speaking on “Urban Development in Kolkata - New Dynamics”, Mr Bhattacharya said the State Government had formulated uniform guidelines to ensure transparency in PPP projects. It was important to accelerate the process of urbanisation in a “spatially balanced manner” in view of the fact that the population in the Kolkata Metropolitan Area was expected to go up from 14.7 million now to 21 million by 2025.
The West Bengal government will construct a $ 265 million container port at Kulpi on BOOT basis. The Bengal Port Ltd (BPL), the promoter of the project will soon sign an agreement with the state government to this effect. Construction of the project will begin within 12 months and the process of securing the requisite approvals is currently on. The new port will handle 1 million tonnes of cargo per annum, initially, which will be expanded to 4.5 MTPA in due course. The new port will also have facilities like ship-breaking and repairing. Port facilities will be spread over 1,500 hectares of land. About 1,500 hectares of additional land will be earmarked for expansion. The port is expected to have a draught of about 12 metres. A special economic zone (SEZ) spread over 4,400 acres is likely to be set up around the port. BPL is also one of the promoters of the SEZ project.
According to West Bengal Industrial Development Corporation (WBIDC) sources, some of the major proposals considered recently were a multi-product SEZ at Rajarhat proposed by realtor Pradeep Chopra of PS Group, the foundry park project spread over 250 acre on Ranihati-Amta Road in Howrah, as also proposals promoted by state-based iron and steel majors, like the Ramrupai Balaji group and Adhunik Metaliks.
After reviewing individual applications, the state government would shortlist a few names and forward them to the central government with its own comments and recommendations. The consent of respective state governments is necessary before the Centre government gives formal approval. “Our presentation on the proposal for an SEZ within the upcoming foundry park spread over 924 acre was studied and we are hopeful of a positive response from the state government. The final outcome would only be known within the next two days,” Tapash Chatterjee, chief executive officer of Foundry Cluster Development Association —the implementing body for the project—said.
The Indian Foundry Association, which, for long, has been working on the foundry park, had earlier appointed IL&FS-IDC which prepared a detailed project report. IL&FS-IDC, the joint venture between New Delhi-based Infrastructure Development Corporation and WBIDC, is also the consultant for the PS Group-promoted multi-product SEZ at Rajarhat. With the central government’s decision to go slow on IT SEZs, the fate of several such proposals pending before the BoA is hanging in balance. These proposals are from outfits like Xenitis Infotech, Parasmani Infrabuild, Enfield Infrastructure and Asian Gateway, a company controlled by Purnendu Chatterjee.
According to Mr Bhattacharya, about Rs 1,200 crore has been spent on various infrastructure and urban services projects in Kolkata. Besides, KMDA has lined up several urban development projects that would be implemented over the next seven years. He said the Centre had asked the State Government to take steps to repeal the Urban Land Ceiling Act before it releases funds for projects under the National Urban Renewal Mission. The State Government has formed a committee to look into issues in this regard. The committee is expected to submit its report within the next five-six months. “In the meantime, we have requested the Centre to release the funds so that work on various projects can continue,” he said for this purpose. The project entails an investment of Rs. 1,000 crore.Real estate major Salarpuria Group is all set to invest billions in West Bengal with projects ranging from hotels and residential complexes to IT special economic zones (SEZs), a top company official said here Wednesday. Some of the key projects on the anvil for the group include a 350-room four-star hotel at the upcoming township of Rajarhat here and also investments in two IT special economic zones (SEZs).
“We have planned to develop this (hotel) project within two and a half years from now. The project would be developed over 3.5 acres of land with an investment of more than Rs.2 billion ($50 million),” Salarpuria Group vice chairman Rakesh Salarpuria told IANS. He said the company has already bought the land from the West Bengal Housing Infrastructure Development Corporation (HIDCO) Ltd and is now awaiting approval to begin construction. “This apart, the group is also working out on a project to build a 50-room hotel along with a spa and 200 residential duplex bungalow at Thakurpukur on the city’s outskirts. There will be an investment of around Rs.1 billion for the project and it would be implemented in two phases, with Rs.500 million of investment in each phase,” Salarpuria said.
Falta Special Economic Zone
FSEZ, M.S.O Building,
4th Floor, Nizam Palace, Kolkata - 700020
Tel.: +(91)-(33)-22472263/ 7923
Fax: +(91)-(33)-22477923
E-mail: fepz@wb.nic.in
Website: www.fepz.com
Salt Lake Electronic City-SEZ, Kolkata.
(Software Development and IT enabled services)
M/s. WIPRO Ltd., Wipro Infotech, Thapar House,
124, Janpath, New Delhi-110011
Tel.: +(91)-(11)-23366997
Fax: +(91)-(11)-23362145
Manikanchan, Salt Lake SEZ (for gems and jewellery)
West Bengal Industrial Development Corporation Ltd.
5, Council House Street, Kolkata-700001
Tel.: +(91)-(33)-22486583, 22101536/ 62-65
Fax: +(91)-(33)-22483737
E-mail: mdbidc@vsnl.com
http://www.sezindiainvest.com/service