THE Capital will soon get its very own Special Economic Zone (SEZ),with as the government of the National Capital Territory announcing its decision to establish an SEZ here today.
Under the governments policy,the proposed SEZ will be allotted for the sectors of electronic hardware and software,information technology-enabled services (ITES),nano technology,bio-technology,gems and jewellery,handicraft,fashion and garments (excluding dyeing),and higher technical educational institutions.
Prohibited or activities causing pollution would not be allowed on the proposed SEZ, said a statement released by the Chief Ministers office.
The proposed SEZ will conform to the prescribed land use and will be part of the overall Master Plan Delhi 2021. Proposals not meeting these requirements will not be considered by the government.
The developers of the SEZ will be responsible for providing and maintaining water supply,distribution system,effluent disposal systems, the statement noted.
The developer will also need to sign a MoU with the DJB. Transactions within the SEZ shall be exempted from state and local taxes. All units and other establishments in the SEZ will be declared as Public Utility Services under the jurisdiction of the Industrial Dispute Act,1947.