Visakhapatnam Special Economic Zone

Visakhapatnam Special Economic Zone (VSEZ) is a major industrial center in the state of Andhra Pradesh, India. It was established in the year 1989 and is spread over 360 acres of prime land. VSEZ offers state-of-the-art infrastructure and support services for a hassle-free business environment. The zone consists of several industrial units in the public and private sectors, including Port and Shipping, Oil Refinery, Steel, Fertilizer, and Heavy Engineering. The city is known for its strong industrial base, productive workforce, and peaceful industrial relations. Additionally, it boasts low-cost, high-quality social infrastructure in terms of medical, educational, residential, and recreational facilities

Renaming

VSEZ, formerly known as VEPZ (Visakhpatnam Export Processing Zone), was renamed to Visakapatnam Special Economic Zone on January 1, 2003. The Development Commissioner, the administrative head of the zone, is also the head of all 53 special economic zones in Andhra Pradesh, Chhattisgarh, and the union territory of Yanam. VSEZ is a multi-product SEZ and offers infrastructure facilities for hassle-free business operations. It is located in Duvvada, 20 km away from Visakhapatnam. The zone offers fully developed plots of varying sizes, which are allotted on a lease basis through competitive bidding methodology. The reserve price fixed for lease rentals is Rs. 163 per square meter per annum, to be paid on a quarterly basis, with an annual 10% enhancement in lease rent

SEZ Scheme at Visakhapatnam Special Economic Zone

The SEZ Scheme allows state governments, private firms, and individuals to develop multiproduct SEZs in 1000 hectares, sector-specific SEZs in 100 hectares, and IT/ITES, biotechnology, non-conventional energy, and gem/jewelry SEZs in 10 hectares of contiguous land.

The administrative head of the Visakhapatnam Special Economic Zone is the Development Commissioner, who is also the Zonal Head for all Special Economic Zones and Export Oriented Units in the states of Andhra Pradesh, Telangana, Chhattisgarh, and Yanam (Union Territory). VSEZ offers a range of support services, including modern banking facilities, post office services, courier services, dining and creche facilities for workers, railway siding facility for raw materials, and abundant dwelling houses within the vicinity of the zone .

Visakhapatnam Special Economic Zone (VSEZ) is a significant industrial center in Andhra Pradesh, offering a conducive environment for businesses with its state-of-the-art infrastructure, support services, and a range of incentives and concessions under the SEZ scheme.

If you are considering establishing an export industry or services, VSEZ could be a beneficial location to consider due to its favorable infrastructure and incentives.

Additional Details for Visakhapatnam Special Economic Zone

• Total area: 360 acres
• Plot sizes: Minimum half acre and above
• Year opened: 1989
• Key industrial sectors: Electronic goods, software, pharmaceuticals
• Electricity supply: A dedicated 132/33 KV sub-station
• Security: Security round the clock in 3 shifts
• Ready built factories: Industrial sheds of size 1000 sq mtr and trading sheds of size 100 sq mtr are also available on lease basis.