{"id":2298,"date":"2021-03-13T02:37:10","date_gmt":"2021-03-12T20:07:10","guid":{"rendered":"https:\/\/directorsdirectory.com\/?post_type=listing&p=2298"},"modified":"2024-01-07T14:20:52","modified_gmt":"2024-01-07T07:20:52","slug":"noida-special-economic-zone","status":"publish","type":"post","link":"https:\/\/directorsdirectory.com\/noida-special-economic-zone\/","title":{"rendered":"Noida Special Economic Zone"},"content":{"rendered":"\t\t
Established in 1985, Noida Special Economic Zone (NSEZ) sprawls over 310 acres in Noida Phase-II, positioning itself as the sole SEZ in northern India. The strategic location, offering proximity to Delhi, and abundant skilled manpower make NSEZ an ideal hub for export-oriented industrial sectors.<\/p>\n
The NSEZ boasts excellent infrastructure, supportive services, and sector-specific facilities. It comprises 202 plots of varying sizes, 13 Standard Design Factory Blocks, and accommodates 208 units. Notably, there are exclusive blocks for trading service units, emphasizing the zone’s comprehensive approach.<\/p>\n
NSEZ focuses on export-led industrial sectors, with a particular emphasis on gems and jewellery and electronics\/software. These sectors have significantly contributed to over 50% of the annual export turnover. The zone, as an inland SEZ, caters to high-value, low-volume, and skill-intensive products, fostering a conducive environment for growth.<\/p>\n
Customs Wing ensures swift clearances of export\/import consignments. The zone features in-house post and telegraph offices, sub-foreign post offices, insurance and banking facilities, including ATMs, courier services, industrial canteens, executive restaurants, and travel\/customs forwarding agencies. An extension counter of Punjab National Bank collects Central Excise and Customs duties.<\/p>\n
Sector-specific infrastructure has been developed for software and gems & jewellery units. A satellite data link facilitates software exports, and NSEZ houses two exclusive complexes for jewellery units. MMTC provides gold supply and packing credit facilities, while the Central Warehousing Corporation aids in handling and storing jewellery cargo.<\/p>\n
The NSEZ offers a range of benefits to companies, including tax and customs incentives. Businesses operating within the zone may enjoy exemptions or reductions in customs duties, income tax benefits, and simplified export-import procedures. The zone operates as an Inland Container Depot (ICD) under the Customs Act, 1962, streamlining cargo movements.<\/p>\n
The establishment of NSEZ has catalyzed the creation of numerous employment opportunities in the region. The diverse range of industries and companies within the zone has contributed to the growth of the local economy and job market.<\/p>\n