COMPARISON STUDY OF SEZ INDIA – CHINA- TAIWAN
• Revolution in World Industrial Growth
• Countries Economic Outlook Indicator
• Special Provision complying prevailing conditions and growth prospectus
• Unilateral trade and FTA(Free Trade Agreement) tie ups
• Benchmarking the standard technology advancements and SOP.
• New way of doing business.
“CONCEPT THAT CHANGED THE WAY ECONOMY WORKS”
WHAT IS SEZ ?
SEZ Special Economic Zone
INDIACHINA
EPZExport
Processing Zone
Mexico
US
SBIP
Science
Based
Industrial
Park
Taiwan
• DIFFERENT NAMES SERVING SAME MOTIVES
WORLD CALL IT DIFFERENTLY…
• Describe some of the native animals and plants that can be seen in your country.
SCIENTIFIC SEZ LAYOUT
• For the Economy ..
• By the Economy ….
SEZ- OBJECTIVE Generation of additional economic activity;
Promotion of exports of goods and services
Promotion of investment from domestic and foreign sources
Creation of employment opportunities
Development of infrastructure facilities
SEZ ANALYSIS IN
Chinese SEZ .. In History
I
N
D
I
A
TAX BENEFITS
Exemption from Central
Sales Tax(CST)
Exemption from Service
Tax
Duty free import
Single window
clearance
Exemption from
Minimum Alternate Tax
(MAT).
Exemption from State sales tax
1. Formally approved SEZ(As on August 2013) - 576
2. Operational SEZ(As on August 2013) – 173
3. Growth rate of exports -
FACTS ABOUT INDIAN SEZ
Source: SEZ India, 2011a, Export Performances
SUCCESS STORIES OF INDIAN SEZ
1. Nokia Special Economic Zone (Telecom Equipment SEZ)
2.Reliance Jamnagar Infrastructure Limited (Multi-product SEZ)
3. Mahindra City SEZ (Apparel and fashion accessories; IT/Hardware; Auto-ancillary)
MOMENT OF TRUTH -SEZ“NOT A WAR BETWEEN INDUSTRY AND AGRICULTURE OR BETWEEN PROGRESS AND CONSERVATISM
BUT A WAR
BETWEEN HUMAN RIGHT AND GOVT CREATED CAPITALSITIC HEAVEN”
SINGUR DISPUTENANDIGRAM
DISPUTE
YAMUNA -AGRA EXPRESS HIGHWAY DISPUTE
Taiwan Special Economic Zone
Science Based Industrial Parks
Other Industrial Parks
The Linhai Industrial Park- 1960
• base metals, machinery, non-metallic mineral products, chemical products, and food and beverage manufacturing
The Changhua Coastal Industrial Park
• food production, glass, textiles, and plastics.
Free Economic Zone- 1960
The Hsinchu Science Park (HSP)- 1965
The Southern Taiwan Science Park (STSP)- !996
The Central Taiwan Science Park (CTSP)- 2003
Tax incentives
create industrial infrastructure
simplified procedures for investment
Free Trade Zone (FTZ)
Advantages
Taxation incentive
Distinctive geographic
location
Convenient traffic
Free flow of goods
•import/export cargo customs clearance, cargo handling, warehousing, logistic, value-added park, operational display and business conference centre.
•Park transports through air, land and sea and only one of its kind in the world
Far Glory Air Cargo Park
•essential point on American, European, and Asian navigation routes
•cargo hub for Taiwan’s imports and exports.
Port of Kaohsiung Free Trade Zone
•first international harbour designed and built by Taiwanese engineers
•Direct shipping between Taiwan and China
Port of Taichung Free Trade Zone
Keelung Free Port
Taipei Port Free Trade Zone
• the auxiliary port of Keelung Port• key supply chain node for automobile logistics
and chemical oils
• more than one hundred years since the port began to operate• Holds 52% of Taiwan resources
Taiwan Strait West Coast Economic Zone
• Fujian’s closeness both geographically and culturally with Taiwan
• By December 2005, Fujian received US$ 3.9 billion
of foreign direct investment from Taiwan
• Direct transport with Taiwan commenced in 2008
includes direct flights from Taiwan to major Fujian
cities
• Fujian was declared as special economic zone for Taiwan in 2006