Special Economic Zone - TATA STEEL SPECIAL ECONOMIC ZONE LIMITED

The Policy for Special Economic Zones brought in by the state government on 18th June 2015 focuses to create an internationally competitive business environment for SEZ and stimulate more efficient use of local resources. The key initiatives to be implemented by the Odisha government are:

Govt. of Odisha will facilitate process for obtaining necessary approval required from statutory authorities for project approval.
Govt. will facilitate infrastructure linkages to SEZ site.
Clearances under labour laws shall be sought independently by the Developer, Co-Developer and Units within the SEZ.
Special incentive package over and above the Odisha State SEZ policy may be considered on case to case basis for investors.

Infrastructure and Utilities

Power	Water	Land
Enabling environment to facilitate uninterrupted supply of quality power to the SEZs and the units therein. The units within the SEZ would be permitted to set up Captive Power Plants (CPPs). The CPPs in the SEZ will also be permitted to establish grid connectivity for evacuation subject to agreement with State Transmission Utility. Developer, Co-Developer and the units may procure power from any source through Open Access.	State Government to facilitate allocation of water available at nearby source for use and obtaining of necessary approvals required from Statutory Authorities.	Government Land shall be provided to SEZ Developers at concessional rates and IDCO lands shall be leased. Preferential treatment to SEZs dedicated to Thrust and Priority sectors and also to large employment generating sectors.

Incentive Framework

Authorized activities of Developer, Co-Developer & Units ( including contractors and sub-contractors appointed by developers, co-developers & units) within the Processing Area are exempted from:

Stamp Duty Exemption	VAT exemption	Entry Tax exemption	Electricity Duty
100% exemption on fees payable on transfer of land and/or built up space, loan agreements, credit deeds and mortgage executed.	100% exemption from VAT payable on sales and transactions.	100% exemption from the payment of Entry Tax on sales and transactions.	100% exemption from the payment of Electricity duty on sales and transactions.

Why India?

World’s third biggest economy of World
Huge consumption potential with 1.2 billion population with domestic demand accounts for 60% of the GDP
India is one of the fastest growing economies and poised to overtake China as by 2016 as per World Bank report
India has emerged as the most favoured destination for foreign direct investment (FDI) in year 2015
Stable government at center
Conducive investment climate
Strong financial regulatory framework
Rising per Capita income and growing middle class
India has second largest young workforce (20 – 35 age)
Ease of doing business, simplified regulation and greater coordination between central and state government aids in industrial investment

Why Odisha?

Stable political regime and investor friendly policy environment
The state offers a wide range of fiscal and policy incentives for businesses under the Industrial Policy Resolution, 2015 and Odisha SEZ Policy 2015 Resolution
Vibrant industry sector with Strong institutional support
Single window facilitation with common application form (CAF)
Conducive and peaceful industrial climate
Orissa has abundant natural resources and a large coastline
The industrial electricity tariff is one of the lowest in India – INR 5.02 /Kwh
Orissa is well connected by all modern means of transport
Educated workforce: It has premier institutions such as IIT, XIMB, NIT, IIM, and many engineering institutes and ITIs (Industrial training institutes) that educate more than 1,50,000 students per year.
450 Kms of Coastline with three operating ports and four proposed ports – excellent connectivity to SE Asian & Far Eastern markets
Adequate fresh water available for industrial use - About 10% of India’s utilizable water (surface & ground)

Why TSSEZ?

Established developer goodwill associated with TATA brand. TATA steel is committed to promote the Special Economic Zone (SEZ) as an industrial growth engine in State of Odisha.
2,970 acres (1202 Ha) of contiguous land parcel and free from encumbrance – the key USP for the upcoming Zone.
Availability of land at affordable cost
Multi modal logistics advantage with Rail, Air, Road and Port connectivity.
Site enjoys access to a significant export catchment comprising East Asian countries
Excellent connectivity with the established markets of Odisha along with neighbouring states of Andhra Pradesh, West Bengal, Telengana, etc.
First of its kind SEZ in the eastern part of the country.
Adequate availability of Skilled manpower – presence of ITI, technical and skill development institutes in the district
Established Power Supply sourced from Govt. of Odisha at competitive rate of Rs. 5.02/ kwh
Water commitment ~ perennial water to the site
TATA Steel is committed to extend all support to potential investors
Tata Steel has already committed anchor investment of Rs. 800 crore spent for setting up a 55000 TPA High Carbon Ferro chrome Plant in an area of 400 acres expected to be commissioned by March 2016.

Sez