Updates on the Special Economic Zone projects

Q: Hi everyone, I am Ayesha. I am curious to know about the realty sector in Kochi. I wanted to know more about the SEZ projects that are going on in Kochi. If there is anyone who can provide some information on this, that would be helpful. Thanks :)

Ayesha Bibi, Kochi

23rd February 2015

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Replies (5)

I think that there has been a significance of SEZ for the IT and related industries. Actually, the SEZ which has to make developments to most industries, there has been a very large scale development only in the IT and ITeS industry. It gets almost 56.64% of the SEZ's project. Only 9.6% of SEZ cater to the multi-product manufacturing sector, etc.

Deepak Shetty, Kochi

28th February 2015

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think that the project has already completed some part of the construction of the factory building, installation of the plant and the machinery and its support infrastructure. I think that the finance minister will relax the tax regime for the SEZ to remove the Minimum Alternate Tax or the MAT and the Divident Distribution Tax or the DDT also.

Rajneesh Nambeesan, Kochi

26th February 2015

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Yeah. for example, if you take the case of Torrent, which is a unit of Dahej SEZ, it has sought the permission to extend the project beyond December 2, 2014. The unit has requested for further extension so as to implement the project. The unit has invested Rs. 564 crores on the project and employed 280 people.

Amal Anthony, Kochi

25th February 2015

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From the information that I have got, I think that the SEZ project are working on projects that includes Smart City Kochi Infrastructure, Saraf Agencies, Golden Tower Infratech and Torrent Pharmaceuticals. Now, what has happened is that there has been a delay of the projects work beyond the December.

Rajagopal Menon, Kochi

24th February 2015

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Hi Ayesha, I am David, actually, you know, Cochin SEZ is a foreign territory in India. With the Union Budget that will come on 28th February, the SEZ developers and all are asking more time to implement their approved projects.

David Oomen Mathews, Kochi

23rd February 2015

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