Resource detail

The Government of Punjab to facilitate setting up of Special Economic Zone (SEZ) in the state has formulated this Punjab SEZ Policy to provide a comprehensive framework for establishment, operation and sustainability of SEZs in the state of Punjab.

The objective of this policy is to boost the growth of industries in the areas where Punjab has an edge in terms of cost and competitiveness. It encourages the development of product specific and multi-product SEZs. The Policy has liberalised the regulatory frame work relating to SEZs by giving a single window clearance. Under this policy NOCs, consents and other clearances required from the Pollution Control Board for units and activities within the SEZ shall be granted in time bound manner. The Developer of SEZ will have freedom to setup independent power plant for dedicated provision of power to SEZ. The Developer of SEZ shall be permitted to set up system and facilities for water extraction, treatment, transmission and distribution within the zone. All SEZ units and SEZ Developers will be exempted from the payment of sales tax/VAT; purchase tax; octroi; electricity duty on power purchased from PSEB; stamp duty and registration fee on purchase of land by developer for establishing SEZ and plots/land in SEZ; property/house tax; education/infrastructure/any other cess. For providing, maintaining or continuing any civic amenity or facility within the SEZ, the Developer may levy reasonable charges considered necessary.