Resource detail

The Madhya Pradesh State Industrial Development Corporation has been declared as the nodal
agency for development of Special Economic Zone (SEZ) proposed near Indore. The State Government shall make available land required for the zone. To provide single agency clearance, powers to grant permissions shall be delegated to the designated Development Commissioner (DC) of the SEZ. The policy lists the various powers given to the DC like the DC will be deemed as competent authority for the industrial development area for the notified SEZ. He will provide sanctions under various statutes and regulations of the Government of India and the state Government. SEZ units can obtain various clearances/permissions under single agency clearance system. The policy also ensures good quality power; exemption from electricity duty, cess and any other tax; freedom to fix tariff; no prior approval required to set up captive power plants by the SEZ units; etc. All SEZ units and SEZ developer would be exempted from payment of taxes like commercial tax, turnover tax, VAT, octroi, mandi tax, purchase tax, electricity cess, stamp duty etc. Arrangements for supply of water for drinking, industrial and other use as required for SEZ would be made.