Rajasthan Government Sets Up Gems & Jewellery SEZ To Capture Export Glitter

Jaipur, July 29: | Updated: Jul 30 2003, 05:30am hrs
A special economic zone (SEZ) for gems and jewellery has been launched by the state government in order to tap rising exports in the sector which are estimated to touch Rs 2000 crore within next few years.

The project will be set up over an area of 21.5 acres of land located at Sitapur and will cost Rs 7.21 crore. It will be developed within 12 months by Rajasthan Industrial Investment Corporation (RIIC). The SEZ is proposed to be a specially delineated duty free zone treated at par with a foreign territory for the purpose of industrial, service and trade operations with exemptions from customs duties and will provide a more liberal regime to lure foreign investments amongst other things.

Units located within the zone will be allowed to generate power for self consumption and will be entitled for exemption from payment of electricity duty on the generation of power for use within the zone for 10 years. Distribution companies as well as transmission companies shall provide separate sub-station and separate feeder to the zone without any additional charges. Industrial units generating power will also be allowed to sell power to other units or RPVN as per the rate prescribed in the states captive power plant policy.

An amount of Rs 2.5 crore has been approved for the SEZ under the governments ASIDE scheme. Apart from this, the government will also assist in providing a single window clearance for all the necessary procedures in order to make the zone investor-friendly.

As per the recent SEZ policy of the state government, a development commissioner will be appointed by the Union government and all major decision taking power will be entrusted to him. The services of the Rajasthan Pollution Control Board as well as international quality facilities of power and water supply banking, custom bond area services of labour commissioner would be provided under one roof in the SEZ, according to official sources.