Purpose: The NSEZ aims to provide a conducive environment for companies to carry out export-oriented activities and attract foreign investments. It offers various benefits and incentives to promote trade and industrial development.
Location: The NSEZ is situated in the city of Noida, which is a part of the National Capital Region (NCR) in India. Noida is known for its well-planned infrastructure and proximity to Delhi.
Infrastructure and Facilities: The NSEZ offers world-class infrastructure and facilities to support businesses. It includes industrial plots, manufacturing units, office spaces, warehouses, and logistics services. The zone is equipped with reliable power supply, communication networks, and transportation infrastructure.
Tax and Customs Benefits: One of the significant advantages of operating in the NSEZ is the tax and customs benefits provided to the companies. These benefits may include exemptions or reductions in customs duties, income tax benefits, and simplified export-import procedures.
Employment Opportunities: The establishment of the NSEZ has led to the creation of numerous employment opportunities in the region. The presence of a diverse range of industries and companies within the zone has contributed to the growth of the local economy and job market.
Sector Focus: The NSEZ accommodates businesses from various sectors such as information technology (IT), IT-enabled services (ITES), electronics manufacturing, textiles, engineering, pharmaceuticals, and more. It caters to both domestic and international companies.
Special Economic Zone (SEZ) Act: The functioning and administration of the Noida Special Economic Zone are governed by the SEZ Act of India. This act provides a legal framework for the establishment, operation, and regulation of special economic zones in the country.
Promoting Export-oriented Activities: The primary objective of the NSEZ is to boost exports from India. It encourages businesses to engage in export-oriented production, services, and trade activities, thereby contributing to the growth of the country's export sector.