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Grant Thornton offers integrated solutions to maximise value in Special Economic Zones (SEZs) and Software Technology Parks of India (STPI) operations, guiding companies through the establishment/ transformation process, ensuring compliance, and leveraging incentives. Supported by our experienced team of consultants, we provide SEZ and STPI advisory services, aiding clients in establishing and effectively managing SEZs, Free Trade and Warehousing Zones (FTWZ), and International Financial Services Centers (IFSC) units.
An SEZ is a designated geographical region governed by the SEZ Act 2006. It is specifically designed to stimulate exports, generate employment opportunities, and attract foreign direct investment to create an environment conducive to economic growth and development by providing various incentives and facilitation measures. SEZs are established as duty-free enclaves that operate as territories outside the customs territory of India.
Source: http://sezindia.nic.in/
The new Development of Enterprise and Service Hubs (DESH) legislation aims to optimise infrastructure and enhance the export competitiveness for all large industrial enclaves, both existing and new, with the objective of 'Make in India' and 'ease of doing business.'
The emergence of IFSCs offers domestic players access to offshore markets through world-class facilities and regulations. India has been actively promoting IFSCs as preferred destinations for a wide range of financial services. This strategic approach aims to attract both onshore and offshore players by offering a conducive environment that promotes growth and facilitates seamless international transactions.
GIFT City, a multi-service SEZ, attracts global players and provides tax benefits to financial institutions and overseas investors. With state-of-the-art infrastructure and international dispute resolution through the Singapore International Arbitration Centre, GIFT City offers a complete financial services ecosystem for cross-border transactions.
The Software Technology Park Scheme is a 100 percent Export Oriented Scheme for the development and export of computer software, including export of professional services using communication links or physical media. industry. STPI's main objective is to promote the software industry and growth of startups and Small and Medium Enterprises without locational constraints.
With our in-depth knowledge and experience, we provide tailored solutions that align with our client’s specific needs. Whether it is navigating complex regulations or optimising operations within these zones, our team is committed to delivering exceptional results.
For several years, Grant Thornton Bharat has been a dedicated knowledge partner to the Export Promotion Council for EOUs and SEZs (EPCES), offering essential guidance on tax and regulatory matters to its extensive membership of over 4000. We are committed to strengthening the capabilities of SEZs/EOUs by conducting regular webinars, addressing inquiries through a dedicated helpdesk, and more. Our collaborative efforts extend to policymakers, actively contributing to SEZ/EOU policy reforms to improve the ease of doing business. As a reliable partner, Grant Thornton Bharat continues to assume a pivotal role in empowering SEZs/EOUs with the necessary knowledge and expertise, needed for their sustained growth and success.
A Special Economic Zone (SEZ) is a designated geographical region governed by the SEZ Act 2005. SEZs are established as duty-free enclaves that operate as territories outside the customs territory of India.
