Noida SEZ has no Room for New Units

April 18, 2008	(Be the first to rate this story!)  Loading ...
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Noida, which has become the hub of export units, has lately attracted such a large number of units that Noida Special Export Zone (NSEZ) has no more room to accommodate new units aspiring to set up shop in NSEZ.

This has happened for the first time in last 23 years. Set up in 1985, Noida Export Promotion Zone (NEPZ) was converted into a Noida Special Economic Zone by the government two years ago.

The government offered a number of facilities and incentives to promote exports from here. This attracted the exporters to set up their shop in the zone. Export units even help the local market to have a problem-free existence. The area was declared a “No Power Cut Zone”. Besides, units enjoy freedom to export goods.

The state government has recently abolished surcharge on NSEZ. According to officials, the NSEZ has reached a saturation point as it is left with no more space to accommodate units here.

The leading Indian and foreign companies in NSEZ include Wipro, Patni Computers, Boeing, Teen India, DHB Global, Cadence, Syscom, etc. Till a few years ago, there were only 110 units in NSEZ, but last two years have witnessed a spurt in the number of units coming up here–making a total of 200 units. Most of the units here deal in jewellery with second spot being occupied by IT and engineering units followed by garment units.

The NSEZ offers employment to over 42,000 workers. Out of which 22,000 are directly linked with it for their livelihood. Over 2,000 women are also employed here. The number of people indirectly employed here is over 20,000, the officials said.

News Published Under:   Real Estate India, Special Economic Zones |

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