FALTA Special Economic Zone
Falta Special Economic Zone (earlier FEPZ) was set up by the Government of India in the year 1984. The objective have been set as generation of additional economic activity, promotion of goods and services, promotion of investment from domestic and foreign sources, creation of employment opportunities, development of infrastructure facilities.
Any goods and services exported out of, or imported into, or procured from the Domestic Tariff Area by, a Unit in the Special Economic Zone or a Developer will subject to certain terms, conditions and limitations as prescribed in Rule 22, Chapter IV of SEZ Rules, be exempted from the payment of taxes, duties or cess.
Subsequently, two other SEZs were set up. They were MANIKANCHAN SEZ for gems and jewellery and WIPRO SEZ for IT and ITES. Both of these SEZs are located at Salt Lake, Sector-V, Kolkata.
In addition to the already set up Special Economic Zones viz. Falta, Manikanchan and Wipro Sez, some more new SEZs have been approved by the Government of India in the eastern and north-eastern states of India which are under the jurisdiction of Development Commissioner, Falta SEZ and are in various stages of implementation. Those are – (1) Integrated Multi Product Zone at Kulpi (2) Leather Complex at Bantala (3) IT/ITES SEZs in Bantala and Rajarhat (4) Free Trade Warehousing Zone for providing multi product warehousing services at Haldia (5) Adityapur SEZ for Automobiles and Components in Jharkhand (6) Multi product SEZs in Dubuti & Gopalpur in Orissa.
Location
Near Calcutta, the Falta Special Economic Zone is located in a pollution free sylvan environment, at a distance of about 55 kilometres from the heart of Calcutta city and about 45 kilometres from the southern suburbs. It is well connected by a developed network of roads including a State highway, two ports at Calcutta and Haldia and the International airport at Dumdum.
