SEEPZ explained

SEEPZ
Settlement Type:neighbourhood
Pushpin Map:India Mumbai
Pushpin Map Caption:Location in Mumbai, India
Coordinates:19.123°N 72.876°W
Subdivision Type:Country
Subdivision Name: India
Subdivision Type1:State
Subdivision Name1:Maharashtra
Subdivision Type2:District
Subdivision Name2:Mumbai Suburban
Subdivision Type3:City
Subdivision Name3:Mumbai
Government Type:Municipal Corporation
Governing Body:Brihanmumbai Municipal Corporation (MCGM)
Unit Pref:Metric
Elevation M:31
Population Density Km2:auto
Demographics Type1:Languages
Demographics1 Title1:Official
Demographics1 Info1:Marathi
Timezone1:IST
Utc Offset1:+5:30
Postal Code Type:PIN
Postal Code:400 096
Blank1 Name Sec1:Civic agency
Blank1 Info Sec1:BMC

Santacruz Electronics Export Processing Zone (SEEPZ)[1] is a Special Economic Zone in Mumbai, India. Situated in the Andheri East area, it is subjected to liberal economic laws as compared to the rest of India to promote rapid economic growth using tax and business incentives and attract foreign investment and technology.[2] Seepz was created in 1973 and was seen as export processing zone.[3] Since then many other SEZ's have been created in rest of India. SEEPZ mainly houses electronic hardware manufacturing companies, software companies, and jewelry exporters of India. More than 40 percent of India's total jewelry exports ($2,222.31 million) out of $5,210.69 million during year 2006-2007 came from units within SEEPZ.[4]

Profile

There are more than 400 units inside SEEPZ (Santacruz Electronic Export Processing Unit).

The Policing is done by the Ministry of Finance's Customs branch and the Custodian of SEEPZ is MMTC LTD. ~ Ministry of Commerce unit.

These include Portescap India Pvt. Ltd., CGI Group Inc., Elegant Collection, Tata Consultancy Services, Syntel, Zycus, ACE Software, Inter Gold, Tara Jewels Limited, Shanker Jewels, Lumina Datamatics Limited, Indus Valley Partners to name a few.

Most buildings in the zone are built to look the same from outside; they're called Standard Design Factories. Others are made by architects to the taste of the owners.

SEEPZ is a high security entry zone. Employees of all companies need to have permanent SEEPZ gate pass to gain entry inside SEEPZ (including the Custodian's office, Bank, including Customs officials who police the SEEPZ complex).

Visitors, need special permits to enter.[5] Due to these hassles government proposed making SEEPZ a Free Trade Zone (FTZ) in 1999. However, gate pass and visitor pass rules continue till date. Making SEEPZ a FTZ meant that it would be treated as outside the customs zone of India. This meant no excise or customs duty will ever be levied on raw materials, companies would have to sell their products/services overseas to earn back precious foreign exchange for the country that was spent in importing those goods using hard currency.[6]

Crimes

Due to its business importance and high concentration of work force SEEPZ has remained the prime target of criminals and terrorists. A high-profile case occurred in 1999 when diamonds worth and gold worth were smuggled out and sold in local market.[7] After the 28 July 2003 Mumbai Bus Bombing major stockpile of explosives was also found near SEEPZ.[8] Women employees working in SEEPZ during the night shifts are entitled transport facility between home and office from their employers.[9]

Notable facts

Within the premises is located the ruins of an abandoned Portuguese church, St. John the Baptist Church, Mumbai built in 1579.[10] The church also lay in ruins for years and access to it is restricted since SEEPZ was formed. After much political controversy, it was handed back to Fr Rodney Esperance of Bombay Archdiocese in 2003[11] in a ceremony organized by Maharashtra Chief Minister Sushil Kumar Shinde.[12] A lake and several canteens are located inside the SEEPZ premises.

See also

Notes and References

  1. Web site: SEEPZ SEZ. www.seepz.gov.in. 2019-01-08.
  2. https://www.forbes.com/businesswire/feeds/businesswire/2008/02/05/businesswire20080204005694r1.html SEEPZ profile on Forbes
  3. http://www.accessmylibrary.com/coms2/summary_0286-22098888_ITM Seepz Sez: Moving Forward Despite Constraints
  4. http://www.idexonline.com/portal_FullNews.asp?id=27565 SEEPZ news
  5. http://www.idexonline.com/portal_FullNews.asp?id=27565 SEEPZ entry
  6. http://www.indianexpress.com/res/web/pIe/ie/daily/19990410/ibu10023.html SEEPZ to become free trade zone
  7. http://www.indianexpress.com/res/web/pIe/ie/daily/19991202/ige02006.html Another accused arrested SEEPZ case
  8. http://www.outlookindia.com/pti_news.asp?id=101749 NSG team arrives in Mumbai
  9. http://www.indianexpress.com/res/web/pIe/ie/daily/19990612/ige12082.html HC orders SEEPZ to provide transport for women
  10. http://www.cybernoon.com/DisplayArticle.asp?section=fromthepress&subsection=inbombay&xfile=May2005_inbombay_standard6545 Historic Seepz church still remains a neglected monument
  11. http://www.dnaindia.com/report.asp?NewsID=1096878 St. John’s opens for mass
  12. http://www.accessmylibrary.com/coms2/summary_0286-24525380_ITM CM gives SEEPZ church back to archdiocese