Operating Benefits of Karnataka SEZ

By Brian Warren

In recent times the manufacturing sector has been gearing up for new initiatives due to technological advancements in the field of design and manufacturing. Also, due to the widespread availability of manufacturing services the sector is able enhance their productivity levels, which will be reflected in the steep rise in overall operating efficiency.

In India there are Special Economic Zones (SEZ) now created to aid the simultaneous growth of manufacturing services. In India, the Karnataka SEZ has been created to cater to services of design, and manufacturing and precision engineering services.

An experienced global player in this field will be able to adapt to globalization practices ranging from design to manufacturing, and hence understands the gaps to be filled in terms economics, infrastructure, bottlenecks, regulatory approvals and skilled manpower. Therefore if such players were to be made available in the SEZ, it will be a major driving force for Indian and global clients.

The new SEZ in Karnataka, India is a precision engineering and manufacturing SEZ, with the development centre spread across 300 acres, in Belgaum. It has been created to develop the precision engineering and manufacturing supply chain ecosystem that will be a great driver for manufacturing industries.

The Belgaum Special Economic Zone offers a 360 degree offering complete with the design to build services, right from concept design to the finished product. They also cater to all-round support for the aerospace, automotive and industrial engineering sectors.

The Belgaum SEZ provides multiple tax benefits and incentives for its clients. It has already attracted considerable Foreign Direct Investments for India. Investors are also able to get the opportunity to work alongside global leaders in sectors like aerospace and automotive.

The new SEZ can be very beneficial to the Indian subcontinent, especially a developing nation like India would benefit tremendously from the outcome. When every nation around the world are able to have their own SEZ working closely with industry specific clients they can gain economically from them. - 29952

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