Special Economic Zones (“SEZs”) are specified delineated duty free territories and deemed to be foreign territories for the purpose of trade.
The SEZ policy was first introduced in April 2000, as a part of the Export-Import policy of the country. However, in its initial form the concept was not able to inspire enough confidence for investors to commit substantial funds for development of infrastructure. But now it is realized that SEZ concept is surely a step in the right direction.
Over the past decade, the Information Technology (IT) industry has become one of the fastest growing industries in India. In recognition of the potential of the IT sector to transform the Indian economy, and to provide the requisite impetus, special concessions have been afforded under the SEZ policy for this sector.
Empire Industries Limited identified this to be the right opportunity to enter the Infrastructure sector. Empire SEZ is a notified IT/ITes Special Economic Zone (SEZ). This means IT IS LIABLE TO RECIEVE Tax holidays, exemptions and additional benefits from the State and Central Governments. With robust, failsafe infrastructure, scalable offices and built to suit facilities, Empire SEZ is ideal for businesses both big and small & WILL BE a great place to work IN.