Vidarbha Industries Association (VIA) has taken initiative and called a meeting with investors who have already taken plots in SEZ MIHAN, but could not start their operations due to penalty and interest costs. In this regard, VIA invited the Development Commissioner, SEZ MIHAN, Dr V Sraman at VIA recently, for interaction and discussed their issues for suitable steps to be taken.
Earlier, VIA Exim Forum Chairman, Pratik Tapadia welcomed Dr. Sraman and Mr. G S Bhandari, Asst. Section Officer, MIHAN SEZ. VIA Hon. Secretary, Gaurav Sarda appraised about their issues and interest shown by investors to restart their operations. VIA President, Suresh Rathi requested DC to take up the cases of those who have already taken plots in SEZ MIHAN but could not start their operations due to penalty/interest. He appealed to the investors to set up their units and start the operations immediately which will generate huge employment and revenue to exchequers.
In this context, DC was very positive and invited all the investors for one to one discussion to resolve their issues and also assured that the Department will send all investors applications to the concerned authorities for waiver of penalty and interest.
During the discussion, a lot of myths related to SEZ rules also got cleared with GS Bhandari. The major point was how much % of exports is compulsory to which he said we have to be net foreign exchange +ve, and it be very little to very high. Industry appreciated and shared that if there are no delay charges then industries are happy to come and restart their operations in SEZ MIHAN.
Replying to the queries of investors, G S Bhandari has assured to take up the issues with MADC. He further informed, for any infrastructure development SEZ land is cheaper as compared to Non SEZ land. SEZ unit is beneficial compared to DTA Company due to duty component leverage. He also explained about the SEZ procedure for submission of application, import, export benefit as well as DTA Sale by the SEZ Unit. He advised the bigger land holders may become a co-developer for their own plots by constructing office place/ buildings and can provide some portion to other investors/ units on lease basis.
He informed about the current industrial status of SEZ MIHAN having 52 active units comprising IT sector, defence, Pharma, MRO amongst many others.
VIA played a pivotal role as a facilitator and tried to bridge the gap between investors and department.
Amongst investors Mohit Sarda, Yogesh Shindekar, Vijay Waghmare, Shreyansh Agrawal, Saurabh Malpani, Gurudev Somani, Manish Gidwani, Manoj Gattani were prominently present and discussed their concerns.