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Monday, September 28, 2009

Operating Benefits of Karnataka SEZ

By Brian Warren

The manufacturing sector is all geared up for new technology initiatives that are due to new technological advancements in design and manufacturing sectors. Since manufacturing services are available across the globe, they have aided in increasing their productivity levels. This growth is sure to reflect a steep rise in overall operating efficiency.

There are many Special Economic Zones (SEZ) created to ensure manufacturing services are able to offer efficient services to their clients. In India, the Karnataka SEZ has been set up for design, and manufacturing and precision engineering services.

Experienced and reliable global players will be able to adapt to globalization practices in design and manufacturing. They can understand the gaps to be filled in terms economics, infrastructure, bottlenecks, regulatory approvals and skilled manpower. So when such companies operate in the SEZ, it can be a major driving force for their 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 excellent services for the design to build services, right from product concept to finished product. They also cater to the aerospace, automotive and industrial engineering sectors.

The new Karnataka SEZ offers many tax benefits and incentives, because it has been attracting significant Foreign Direct Investments into India. Investors also get to work alongside global business leaders in sectors like aerospace and automotive.

When the new SEZ succeeds in creating high value for its clients a developing nation like India would benefit tremendously from the outcome. Similarly, when every other nation is able to have SEZ in many areas, they can definitely realize high economical and operating benefits from them. - 21396

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