imported>GreenC bot Rescued 1 archive link; reformat 2 links. Wayback Medic 2.5 |
m General cleanup and content improvements |
||
| Line 1: | Line 1: | ||
{{Short description|Central government economic zone in Visakhapatnam}} | |||
{{Use dmy dates|date=May 2018}} | {{Use dmy dates|date=May 2018}} | ||
{{Use Indian English|date=May 2018}} | {{Use Indian English|date=May 2018}} | ||
| Line 12: | Line 13: | ||
|locations = <!--# of locations--> | |locations = <!--# of locations--> | ||
|area_served = | |area_served = | ||
|products = Multi-product <br />(Electronic goods, software, pharmaceuticals etc.)<ref>{{cite book|url=https://books.google.com/books?id=Zy1-DAAAQBAJ | |products = Multi-product <br />(Electronic goods, software, pharmaceuticals etc.)<ref>{{cite book|url=https://books.google.com/books?id=Zy1-DAAAQBAJ&dq=Visakhapatnam+%22vsez%22&pg=PA64|title=Sourcing in India|author=Guido Nassimbeni, Marco Sartor|page=65|publisher=Springer|year=2008|isbn=978-0230594166}}</ref> | ||
|caption = | |caption = | ||
|homepage = [http://www.vsez.gov.in/] | |homepage = [http://www.vsez.gov.in/] | ||
}} | }} | ||
'''Visakhapatnam Special Economic Zone''' ('''VSEZ'''), also called the [[Andhra Pradesh]] First Economic Zone, is one of the central government [[special economic zone]]s in [[India]]. VSEZ is located in [[Duvvada]], 20 km away from the [[Visakhapatnam]].<ref>{{cite web|url=http://pharmaclub.in/list-pharma-companies-vsez-duvvada/|title=List of pharma companies in VSEZ|author=|website=Pharmaclub}}</ref> | '''Visakhapatnam Special Economic Zone''' ('''VSEZ'''), also called the [[Andhra Pradesh]] First Economic Zone, is one of the central government [[special economic zone]]s in [[India]]. VSEZ is located in [[Duvvada]], 20 km away from the [[Visakhapatnam]].<ref>{{cite web|url=http://pharmaclub.in/list-pharma-companies-vsez-duvvada/|title=List of pharma companies in VSEZ|author=|website=Pharmaclub|date=9 February 2018|access-date=9 February 2018|archive-date=15 December 2023|archive-url=https://web.archive.org/web/20231215060121/https://pharmaclub.in/list-pharma-companies-vsez-duvvada/|url-status=dead}}</ref> | ||
==History== | ==History== | ||
The zone originated in 1989, when it was named VEPZ ( | The zone originated in 1989, when it was named VEPZ (Visakhapatnam [[Export Processing Zone]]). It was changed to the Visakapatnam Special Economic Zone on 1 January 2003. The zone consists of an area of 360 acres. The Development Commissioner, the administrative head of the zone, is also the head of all 53 special economic zones in [[Andhra Pradesh]], [[Chhattisgarh]] and the union territory of [[Yanam]]. From these SEZs, seven are multipurpose SEZs, and the remaining are sector specific SEZs.<ref name=revenue /> | ||
==Operation== | ==Operation== | ||
VSEZ is treated as a foreign territory for trade operations, duties and tariffs. One hundred per cent [[foreign direct investment]] is allowed with permission for full and free repatriation of export proceeds. The turnover of the zone was [[rupee|Rs.]] 4.5 billion in 2004.<ref name=revenue>{{cite news|url=http://www.thehindu.com/2005/03/04/stories/2005030409470300.htm|website=[[The Hindu]]|title=VSEZ acquiring land for expansion|date=2005-03-04|author=Santosh Patnaik}}{{dead link|date=April 2021|bot=medic}}{{cbignore|bot=medic}}</ref> Investments increased from Rs. 5.56 billion in 2008-09 to Rs. 12.4 billion in 2012-2013.<ref>{{cite book|url=https://books.google.com/books?id=g7quDAAAQBAJ | VSEZ is treated as a foreign territory for trade operations, duties and tariffs. One hundred per cent [[foreign direct investment]] is allowed with permission for full and free repatriation of export proceeds. The turnover of the zone was [[rupee|Rs.]] 4.5 billion in 2004.<ref name=revenue>{{cite news|url=http://www.thehindu.com/2005/03/04/stories/2005030409470300.htm|website=[[The Hindu]]|title=VSEZ acquiring land for expansion|date=2005-03-04|author=Santosh Patnaik}}{{dead link|date=April 2021|bot=medic}}{{cbignore|bot=medic}}</ref> Investments increased from Rs. 5.56 billion in 2008-09 to Rs. 12.4 billion in 2012-2013.<ref>{{cite book|url=https://books.google.com/books?id=g7quDAAAQBAJ&dq=Visakhapatnam+%22vsez%22&pg=PA89|title=Special Economic Zones in India: Status, Issues and Potential|author=Arpita Mukherjee|display-authors=etal|page=89|publisher=Springer|year=2016|isbn=978-8132228066}}</ref> | ||
==See also== | ==See also== | ||
Latest revision as of 05:22, 24 December 2025
 | |
| Founded | 1989 |
|---|---|
| Headquarters | , |
| Products | Multi-product (Electronic goods, software, pharmaceuticals etc.)[1] |
| Owner | Government of India |
| Website | [1] |
Visakhapatnam Special Economic Zone (VSEZ), also called the Andhra Pradesh First Economic Zone, is one of the central government special economic zones in India. VSEZ is located in Duvvada, 20 km away from the Visakhapatnam.[2]
History[edit | edit source]
The zone originated in 1989, when it was named VEPZ (Visakhapatnam Export Processing Zone). It was changed to the Visakapatnam Special Economic Zone on 1 January 2003. The zone consists of an area of 360 acres. The Development Commissioner, the administrative head of the zone, is also the head of all 53 special economic zones in Andhra Pradesh, Chhattisgarh and the union territory of Yanam. From these SEZs, seven are multipurpose SEZs, and the remaining are sector specific SEZs.[3]
Operation[edit | edit source]
VSEZ is treated as a foreign territory for trade operations, duties and tariffs. One hundred per cent foreign direct investment is allowed with permission for full and free repatriation of export proceeds. The turnover of the zone was Rs. 4.5 billion in 2004.[3] Investments increased from Rs. 5.56 billion in 2008-09 to Rs. 12.4 billion in 2012-2013.[4]
See also[edit | edit source]
References[edit | edit source]
- ↑ Guido Nassimbeni, Marco Sartor (2008). Sourcing in India. Springer. p. 65. ISBN 978-0230594166.
- ↑ "List of pharma companies in VSEZ". Pharmaclub. 9 February 2018. Archived from the original on 15 December 2023. Retrieved 9 February 2018.
- ↑ 3.0 3.1 Santosh Patnaik (4 March 2005). "VSEZ acquiring land for expansion". The Hindu.[dead link]
- ↑ Arpita Mukherjee; et al. (2016). Special Economic Zones in India: Status, Issues and Potential. Springer. p. 89. ISBN 978-8132228066.
