Tuesday, March 11, 2008
Cochin Special Economic Zone (CSEZ) IN THE VANGUARD OF PROGRESS
Within an arm's reach from the hustle and bustle of a vibrant city, right on the corridor connecting a strategically positioned seaport and a busy international airport, one locates the Cochin Special Economic Zone (CSEZ), the landmark industrial township in KochL Spread over a sprawling I 03-acre area and home to 55 enterprises in diverse sectors of industry, CSEZ wields the status of a 'foreign territory' within India. Free from Customs intervention, the Zone also enjoys special policy support to stimulate NRI and Foreign Direct Investments.
From electronic hardware to readymade garments, an assortment of value added products from the CSEZ find their way into a diversified international market comprising primarily, the USA, Europe and the Middle East. Multinationals including Tyco and Advanced Lighting Resources Inc have set up their manufacturing base within the Zone as joint ventures or otherwise. Not to mention successful Indian majors like the Tatas, Leela Group, Hindustan Levers, and the NeST Group. Besides, steadily increasing contract manufacturing activities by global giants like GE Group, Lucent, Hitachi etc., have been paving the way for major investments in the Zone.
The infrastructure within.the CSEZ perhaps matches the best in the world. Factory Modules built to international standards, high- bandwidth international connectivity, top class electric power distribution system, an integrated water supply system, excellent telecommunication network, video conferencing facilities and a well laid out landscape are hallmarks of the Zone. In a path-breaking initiative, the Zone authorities have recently teamed up with KSIDC and a leading private-sector property developer to establish state-of-the-art, 'plug-n-play' modules for IT units, encompassing built-up area of about a quarter-million square feet. Negotiations have also been kick-started with private businessmen to establish a captive power station to feed the units within the CSEZ.
A 'free economic zone' positioned within an international logistic hub, CSEZ is also the gateway to a storehouse of highly productive, yet cost-competitive, manpower and Kerala's rich natural resources. "We are in the process of developing the Zone as a brand by itself. Kochi emerging as a major logistic hub, several MNCs are likely to relocate their South Asian businesses to the CSEZ in the coming years", says Mr. Paul Antony, Development Commissioner, CSEZ.
As mounting demand for built-up space prompts the Zone authorities to add another half a million to the existing half-million square feet of standard factory area, industry sources foresee manifold growth in foreign exchange earnings by CSEZ units from the present level of about Rs. 3000 million.
http://www.ksidc.org/infinity/infinity_nov02.htm
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