SEEPZ

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SEEPZ
neighbourhood
SEEPZ is located in Mumbai
SEEPZ
SEEPZ
Location in Mumbai, India
Coordinates: 19°07′23″N 72°52′34″E / 19.123°N 72.876°E / 19.123; 72.876Coordinates: 19°07′23″N 72°52′34″E / 19.123°N 72.876°E / 19.123; 72.876
Country  India
State Maharashtra
District Mumbai Suburban
Metro Mumbai
Government
 • Body MCGM
Elevation 31 m (102 ft)
Languages
 • Official Marathi
Time zone IST (UTC+5:30)
PIN 400 096
Civic agency MCGM

Santacruz Electronics Export Processing Zone (SEEPZ) is a Special Economic Zone in Mumbai, India. Situated in the Andheri East area, it is subjected to liberal economic laws as compared to the rest of India to promote rapid economic growth using tax and business incentives and attract foreign investment and technology.[1] Seepz was created in 1973 and was seen as export processing zone.[2] Since then many other SEZ’s have been created in rest of India. SEEPZ mainly houses Electronic Hardware Manufacturing Companies, Software Companies and jewellery exporters of India. More than 40 percent of India’s total jewelry exports ($2,222.31 million) out of $5,210.69 million during year 2006-2007 came from units within SEEPZ.[3] Despite its name, it is not located near the suburb of Santacruz, rather it is located closer to Andheri that lies further north.

Profile[edit]

More than 150 units operate in SEEPZ. These include CGI Group Inc., Tata Consultancy Services, Syntel, Zycus, ACE Software, Tara Jewels Limited, many of which are being audited by C.B. Chhajed & Co..

Buildings in the zone are called Standard Design Factories (SDF).[1]

The SEZ is a high security entry zone. Employees of various companies need to have permanent SEEPZ gate pass to gain entry. Visitors need special permits to enter.[4] Due to these hassles government proposed making SEEPZ a Free Trade Zone(FTZ) in 1999. However, gate pass and visitor pass rules continue till date. Making SEEPZ a FTZ meant that it would be treated as outside the customs zone of India. This meant no excise or customs duty will be levied on raw material but companies would also not be able to sell their products in domestic market.[5]

Crimes[edit]

Due to its business importance and high concentration of work force SEEPZ has remained the prime target of criminals and terrorists. A high-profile case occurred in 1999 when diamonds worth INR1000 million (US$16 million) and gold worth INR39000 million (US$630 million) were smuggled out and sold in local market.[6] After the 28 July 2003 Mumbai Bus Bombing major stockpile of explosives was also found near SEEPZ.[7] Women employees working in SEEPZ during the night shifts are entitled transport facility between home and office from their employers.[8]

Notable facts[edit]

Ruins of St. John the Baptist Church in Andheri, built by the Portuguese Jesuits in 1579

Within the premises is located the ruins of an abandoned Portuguese church, St. John the Baptist Church, Mumbai built in 1579.[9] The church also lay in ruins for years and access to it is restricted since SEEPZ was formed. After much political controversy, it was handed back to Fr Rodney Esperance of Bombay Archdiocese in 2003[10] in a ceremony organized by Maharashtra Chief Minister Sushil Kumar Shinde.[11] A lake and several canteens are located inside the SEEPZ premises.

External links[edit]

Official website

See also[edit]

References[edit]

  1. ^ a b SEEPZ profile on Forbes[dead link]
  2. ^ Seepz Sez: Moving Forward Despite Constraints. Accessmylibrary.com (30 June 2004).
  3. ^ SEEPZ news. Idexonline.com.
  4. ^ SEEPZ entry. Idexonline.com.
  5. ^ SEEPZ to become free trade zone. The Indian Express.
  6. ^ Another accused arrested SEEPZ case. The Indian Express.
  7. ^ NSG team arrives in Mumbai. Outlookindia.com.
  8. ^ HC orders SEEPZ to provide transport for women. The Indian Express.
  9. ^ Historic Seepz church still remains a neglected monument. Cybernoon.com.
  10. ^ St. John’s opens for mass. Daily News and Analysis.
  11. ^ CM gives SEEPZ church back to archdiocese. Accessmylibrary.com (29 September 2003).