The Jharkhand Special Economic Zone (SEZ) Policy 2024 is designed to position the state as a global hub for investment, innovation, and export-driven industrial growth by establishing world-class SEZs. This policy aims to create a competitive business environment that attracts foreign direct investment (FDI), boosts exports, and optimizes the use of local resources.
Targeting key sectors such as IT/ITES, biotechnology, electronics, automobiles, food processing, pharmaceuticals, and tourism, the SEZ Policy provides exceptional infrastructure, a streamlined business environment, and attractive incentives to draw both domestic and international investors.
By 2030, Jharkhand aims to be globally recognized for its leadership in SEZ development, hosting a diverse range of SEZs tailored to various industries. The state strives to become:
Jharkhand will focus on the development of SEZs in the following priority sectors:
To accelerate industrial growth and attract investment, Jharkhand will establish SEZs in key locations, leveraging geographic advantages, infrastructure development, and industrial corridors. Key SEZ initiatives include:
Jharkhand will implement a set of measures to minimize bureaucratic hurdles for businesses operating within SEZs:
To make Jharkhand’s SEZs more attractive to developers, co-developers, and units, the state offers a wide array of financial and non-financial incentives designed to enhance ease of doing business and boost competitiveness. These incentives are aimed at fostering industrial growth and attracting global investors:
Incentive Name | Details | Benefit |
Stamp Duty and Registration Fee Exemption | 100% exemption on stamp duty and registration fees on land transfers, lease agreements, and loans executed by SEZ developers and units. | Reduces upfront costs, making land acquisition and development financially viable. |
VAT & Entry Tax Exemption | 100% VAT exemption on sales transactions within SEZs. 100% Entry Tax exemption on imported goods for production or services related to exports. | Lowers operating costs and makes SEZ products more competitive globally. |
Electricity Duty Exemption | 100% exemption from electricity duty for power consumption within SEZs. | Encourages cost-efficient operations by reducing utility expenses. |
SGST Reimbursement | 100% reimbursement of State Goods and Services Tax (SGST) for goods and services exported from SEZs. | Ensures tax benefits and cash flow relief for export-oriented units. |
Zero-Rated Export Duties | Zero-rated export duties for goods exported from SEZs under EXIM policies. | Encourages international trade by eliminating export taxes. |
Capital Investment Subsidies | 50% subsidy for infrastructure development, including R&D centers, logistics hubs, and technology zones. | Encourages investment in high-tech industries and infrastructure development. |
Interest Subsidy on Loans | 5% interest subsidy on loans taken by SEZ developers and units for setting up production and R&D facilities. | Lowers borrowing costs and stimulates capital investment for new SEZ projects. |
Land Lease at Concessional Rates | Government land for SEZ developers will be provided at concessional lease rates for up to 99 years. | Encourages large-scale development by lowering land acquisition costs. |
Environmental Infrastructure Grants | Up to ₹10 crores in grants for setting up green infrastructure like solar power, water recycling, and energy-efficient buildings in SEZs. | Promotes environmentally friendly practices and attracts sustainability-focused companies. |
100% Income Tax Exemption | 100% exemption from income tax on profits for the first 5 years, followed by 50% exemption for the next 5 years. | Offers significant financial savings, encouraging businesses to invest and grow within SEZs. |
Freight and Transport Subsidies | 50% subsidy on freight charges for transporting raw materials and finished goods from SEZs to ports or other markets. | Lowers logistics costs and enhances export competitiveness. |
Innovation & Technology Upgradation Grants | 50% subsidy on the adoption of advanced manufacturing technologies like AI, automation, and IoT in SEZ units. | Encourages the use of cutting-edge technology and innovation in SEZ industries. |
Training and Skill Development Support | 50% subsidy on the cost of setting up training centers and skill development programs for employees of SEZ units. | Ensures a steady supply of skilled workers, making the SEZs more attractive to high-tech industries. |
Export-Linked Financial Incentives | Performance-based financial incentives linked to export volumes, with direct grants for exceeding set export targets. | Motivates SEZ units to increase exports by providing additional financial support for successful exporters. |
Patent Filing Support | 75% reimbursement of costs associated with patent filings for innovations developed within SEZs. | Encourages R&D and intellectual property protection, boosting innovation and competitiveness. |
IT Infrastructure Support | 50% subsidy on setting up IT infrastructure, including high-speed internet and cloud services within SEZs. | Supports the development of advanced IT infrastructure, crucial for attracting global IT and service industries. |
Export Insurance Premium Reimbursement | 50% reimbursement of export insurance premiums paid by SEZ units. | Reduces the risk for exporters, encouraging more international trade. |
Special Zoning for MSMEs | Dedicated MSME zones within SEZs with reduced lease rates, simplified registration, and tailored financial incentives. | Encourages the participation of small and medium enterprises (SMEs) in SEZ activities. |
Foreign Investor Incentives | Special visa assistance, fast-track approvals, and customized tax benefits for foreign investors setting up units in Jharkhand SEZs. | Attracts global investors by offering exclusive benefits and streamlined processes. |
Utility Subsidy for Manufacturing Units | 30% subsidy on the installation and use of water treatment facilities, waste management systems, and energy-efficient equipment. | Encourages manufacturers to adopt sustainable practices and reduce environmental impact. |
Jharkhand’s SEZ Policy presents a comprehensive and competitive set of incentives aimed at establishing the state as the top destination for global investors, industrial growth, and export-driven expansion. By minimizing costs, streamlining processes, and providing world-class infrastructure, the state seeks to turn its SEZs into global hubs of excellence, attracting leading industries and companies from around the world.
Jharkhand encourages developers, entrepreneurs, and international businesses to seize these opportunities and contribute to the state’s growth as it leads the way in SEZ development and economic transformation by 2030.
The Jharkhand Special Economic Zone (SEZ) Policy 2024 is crafted to attract leading global investors and skilled professionals, transforming SEZs into dynamic communities, not just industrial hubs. The policy focuses on developing SEZs with world-class infrastructure, utilities, and lifestyle amenities designed to appeal to both domestic and international talent, including expatriates from Japan, China, the Middle East, Europe, and the Americas.
Jharkhand will ensure that SEZs offer a comprehensive living and working environment, featuring luxury residential complexes, community parks, restaurants, and food zones, fostering a vibrant and balanced lifestyle for all residents and professionals.
Jharkhand’s SEZs are built to drive industrial growth while creating dynamic, livable communities that attract global talent and investment. With world-class infrastructure, green spaces, luxury living, and a perfect work-life balance, these SEZs will become the top choice for businesses and professionals worldwide.
Jharkhand invites international investors, business leaders, and expatriate professionals to join in this transformative journey, helping to create a globally competitive ecosystem that will shape the future of industrial development and urban living in India.
The Jharkhand Special Economic Zone (SEZ) Policy 2024 is dedicated to creating a comprehensive living environment that meets the needs of international skilled workers and their families. With a focus on top-tier educational facilities, recreational spaces, and cultural integration, the policy aims to attract expatriates from countries like Japan, China, Vietnam, Malaysia, the Middle East, and America. Special emphasis is placed on ensuring the well-being of expatriate children, providing a supportive environment that nurtures their education, growth, and cultural adaptability.
SEZs will be designed with family-friendly community parks and green spaces, providing recreational activities for children from various cultural backgrounds.
SEZs will prioritize the establishment of international schools and childcare facilities, offering expatriate families access to world-class education for their children. This will ensure a comfortable and supportive environment, where families can feel at home and children receive the best possible learning opportunities.
SEZs will provide high-quality childcare facilities and early learning centers that cater to the needs of working expatriate families, ensuring young children have access to nurturing, engaging, and culturally enriching environments.
SEZ food zones will feature family-friendly restaurants and dining spaces, where children can enjoy familiar meals from their home cultures while exploring new and diverse flavors from around the world.
SEZs will offer a wide range of recreational zones and activities tailored to expatriate children, providing access to leisure experiences that are both culturally familiar and developmentally enriching.
Jharkhand’s SEZs are thoughtfully designed to be inclusive, family-oriented communities that meet the needs of expatriate families from Japan, China, Vietnam, Malaysia, the Middle East, and America. Featuring top-tier educational institutions, cultural integration initiatives, and ample recreational spaces, these SEZs will provide an environment where children can excel academically and socially while staying connected to their cultural heritage.
By prioritizing the well-being and development of expatriate children, Jharkhand seeks to attract and retain top global talent, establishing the state as a prime destination for foreign investment and skilled professionals.