13 Nov 2017
INDIA: New Wave of Incentives Target Maharashtra SEZ Investors
Stamp duty and registration fee exemptions are now on offer to developers, promoters and businesses associated with any of the Special Economic Zones (SEZs) in Maharashtra, one of the states in the west of the country. The incentives apply to all first sale deeds or lease agreements signed between land owners and SEZ developers / industrial units and will be effective from the date the relevant SEZ was first approved. Initially offered for a five-year period, two further five-year extensions may subsequently be negotiated.
Incentives relating to the development of Maharashtra’s SEZs were first offered in 2007, with the benefits now being renewed for an extended period in a bid to secure additional investment. The move is also intended to incentivise existing SEZs into scaling up their operations and attracting further investment