Land for pharma companies in Mihan Sez at attractive rates

Bengaluru, January 13, 2016: MAHARASHTRA AIRPORT DEVELOPMENT CO. LTD., (MADC), is the Nodal Agency of the Govt. of Maharashtra for developing a MULTI-MODAL INTERNATIONAL PASSENGER & CARGO HUB AIRPORT (MIHAN) and a huge multi-product SPECIAL ECONOMIC ZONe adjoining the existing NAGPUR AIRPORT, which is abutting to the boundary of the airport. Due to development of SEZ & MRO facility at Nagpur, there is a spurt in economic activities in the region will result into increase of passenger & cargo traffic. A taxi way being connected with the runway to the MRO plots. Considering this MADC has planned a new terminal building, Second runway & other supporting infrastructure.

The flagship project of MADC, MIHAN, Nagpur is very strategically located at the geometrical centre of the country and is easily accessible by road, rail and air. This is perhaps the only multi product SEZ which is adjacent to an existing international airport. Nagpur has adequate availability of skilled man-power for the industry with 27 Engineering Colleges that produce about 8500 engineers every year. MIHAN SEZ, which has already become operational, is spread over an area of more than 1382 HA. and boasts off QUALITY INFRASTRUCTURE LIKE 6, 4 AND 3 LANE ROADS; TELECOM SYSTEM USING OPTIC FIBRE CABLE; WATER SUPPLY – BOTH POTABLE AND FOR OTHER USES; STORM WATER DRAINAGE; SEWAGE ETC. A powerplant of 246 MW is ready to supply power to units in MIHAN. CURRENTLY THE POWER IS SUPPLIED TO THE COMPANIES IN MIHAN SEZ AT LESS THAN 5 RS. PER UNIT.

A number of leading IT Companies Like INFOSYS, TCS AND TECH MAHINDRA have started their centres, while IT parks are being developed by large corporates like, Shapoorji Pallonji. Residential complexes are also being developed by developers like MAHINDRA LIFESPACES and MORAJ INFRA on lands allotted by MADC next to the SEZ. CONTAINER CORPORATION OF INDIA LTD (CONCOR) is constructing the MULTI-MODAL LOGISTICS PARK (MMLP) along with the rail terminal on 109 acres of land to connect MIHAN with different ports in the country. Companies like HEXAWARE BPS, TAL AND LUPIN PHARMA have already started their production from MIHAN SEZ, whereas TCS AND AIR INDIA-BOEING has recently started their operations. In the recent developments, INDIAN INSTITUTE OF MANAGEMENT (IIM-N) is going to be to be set up on 142 acres land in Non-SEZ area of MIHAN along with ALL INDIA INSTITUTE OF MEDICAL SCIENCES (AIIMS) on 150 acres.

Following are the INCENTIVES AND FACILITIES OFFERED TO UNITS IN THE SEZ:

· Duty free import/domestic procurement of goods for development, operation and maintenance of SEZ units

· 100% Income Tax exemption on export income for SEZ units for the first 5 years,50% for the next 5 years, thereafter and 50% of the ploughed back export profit for the next 5 years

· External commercial borrowing by SEZ units up to US$500 million in a year without any maturity restriction through recognized banking channels

· Exemption from Central Sales Tax

· Exemption from Service Tax

· Single window clearance for Central and State level approvals

· Exemption from State Sales tax and other levies as extended by the State Government
100% FDI allowed

· Public Utility Service (PUS) status

WE ARE OFFERING LAND FOR PHARMA COMPANIES IN MIHAN SEZ AT ATTRACTIVE RATES. THE CURRENT RATE FOR THE LAND IN SEZ IS 15 MILLION INR PER HECTARE (RS. 1500 PER SQ. METRE/6 MILLION INR PER ACRE) WHICH MAY GET REVISED SHORTLY. MADC also provides READY-TO-WORK FULLY FURNISHED SPACE in the CENTRAL FACILITY BUILDING in MIHAN SEZ where operations can be started immediately. The space is extremely useful for service and exporting companies because of the location and infrastructure benefits provided in MIHAN. Various IT Companies along with the office of Maharashtra Airport Development Company (MADC) and DEVELOPMENT COMMISSIONER are located in Central Facility Building. THE RENT FOR PLUG N PLAY FACILITY WILL BE RS. 35 PER SQ.FT. PER MONTH, WHEREAS THE WARM SHELL FACILITY IS AVAILABLE AT THE RATE OF RS. 33 PER SQ.FT. PER MONTH.

For further details please contact: ATUL R THAKARE, MARKETING MANAGER

MAHARASHTRA AIRPORT DEVELOPMENT CO. LTD. (MADC), Mobile: +91 9960612128

Email: ATULT@MADCINDIA.ORG, WEBSITE: WWW.MADCINDIA.ORG

Corporate Comm India(CCI Newswire)