SEZ/STP Operation and Maintenance Services in Mumbai, Maharashtra

In the emerging global economy, Information Technology is the largest, fastest growing and most profitable industry across the globe. Software Technology Parks of India (STPI) is a society established in 1991 by the Indian Ministry of Communications & Information Technology, with the sole objective of encouraging, promoting & boosting the export of software from India. The Software Technology Park Scheme (under The Ministry of Communication and Information Technology, Govt. of India) is a 100% Export Oriented Scheme for undertaking Software Development/IT enabled services for Export using Data Communication links or in the form of physical exports including export of professional services for rendering consultancy services and development of software. STP Consultants like Softex Consultancy Services undertakes the registration of unit under STP Scheme. 

A special economic zone (SEZ) refers to designated areas in countries with special economic regulations that differ from other areas in the same country. These regulations tend to contain measures that are conducive to foreign direct investment. Conducting business in a SEZ usually means a company receives tax incentives and the opportunity to pay lower tariffs. There are several incentives and facilities offered to the units in SEZs, for example 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 under Section 10AA of the Income Tax Act for first 5 years, 50% for next 5 years thereafter and 50% of the ploughed back export profit for next 5 years, External commercial borrowing by SEZ unit’s upto US $ 500 million in a year without any maturity restriction through recognised banking channels etc. SEZ Consultants like Softex Consultancy Services undertakes the the registration of unit under SEZ Scheme.