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Eldeco MIDC Growth City

Eldeco MIDC Growth City

Eldeco Infrastructure and Properties Ltd. (EIPL), and Maharashtra Industrial Development Corporation (MIDC) are proud to present the ultra modern multi-product Special Economic Zone (SEZ) - Eldeco MIDC Growth City at Amravati, Maharashtra. Given it's strategic location on NH-6, it's size - 2500 acres approx and world class infrastructure, Eldeco MIDC Growth City (EMGC) is slated to emerge as the epi centre of industrial growth in Maharashtra.

Eldeco MIDC Growth City is being developed on the Build-Own-Operate-Transfer (BOOT) by Eldeco MIDC SEZ Ltd. On Public Private Partnership (PPP) basis.

  • Location:Amravati, Maharashtra
  • Project Type: Multi Product SEZ
*On Down Payment Plan

Features

Key features

  • Land already acquired and in possession of M1DC since 1995. No Resettlement & Rehabilitation (R&R) issues unlike most other Multi-Product SEZs in the country

  • Formal approval granted by the Govt. of India with notification done

  • Prime location on National Highway No. 6 connecting Nagpur and Mumbai

  • Best of Public Private Partnership: Emphasis on quality and delivery of infrastructure with pro-active government support

  • Ample availability of water through pipelines from Wardha Dam

  • Proposed private power plant in the vicinity of SEZ area. Proposed captive power plant within the SEZ

  • Most competitive price bracket for developed Industrial land

  • Provision of value added services apart from basic development like Common Effluent Treatment Plant (CETP), Logistic Terminal, Warehousing, Hotel, and Business Hub etc.

*On Down Payment Plan
Major Incentives To Units Within The SEZ

  • 100% income tax exemption for a block of five years, 50% tax exemption for next five years and 50% of the ploughed back export profit for the next five years thereafter

  • 100% FDI through automatic route

  • ECB (External Commercial Borrowing) by SEZ units up to US$500 million in a year

  • No cap on foreign investment for small-scale sector reserved items

  • No license requirement for items reserved for the SSI sector

  • No import license requirements

  • Exemption from customs duties on import of capital goods, raw materials, consumables, spares etc.

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