Special economic zones in India have been a topic for discussion for quiet sometime now. At the same time, it has been involved with some or the other developmental activities that have been taking place. The controversy gained intensity after the United Progressive Alliance government of Manmohan Singh, enacted a certain policy that was completely dedicated to this section. This took place back in the year 2005. However, in the past few years we have witnessed significant financial investments and other related concessions that are aimed in establishing these zones for the better. To this effect, there have been several companies contributing majorly with active initiatives and sought the needed sanction from the government to participate in the SEZ development agenda. As a result, massive portions of the land were allotted to numerous brands, organizations and enterprise so that they could set up their units in keeping with the SEZ plan. There have been situations, in which farmers and other agrarian members along with their family members had to let go of their cultivable land, thereby allowing the government-approved zone to be established as a new area. Nevertheless, special economic zones in India had experienced mass participation from numerous global brands from round the glove. There are instance, when reputed brands dealing in engineering consultancy services put their best foot forward to develop these zones. These organizations and enterprises apart from dealing with manufacturing and engineering requirements in segments such as automotive and aerospace, has also contributed significantly in developing the special economic zones in India. An instance that deserves mention here is the first-ever noted Aerospace Precision Engineering and Manufacturing SEZ in Karnataka. The development center stretches over a total territorial expanse of about 300 acres in Belgaum and is aptly equipped for expanding the Aerospace Precision Engineering and Manufacturing supply ecosystem. Exclusive benefits of SEZ comprise of the following:- 1. Sustainable Support at the Special Economic Zone 2. An Eco-friendly, Organic and Sustainable Industrial Environment 3. Consulting facility
4. Incubation facility Leading names in engineering services outsourcing helped to make it possible for investors to attain the benefits of Sez Policy Benefits approved by the Indian Government. The fiscal benefits of SEZ comprise of the following:- Income Tax advantages for units at the SEZ 1. 100% SEZ tax exemption – in a block of 10 years out of 15 years Investments in SEZ also enjoy the following Income Tax Benefits:- 2. 100% Exemption – for first five years 3. 50% Exemption – for next five years Thus, we see that that Special Economic Zones in India have undergone their share of benefits that involved corporate names working for its progress.
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Growth And Expansion of Special Economic Zones in India
Global Computer Hardware Industry – Growth of Different Segments
The impact of global recession on the computer hardware companies is left behind and they are back on the progress track. It seems that the forecasts that were made before recession are going to turn true. Different segments of the computer hardware industry are growing with improvement in their design and functionality and rise in their demand. Not only the big computer hardware manufacturers, but the small and medium sized enterprises too are making big contributions towards the industry growth at a global level. Below you can find few sections that analyze the growth of computer hardware industry segments in different countries. Before that, here is a list of the main segments of the computer hardware industry: Finished goods like computers and laptops. Networking hardware consisting of routers, modems, network cards, network adapters, hubs and switches and other components. Storage hardware ranging from the hard disks to the USB storage devices. Input and output peripherals like keyboard, mouse, scanners, video cards, speakers, headphones, game controllers and so on. System hardware consisting of motherboards, UPS, monitors and other components. Personal Computer Market In 2008, the global PC market generated the revenue of $203. 7 billion that represented the compound annual growth rate of 8 percent from 2004 to 2008. The PC market in China had total worth of $21. 8 billion in 2008 representing the total compound annual growth rate of over 14 percent. The United States PC market generated $50. 6 billion in 2008 showing 3. 8 percent compound annual growth rate. An impressive growth of 42 percent was shown by the PC sales between October and December 2009 in the Indian market. The 52 percent of the desktops sold were contributed by the multinational computer hardware companies and 13 percent by the Indian computer hardware manufacturers. The remaining 35 percent consisted of assembled desktops. Growth of Other Segments From October to December 2009, the Indian computer hardware market witnessed the 70 percent growth of laser printers. The dot matrix printers grew by 13 percent while the inkjet printers grew by 17 percent over the same period in India. The UPS market too recorded the growth rate of 28 percent during the period. In Chin, the total revenue generated from the networking hardware was $4. 8 billion in 2008. For the same year, the network hardware growth in the United States was $23 billion. The total revenue for the global network hardware market in 2008 was $112. 8 billion. Also, the global storage hardware and peripheral market recorded the revenue of $160. 3 billion in 2008. The Future Trends Going by the latest growth rate, the global computer hardware market is expected to attain the worth of $537. 3 billion by 2012. The computer hardware manufacturers have started following the concept of green computer hardware manufacturing and this is further going to add to the profits of the computer hardware companies. The small and medium sized computer hardware manufacturers from the developing countries like India have a great future in the computer hardware components. They along with the major players are going to take the computer hardware industry to a new level in the nearby future.