Apiic Ltd & L&T, Keesarapalli
Apiic Ltd & L&T, Keesarapalli is a Technology Park located in Nakkapalli, Visakhapatnam, India, established in 2005, with Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and L&T listed as its governing authority.
Key Facts
| Type | Technology Park |
|---|---|
| Location | Nakkapalli, Visakhapatnam, India |
| Year Established | 2005 |
| Area | 120 hectares |
| Companies | 140 |
| Governing Authority | Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and L&T |
| Status | operational |
Recorded Benefits and Incentives
The zone offers duty-free import and domestic procurement. Benefits include 100% Income Tax exemption on export income for the first 5 years, 50% for the subsequent 5 years, and 50% for another 5 years on ploughed-back profits. Exemptions apply to Central Sales Tax, Service Tax, and State sales tax (now zero-rated under IGST Act, 2017). A single window clearance system facilitates Central and State level approvals.
Verify eligibility and current terms with the zone authority.
Recorded Sector Focus
Apiic Ltd & L&T, Keesarapalli is listed with a sector focus including Technology.
About Apiic Ltd & L&T, Keesarapalli
The Apiic Ltd & L&T, Keesarapalli | Nakkapalli, Visakhapatnam Special Economic Zone (SEZ) is an IT/ITES focused zone located in Nakkapalli, Visakhapatnam, Andhra Pradesh, India. Established as a joint venture between Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and L&T, its primary purpose is to foster economic growth and boost exports in the information technology and IT-enabled services sectors. The zone provides a conducive environment for businesses through various incentives and streamlined regulatory processes.
Frequently Asked Questions
What type of zone is Apiic Ltd & L&T, Keesarapalli?
Apiic Ltd & L&T, Keesarapalli is a Technology Park.
Where is Apiic Ltd & L&T, Keesarapalli located?
Apiic Ltd & L&T, Keesarapalli is located in Nakkapalli, Visakhapatnam, India.
When was Apiic Ltd & L&T, Keesarapalli established?
Apiic Ltd & L&T, Keesarapalli was established in 2005.
Which governing authority is listed for Apiic Ltd & L&T, Keesarapalli?
SEZ Explorer records Andhra Pradesh Industrial Infrastructure Corporation (APIIC) and L&T as the governing authority for Apiic Ltd & L&T, Keesarapalli. Confirm its current jurisdiction and remit with the authority.
Which sectors are listed for Apiic Ltd & L&T, Keesarapalli?
Apiic Ltd & L&T, Keesarapalli is listed with a sector focus including Technology.
Which benefits and incentives are recorded for Apiic Ltd & L&T, Keesarapalli?
SEZ Explorer's current record lists: The zone offers duty-free import and domestic procurement. Benefits include 100% Income Tax exemption on export income for the first 5 years, 50% for the subsequent 5 years, and 50% for another 5 years on ploughed-back profits. Exemptions apply to Central Sales Tax, Service Tax, and State sales tax (now zero-rated under IGST Act, 2017). A single window clearance system facilitates Central and State level approvals. Verify eligibility and current terms with the zone authority.