Visakhapatnam Special Economic Zone
Visakhapatnam Special Economic Zone is a Special Economic Zone located in Visakhapatnam, India, established in 1989, regulated by the Government of India, Development Commissioner.
Key Facts
| Type | Special Economic Zone |
|---|---|
| Location | Visakhapatnam, India |
| Year Established | 1989 |
| Area | 230 hectares |
| Companies | 527 |
| Governing Authority | Government of India, Development Commissioner |
| Status | active |
Investment Incentives
100% income tax exemption on export income for first five years, 50% for next five years, reduced corporate taxes, exemptions on import duties, GST waivers, 100% foreign direct investment, full and free repatriation of export proceeds
Sector Focus
Visakhapatnam Special Economic Zone hosts businesses specialising in Manufacturing, IT, and Pharmaceuticals.
About Visakhapatnam Special Economic Zone
Visakhapatnam Special Economic Zone (VSEZ), also known as the Andhra Pradesh First Economic Zone, is a central government special economic zone in India. Established in 1989 as VEPZ and later transformed into VSEZ on January 1, 2003, it spans 360 acres in Duvvada, 20 km from Visakhapatnam. The zone is treated as a foreign territory for trade operations, duties, and tariffs, facilitating foreign direct investment and export-oriented growth.
Frequently Asked Questions
What type of zone is Visakhapatnam Special Economic Zone?
Visakhapatnam Special Economic Zone is a Special Economic Zone.
Where is Visakhapatnam Special Economic Zone located?
Visakhapatnam Special Economic Zone is located in Visakhapatnam, India.
When was Visakhapatnam Special Economic Zone established?
Visakhapatnam Special Economic Zone was established in 1989.
Who regulates Visakhapatnam Special Economic Zone?
Visakhapatnam Special Economic Zone is regulated by the Government of India, Development Commissioner.
What sectors operate in Visakhapatnam Special Economic Zone?
Visakhapatnam Special Economic Zone hosts businesses in Manufacturing, IT, and Pharmaceuticals.
What are the investment incentives at Visakhapatnam Special Economic Zone?
100% income tax exemption on export income for first five years, 50% for next five years, reduced corporate taxes, exemptions on import duties, GST waivers, 100% foreign direct investment, full and free repatriation of export proceeds