Chinese investments in SEZ in India

By Ravi Singhania and Dipak Rao, Singhania & Partners

Chinese companies have shown significant interest to invest in the special economic zones (SEZs) in India in a wide range of sectors. Memorandums of Understanding (MoUs) have been signed between Indian state government agencies and Chinese investors such as Beiqi Foton Motors for setting up an auto industrial park in Pune, Maharashtra; China Development Bank Corporation (CDB) and China Small and Medium Enterprises (Chengdu) Investment Limited (CSME) for setting up a multi-purpose Chinese industrial park in Gujarat; Dalian Wanda Group and China Fortune Land Development (CFLD) Co. Ltd. for development of an integrated entertainment park-cum-industrial township and industrial park in Haryana.

The special economic zones (SEZs) in India are offering attractive incentives to foreign investors. SEZs are governed under the following pieces of legislation: Special Economic Zone Act, 2005 (SEZ Act); and Special Economic Zone Rules, February 2006 (under the SEZ Act).

A photo of Ravi Singhania who is featured in an article about chinese investments in SEZs in India
Managing Partner
Singhania & Partners

An SEZ may be established under the SEZ Act, 2005, by the central or state government of India either individually or jointly with an individual or by an individual, whether resident in India or outside India, or by any other person including a company whether resident in India or outside India.

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Ravi Singhania is the managing partner and Dipak Rao is a senior partner at Singhania & Partners

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