Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
Popular Search: empanelment :: due date for vat payment :: articles on VAT and GST in India :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: form 3cd :: ACCOUNTING STANDARD :: cpt :: list of goods taxed at 4% :: VAT RATES :: Central Excise rule to resale the machines to a new company :: ACCOUNTING STANDARDS
« News Headlines »
 Draft Rules for prescribing the method of valuation of fair market value in respect of the trust or the institution-Chapter XII-EB of the Income-tax Act, 1961- reg.
 India is moving towards a flawed GST
 ICAI to organise two-day international conference in Hyderabad
 Here's how to calculate tax payable on your capital gains
 Income Tax calculations for the financial year 2016-17
 CPE Events 17 October - 22 October 2016
 High Court raps I-T Department for wrong tax demand
  CBDT signs 5 advance pricing pacts with Indian taxpayers
 Finance ministry warns tax officials of action against GST protest
 Big changes for small units under GST
 Parliament’s winter session to begin on November 16 to expedite GST rollout

Consultants make hay while sun shines on SEZs
October, 17th 2006

The special economic zone (SEZ) boom has forced major consultancy firms to form a separate vertical to cater to SEZ consultancy needs.

There was a mad rush from SEZ developers to such firms seeking advice on getting approvals when there was a cap on the number of SEZs in the country at 150.

But after the government lifted the cap, the firms are now providing end-to-end solutions to SEZ developers.

From Ernst & Young to PWC and Feedback Ventures, several consultancy firms are betting big time on the Rs 1 lakh crore investment expected to go into SEZs by December 2007. Says Ernst and Young partner Ajit Krishnan: Many developers dont have the organisational ability to think big like Reliance. They also dont have the competence to micro-manage aspects like water, sewage and power.

For consultancy firms, it is challenging to bring the right set of expertise to such projects.

The major work is preparing the master-plan for SEZ projects by including key aspects like cost-efficiency and value-creation. The firms are also competing to woo the big names among the developers.

Besides, leading firms have been roped in by state governments to frame fool-proof and non-controversial land policies. These firms also help developers with the marketing pitch to lure big MNCs to set up shop in SEZs, Krishnan says, adding that his firm has given advice to 81 SEZs regarding obtaining approval and end-to-end consultancy to 15 SEZs.

PricewaterhouseCoopers Pvt Ltd executive director Vivek Mehra says: We have set up region-wise core groups as well as a national central core group to solve all the possible problems of SEZ developers, including the areas of finance, taxation, concept planning, designing of an SEZ and future strategy. The developers have realized that the work does not end with getting government clearance. The focus now is on operationalising SEZs.

We have given advice to many SEZ developers including Nokia, DLF, Dewan group and NIIT, he said.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Application Management Solutions Application Management System Application Management Software System Application Management Development Application Management Software Development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions