Economy
Sanand is part of the dedicated Viramgam Special Investment Region of Gujarat.
Located near the city of Ahmedabad, Sanand is about 70 kilometers (40 miles) from a recently rebuilt international airport. Sanand is linked to Ahmedabad and Kutch by state highway 17. The state highway 17 joins India's National Highway 8, part of the recently completed 4-lane Golden Quadrilateral highway linking Sanand to many of the major industrial, economic and cultural regions of India. Sanand is connected by a modern highway to Mundra Port, a fully operational and one of the fastest growing, recently expanded sea ports in southeast Asia. Sanand is about 350 kilometers (220 miles) from Mundra port. Sanand is also close to the proposed Dholera port and international airport. Once approved and built, Dholera will provide Sanand with a secondary and competing means of air, ocean and road logistics, both within India and to global markets.
In addition to modern highways, Sanand-Viramgam has an operational broad gauge railway network connecting it to major industrial centers located in Gujarat.
Sanand has become one of the booming entrepreneurial centers in India. Like industrial hubs in the developed countries and export centers in China, Sanand offers the following competitive incentives to companies seeking to set up operations within Sanand region:
- Income Tax Incentives
- 10 year corporate tax holiday on export profit – 100% for initial 5 years and 50% for the next 5 years
- Exemption from dividend distribution tax
- Indirect Tax Incentives
- Zero customs duty
- Zero excise duty
- Exemption from central sales tax
- Exemption from service tax
Sanand has recently attracted commitments of billions of US dollars in investments from some of world's largest companies. Some of these companies have already started producing and shipping products, while others have announced facility completion and product shipment within the next 1–3 years. Some examples include:
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