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The Export Oriented Unit (EOU) Scheme, which had been introduced in the early 1980s remains in the forefront of country’s export production schemes. The main objectives of the EOU scheme is to increase exports, earn foreign exchange to the country, transfer of latest technologies stimulate direct foreign investment and to generate additional employment. The scheme has witnessed many changes over the last twenty-four years in the context of ever changing economic realities. However, the basic premise remains the same. This premise is that the exporters are treated as a special class and given the required tariff, non-tariff and policy support to facilitate their export efforts. Thus, today the EOU Scheme has emerged as a dynamic policy initiative facilitating the exporting community in the task of increased exports. The EXIM Policy, 2002-07 reinforces the importance of Scheme in chapter 6 of the policy. Appendix 14 I of the Handbook of procedures (Vol.1) as amended upto 28- 1-2004 sets out the procedures and benefits of this scheme.
The 100% EOUs fall into 3 categories:
(a) EOUs established anywhere in India and exporting 100% products except certain fixed percentage of sales in the Domestic Tariff Area (DTA) as may be permissible under the Policy.
(b) Units in Free Trade Zones in Special Economic Zones (SEZs) and exporting 100% of their products.
(c) EOUs set up in Software Technology Parks (STPs) and Electronic Hardware Technology Parks (EHTPs) of India for development of Software & Electronic Hardware.
Major Sectors in EOUsare:
Granite
Textiles / Garments
Food Processing
Chemicals
Computer Software
Coffee
Pharmaceuticals
Gem & Jewellery
Engineering Goods
Electrical & Electronics
Aqua & Pearl Culture
To set up an EOU for the following sectors, an EOU owner needs a special license. EOUs can be set up anywhere in the country and may be engaged in the manufacture and production of software, floriculture, horticulture, agriculture, aquaculture, animal husbandry, pisciculture, poultry and sericulture or other similar activities. Apart from local zonal office and state government, setting up of an EOU is also strictly guided by the environmental rules and regulations.
Please choose a project below related to this category.
Iodised Salt Manufacturing Plant, Detailed Project Report, Profile, Business Plan, Industry Trends, Market Research, Survey, Manufacturing Process, M...
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Production of Herbal Body Care Beauty Products. Herbal Personal Care Products Manufacturing Project. Herbal Cosmetics. Herbal Skin Care Products. (He...
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Hair Dye & Colourants. Hair Color Manufacturing with Formula. Hair Colour Production Plant Hair dye is one of the oldest known beauty preparations...
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Production of Fruit Pulp. Mango Pulp, Guava Pulp, Pomegranate Pulp, Papaya Pulp Manufacturing Project. Fruit Processing Plant. Pulp can either me...
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Fruit Juice Factory. How to Manufacture Fruit Juice. Aseptic Packaging and Processing of Fruit Juice Fruit juice is 100% pure juice made from the...
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Fruit Juice (Apple, Plum and Peach) Processing Plant. Fruit Juice Factory & Production. Profitable Business Idea Apple is one of the oldest fruit...
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Polianthes tuberosa, is commonly known as Rajanigandha in India due to its night blooming fragrant flowers. It is small bulbous herb reaching upto hei...
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Disposable Baby Diaper Manufacturing Project. Baby Diaper Production. Disposable Nappies/Diapers Manufacturing Business. Disposable diapers are a...
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How to Start Personal Care Products Manufacturing Industry. Cosmetics Manufacturing Unit (Perfume Gel, Nail Polish Remover Liquid, Hair Gel, Face Wash...
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Cardboard boxes are industrially prefabricated boxes, primarily used for packaging goods and materials. Specialists in industry seldom use the term ca...
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Caramel is a medium to dark-brown confectionery product made by heating a variety of sugars. It can be used as a flavoring in puddings and desserts, a...
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Bread is a staple foodstuff, which is made and eaten in most countries around the world. Bread products have evolved to take many forms, each based on...
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