He adds that the average selling price of the industrial lots is at US$40 per sq mt while those who opted to lease could do so at a cost of US$0.50 per sq mt per month.
To further encourage investors to relocate their operations to the PPSEZ, the developers are also building standard factory lots for long term lease and these are targeted to be leased at US$1.50 per sq mt per month.
All occupants will be required to pay a marginal cost of US$0.06 per sq mt in monthly infrastructure maintenance fee while utilities are charged on as used basis which in any event is lower than that provided by the state owned utilities.
“Our salient point is that we are self contained Special Economic Zone and have carefully thought out all the possible requirements of investors. That’s our key to
success,” Uematsu said.
He elucidated that Special Economic Zones of today are evolving towards large integrated economic communities and are no longer the exclusive domain of industrialized nations. Modern Economic Zones, such as the PPSEZ, are catalysts for reform and a dynamic successful and one which would be well administered and developed to ensure maximum benefit is derived for all parties – the country , the developer, the investors and all those who are associated with it. They are no longer a panacea but a modern day industrial miracle.
