Surat Special Economic Zone

What Surat Special Economic Zone does

Surat Special Economic Zone (SuRSEZ) is a multi-product private-sector Special Economic Zone located at Sachin, Surat, Gujarat, India, operational since 2000 as one of India's first private-sector SEZs. It is developed and operated by Diamond & Gem Development Corporation Limited (DGDC), whose core product portfolio includes SuRSEZ, Surat Hira Bourse (a Customs Clearance Centre handling over 50% of India's international diamond trade and declared a Port of Export), Inland Container Depot (a dry port at Sachin handling 200+ containers per month since 1996), Haldwani Gem Park (an 11-acre industrial park in Uttarakhand for synthetic gemstone processing), Jaipur Gemstone Exchange (government-authorized custodian for precious cargo customs clearance), International Trading Division (covering Africa, Latin America, Russia, and Indonesia), and a Mining Consultancy Division. The zone targets non-polluting, export-oriented industries including gems & jewellery, textiles and garments, pharmaceuticals, engineering goods, IT hardware, and chemicals.

SuRSEZ provides developed plots, ready-built units, customs-cleared logistics infrastructure, and access to fiscal incentives under the SEZ Act 2005 — including 100% Foreign Direct Investment allowance, 15-year corporate tax holidays (100% for first 5 years, 50% for next 5), duty-free import of capital goods and raw materials, and self-certification for import/export transactions. Its distribution footprint spans offices and facilities in Surat, Mumbai (Nariman Point corporate HQ of DGDC), Navi Mumbai, Jaipur, Haldwani, and Dar es Salaam, Tanzania.

The revenue model combines one-time plot and unit allotment receipts, recurring application and processing fees (Letter of Earmarking, Letter of Approval), and managed infrastructure services (water, power, roads, drainage, sewerage, utilities) to in-zone units. Customer acquisition runs through direct enterprise engagement via the Marketing and Customer Relations Departments, with informational distribution via the official website, brochures, and trade show presence (e.g., IPMA Expo). Operational cadence is sustained through quarterly Approval Committee meetings under the Office of the Development Commissioner.

Name

Surat Special Economic Zone

Legal name

Diamond & Gem Development Corporation Limited

Website

https://sursez.com

Company type

Private

Founded year

2000

Operating status

Operating

Headcount range

11–50 employees

Short description

Surat Special Economic Zone operates India's first private-sector multi-product SEZ, providing developed plots, customs infrastructure, and tax benefits to export-oriented manufacturers in gems & jewellery, textiles, pharmaceuticals, and engineering sectors under parent DGDC.

Ownership category

akta.pro rank

Product category

Special Economic Zone Infrastructure & Industrial Park Operations

NAICS

Transportation and Warehousing (48-49)

akta.pro primary industry

Foreign-Trade Zones (FTZ) & Freeport Warehousing (TLALAGAB)

akta.pro secondary industries

Bonded Warehouses (Customs-Bonded Storage Facilities) (TLALAGAA), Customs Bonded Distribution Centers (In-Bond DCs) (TLALAGAC), Bonded Container Yards & In-Bond Depot Storage (TLALAGAE), Customs Examination, Inspection & Quarantine (CE/CSI) Facilities (TLALAGAJ), Bonded Hazmat & Controlled Goods Storage (TLALAGAH)

Keywords

• Special economic zone
• Export-oriented manufacturing
• Customs clearance services
• Duty-free industrial enclave
• Industrial park infrastructure

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices7 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Supply Chain, Marketing or Sales

Revenue model

1. Plot and Unit Lease/Allotment: Revenue generated from allotment of plots and ready-built units to entrepreneurs in the SEZ. Companies pay consideration for land or constructed units within the zone.
2. Application and Processing Fees: Fees collected for processing applications, Letter of Earmarking, Letter of Approval, and other administrative services provided to unit holders.
3. Infrastructure Services: Revenue from providing infrastructure facilities including water, power, roads, drainage, sewerage, and other utilities to zone units.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Surat Special Economic Zone operates a multi-product, private-sector Special Economic Zone that allots developed plots and ready-built units to export-oriented, non-polluting manufacturers and service companies. It bundles the allotment with on-site shared infrastructure (utilities, roads, drainage), an Inland Container Depot for containerized cargo, and dedicated customs clearance centers handling gems, jewellery, and colored gemstones. The zone is positioned as a duty-free enclave with tax incentives, customs exemptions, and single-window regulatory facilitation for investors.

Product overview

Surat Special Economic Zone (SuRSEZ) is the main strategic business unit of Diamond and Gem Development Corporation Limited (DGDC), operating since 2000. It is one of India's first private sector SEZs, offering a multi-product zone for non-polluting, export-oriented industries. The broader DGDC portfolio includes Surat Hira Bourse (customs clearance for diamonds and jewellery), Haldwani Gem Park (industrial park), International Trading Division (global trade operations), Jaipur Gemstone Exchange (precious cargo customs clearance), Mining Consultancy Division (geological/mining services), and Inland Container Depot (dry port services).

Differentiator

Problem solved

Functional benefit

Products and services

• Surat Special Economic Zone (SuRSEZ) A multi-product Special Economic Zone at Sachin, Surat (Gujarat), operational since 2000. It allots developed plots and ready-built units to export-oriented, non-polluting manufacturers and service companies across textiles and garments, gems and jewellery, pharmaceuticals, engineering goods, IT hardware, and chemicals, with shared utilities, customs facilitation, and SEZ Act 2005 tax benefits.
• Surat Hira Bourse (SHB) A Customs Clearance Centre serving the Gems & Jewellery sector, handling over 50% of India's international diamond trade with transaction value of nearly US$6 billion in 2007-08. Declared a Port of Export by the Union Ministry of Commerce for gold, platinum, silver, and diamond-studded jewellery.
• Inland Container Depot (ICD), Sachin A dry port facility at GIDC Sachin, Surat, providing containerized import and export services for manufacturers and traders, with on-site customs facilities, container handling, and storage, processing more than 200 containers per month.
• Jaipur Gemstone Exchange (JGE) The only Government of India authorized custodian for customs clearance of import and export of precious cargo at the Air Cargo Complex, Jaipur, appointed by the Commissioner of Customs. It offers clearance, strong rooms, custom services, and security infrastructure at Diggie House and Jaipur Airport.
• Haldwani Gem Park (HGP) An 11-acre industrial park near Nainital in Uttarakhand providing facilities for cutting and polishing of synthetic gemstones and housing non-polluting industries, with modern infrastructure and residential amenities.
• International Trading Division DGDC's international trading operations covering Africa (Tanzania, South Africa, Angola), Latin America (Brazil, Venezuela), Russia, and Indonesia. Handles trading in diamonds, colored stones, copper mining, and development of SEZs and free trade zones abroad.
• Mining Consultancy Division Professional mining and geological consultancy serving domestic and international diamond and gemstone mining industries, staffed by Geologists and Mining Engineers. Services cover exploration, mining, trading of rough diamonds and colored stones, and trading of gold and copper.

Quantifiable outcome

• Surat Hira Bourse handles over 50% of India's international diamond trade
• +3 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Four partnerships are on record, tiered core and minor.

• Ministry of Commerce - Govt. of IndiacoreOthersSuRSEZ operates under the Ministry of Commerce, Government of India, governed by SEZ Act 2005 and SEZ Rules 2006. The ministry provides incentives and benefits including customs duty exemptions and income tax holidays.
• Office of Development Commissioner, Surat SEZcoreOthersGovernment authority overseeing SEZ operations, issuing Letters of Approval, and acting as single window facility for investors' needs. Led by Development Commissioner Shri Abhimaniu Sharma.
• Central Bank of IndiaminorOthersApplication fees for SEZ approval must be paid via Demand Draft from Central Bank of India, payable at Gandhidham branch.
• DGDC (Diamond & Gem Development Corporation Limited)coreOthersDGDC is the promoter and developer of SuRSEZ. It is a private sector organization that has been operating since year 2000. SuRSEZ is the main strategic business unit of DGDC.

Scale indicators8 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Adani Group (Mundra SEZ & related SEZs): Operates large private SEZs anchored around Mundra port in Gujarat with integrated port, container handling, and multi-product zone infrastructure. It is a direct competitor for export-oriented tenants and a comparable large-scale private SEZ operator.
• Reliance Industries (Jamnagar SEZ / DAHEJ SEZ): Operates major private-sector SEZs in Gujarat (Jamnagar, Dahej) anchored by petrochemical and refining complexes. While sector-focused, it is a comparable large private SEZ operator in the same state leveraging the SEZ Act framework.
• Tata (multiple SEZs including Tata Steel SEZ): Operates multiple private SEZs across India (steel, IT, manufacturing). Comparable to SuRSEZ as a large private-sector SEZ operator leveraging the SEZ Act framework for export tenants.

Direct peers

• ESR Group (India operations): Asia-Pacific focused industrial and logistics real estate developer with growing India presence in warehousing and SEZ-adjacent parks. It is a comparable private-sector infrastructure landlord serving manufacturing/export tenants.
• Hiranandani Industrial / Business Parks: Develops industrial and business parks in India including FTZ-adjacent facilities. Competes with SuRSEZ for export-oriented manufacturing tenants seeking plug-and-play industrial infrastructure.
• Mahindra World City (Mahindra Lifespace Developers): Develops and operates multi-product SEZs and industrial clusters across India (Chennai, Jaipur, Ahmedabad) targeting export-oriented manufacturing tenants. It is a closely comparable private-sector industrial zone developer.
• Gujarat International Finance Tec-City (GIFT City): India's first operational IFSC and a major Gujarat-based multi-services SEZ developed by a government-led consortium. It competes with SuRSEZ for export-oriented and financial services tenants in Gujarat and offers comparable SEZ Act-based fiscal incentives.
• IndoSpace (Industrial / Logistics Parks): India's largest developer of Grade A industrial and logistics parks with a focus on warehousing, in-bond, and FTZ-adjacent facilities. It overlaps SuRSEZ in serving export manufacturers and providing bonded/customs-ready infrastructure.
• Bharat Diamond Bourse: The world's largest diamond bourse located in Mumbai, providing trading and customs infrastructure for India's diamond industry. It competes with Surat Hira Bourse for diamond trade flow and serves an overlapping tenant base.

Regional players

• VAPI Industrial Estate / GIDC (Gujarat Industrial Development Corporation): State-owned Gujarat industrial development authority operating large industrial estates near SuRSEZ's catchment. Competes for export manufacturers and offers comparable plug-and-play infrastructure outside SEZ-specific tax benefits.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/profile.php
• LinkedInlinkedin.com/company/surat-special-economic-zone

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Surat Special Economic Zone