Apart from MEPZ-SEZ, Govt. of India, Ministry of Commerce and Industry have approved setting up of Special Economic Zone by the Private Developers, Public Sector Undertakings etc. There are 39 Special Economic Zones functioning under the jurisdiction of the Development Commissioner , MEPZ-SEZ.
The Zone was converted into a Special Economic Zone (Multi product) w.e.f.1.1.2003. The added objective of the SEZ is to facilitate exports through reduction of transaction costs. To this effect, the Govt. of India, Department of Commerce, has introduced special features that includes Off shore Banking Units and Container Freight Stations to be set up within the Zone besides liberalized Customs procedures.
The Zone is headed by The Development Commissioner.