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Class 10 > What are Special Economic Zones? Why have they been...
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What are Special Economic Zones? Why have they been set up?

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SEZs are special economic zones where world class facilities like water, electricity, roads and transport, recreation, education are available. They have been set up to promote foreign companies to invest in India.Companies with production units in the SEZs do not have to pay taxes for the initial period...
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SEZs are special economic zones where world class facilities like water, electricity, roads and transport, recreation, education are available. They have been set up to promote foreign companies to invest in India.Companies with production units in the SEZs do not have to pay taxes for the initial period of 5 years. read less
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SEZ or special economic zones are export processing zones which have quality infrastructure complemented with minimum possible regulations. Companies which set up production units in the SEZs do not have to pay taxes for an initial period of five years.
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SEZs are special economic zones where world class facilities like water, electricity, roads and transport, recreation, education are available. They have been set up to promote foreign companies to invest in India.Companies with production units in the SEZs do not have to pay taxes for the initial period...
read more
SEZs are special economic zones where world class facilities like water, electricity, roads and transport, recreation, education are available. They have been set up to promote foreign companies to invest in India.Companies with production units in the SEZs do not have to pay taxes for the initial period of 5 years. read less
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SEZs are special economic zones where world class facilities like water, electricity, roads and transport, recreation, education are available. They have been set up to promote foreign companies to invest in India.Companies with production units in the SEZs do not have to pay taxes for the initial period...
read more
SEZs are special economic zones where world class facilities like water, electricity, roads and transport, recreation, education are available. They have been set up to promote foreign companies to invest in India.Companies with production units in the SEZs do not have to pay taxes for the initial period of 5 years. read less
Comments
Dislike Bookmark

Tutor

SEZs are special economic zones where world class facilities like water, electricity, roads and transport, recreation, education are available. They have been set up to promote foreign companies to invest in India.Companies with production units in the SEZs do not have to pay taxes for the initial period...
read more
SEZs are special economic zones where world class facilities like water, electricity, roads and transport, recreation, education are available. They have been set up to promote foreign companies to invest in India.Companies with production units in the SEZs do not have to pay taxes for the initial period of 5 years. read less
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Dislike Bookmark

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A special economic zone (SEZ) is an area in which business and trade laws are different from rest of the country. SEZs are located within a country's national borders, and their aims include: increased trade, increased investment, job creation and effective administration. To encourage businesses to...
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A special economic zone (SEZ) is an area in which business and trade laws are different from rest of the country. SEZs are located within a country's national borders, and their aims include: increased trade, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically regard investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing in a zone they are granted a period of lower taxation. A special economic zone aims at :-To attract foreign direct investment (FDI)The companies which fall under the special economic zone are able to manufacture and trade goods at lower prices so that to make them globally more competitive read less
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Special Economic Zone(SEZ) is a geographical area that enjoys special privileges as compared with a non-SEZ area in the country. SEZ is based on Chinese model. The purpose of an SEZ is to encourage exports and to attract investments (FDI and Indian)Now, let us look at how a special economic zone...
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Special Economic Zone(SEZ) is a geographical area that enjoys special privileges as compared with a non-SEZ area in the country. SEZ is based on Chinese model.The purpose of an SEZ is to encourage exports and to attract investments (FDI and Indian)Now, let us look at how a special economic zone serves the purpose.Cost of production comes down in an SEZ : SEZs are considered as entities outside the customs territory i.e., they are deemed as foreign territories for the purpose of trade, duties and tariffs. They are free from plethora of rules and regulations such as exemption from labour laws. At the same time they can import raw material and capital goods without duty. So, the cost of production is less and thus SEZs are vehicles of export growth. TILL NOW INDIA HAS 436 SEZ, karnataka,maharasthra,telengana,andhra has highest.. Hope it helps... read less
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