19. What special benefit is offered to the companies setting up their production units in the Special Economic Zones (SEZs)?
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Industrial zones, called Special Economic Zones (SEZs), are being set up. Companies who set up production units in the SEZs do not have to pay taxes for an initial period of five years.
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In recent years, the central and state governments in India are taking special steps to attract foreign companies to invest in India. Industrial zones, called Special Economic Zones (SEZs), are being set up. Companies who set up production units in the SEZs do not have to pay taxes for an initial period of five years.
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