Question

explain any five facilities available in the economic zone​

Answer 1

Explanation:

special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increased trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation.

The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI).[1][2] The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive.[1][3] In some countries, the zones have been criticized for being little more than labor camps, with workers denied fundamental labor rights.[4

Answer 2

Answer:

A Special Economic Zone (SEZ) is a geographical region which has economic laws more liberal than a nation's economic laws.

Explanation:

The facilities available in SEZs developed by state and central govts. to attract foreign investments are

• Companies are provided with specific incentives and benefits such as income tax exemptions, exemption  from service tax and central tax and tax holidays
• For any foreign investor looking for land to set up a plant, SEZ allots land speedily without any encumbrance, disruption, or litigation
• Foreign Investors can decide to set-up their production facilities for export to other nations or to sell in regional/domestic markets, on the basis of their preference.
• Duty-free import/procurement of goods for operations  and of SEZs units. No License is required for Imports.
• The ease of doing business, along with the availability of dependable and clean water, power, and other resources, together with trained and educated, are available across SEZs