explain any five facilities available in the economic zone
Answers
Answer:
The answer is:
Explanation:
A special economic zone is an area in our country; the business and trade marketing laws are different.
Special economic zone are located in the borders of our country and they aim to increase
Employment
Trade balance
Increased investments
Creation of jobs and
Effective administration.
The SEZ in our country may be motivated to attract foreign direct investments (FDI). the benefits of company gains by SEZ mean it can produce the trades at a lower price and aimed to be globally competitive.
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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