Explain any five facilities available in the special economic zones developed by the Central and State Governments to attract foreign investment.
Answers
A 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
Answer: Special economic Zones
Explanation:
The special economic zone is one o the type of department which is mainly developed by the state and the central government for the purpose of attract the foreign investments.
The main objective of the special economic Zone is to providing the stable economy environment by promoting the various types of export facilities and also by increase the employment.
There are various types of facilities are available in the SEZs ( Special economic zone) is that it helps in integrate the various types of local companies into the global level, provide the duty free production of the products for the purse of development and also exemption in Income tax.
Therefore, Special Economic Zone providing the given facilities.
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