Question

Explain the economic zones in contest of India

Answer 1

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.
The creation of special economic zones by the
host country may be motivated by the des