State any 3 steps taken by the government to attract foreign investment
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Government attracts foreign investment in the followings ways
(i) Special Economic Zones have been set up to have world-class facilities such as cheap electricity, roads, transport, storage, etc.
(ii) The companies set up their units in SEZs which are exempted to pay tax for initial period of five years.
(iii) Labour laws are made flexible.
(iv) Instead of hiring workers on a regular basis, companies hire workers flexibly for short period when there is intense pressure of work.
(i) Special Economic Zones have been set up to have world-class facilities such as cheap electricity, roads, transport, storage, etc.
(ii) The companies set up their units in SEZs which are exempted to pay tax for initial period of five years.
(iii) Labour laws are made flexible.
(iv) Instead of hiring workers on a regular basis, companies hire workers flexibly for short period when there is intense pressure of work.
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4
Hello @noahSheril! Here is your answer:
1. Flexibility in labour laws
2. Establishment of SEZs (Special Economic Zones) that has world-class facilities such as electricity, water, roads, transport etc.
3. Allowing the foreign companies to be tax-free for the first 5 years.
1. Flexibility in labour laws
2. Establishment of SEZs (Special Economic Zones) that has world-class facilities such as electricity, water, roads, transport etc.
3. Allowing the foreign companies to be tax-free for the first 5 years.
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