Question

what are special economic zone? write its characteristics

Answer 1

Special economic zones(SEZs) has been set up by the government with a view to promote free trade and yield higher economic profit or growth. SEZs are being set up by the central and state governments in India to draw foreign companies and convince them to invest in India.

Features of SEZ:

1.They have world class facilities such as roads, transport, storage, electricity, water, recreational and educational.

2.Taxes, for the initial 5 years does not have to be paid.

Answer 2

Answer:

to attract the foreign investment in India the Government of India has set up industries cones which are known as special economic zones

• these own are expected to have world class facility such as electricity water supply road transport storage and education
• company settling up the production units special economic zone are accept it for payment of taxation 5 year
• government has also allowed flexible laws what I fall investment
• to generate addition economic activity
• to again technology in global market
• to increase sharing global export
• p government by near liberal economic laws