What are the steps taken by the government to attract foreign investment in india?
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The following are the steps taken by the Indian government to attract foreign investment in India:
I)The government has established SEZ's(Special economic zones)
ii) The companies which establishes their offices in SEZ's don't have to pay taxes for a initial period of 5yrs
iii)The government has allowed flexibility of labour laws for the attraction of foreing investment
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Governments try to attract foreign investment because it helps to create more job opportunities in a country, directly as well as indirectly in service sector. We can gain additional taxes by taxing the profits made by foreign investments.
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