what are the steps taken by the government to attract foreign investment
Answers
Question: What are the various ways in which countries can be linked?
Answer: Countries can be linked through the following ways:
By increasing the flow of goods among countries...
By providing tertiary services between countries...
By initiating more Foreign Investments...
By the movement of people from one country to another, in search of better jobs, better income, better education, etc...
Through the communication between countries via the internet...
By promoting tourism...
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Answer:
Foreign investment is the investment made by MNCs in different countries. In recent years the central and state governments are taking special steps to attract foreign companies to invest in India. Some of the steps are as follows: -
Industrial zones called the Special Economic Zones (SEZs) are set up with world class facilities. The companies who set up production units in the SEZs do not have to pay taxes for an initial period of five years.
As companies look to reduce the cost of the production process, the government has offered them to hire labourers flexibly and not for a whole year.