What is meaning of SEZ? Mention any two features of SEZ.
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Answer:
Special Economic Zones (SEZs) are being set up to have world class facilities such as educational, electricity, water, transport, storage recreational etc.
Features:
- Production units in SEZs are exempted from taxes for a period of five years initially.
- Labour laws are more flexible and the rules to protect the worker's rights are ignored.
- Workers are hired for short periods to overcome the pressure of work.
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