Question

What is meaning of SEZ? Mention any two features of SEZ.

Answer 1

Answer:

Special Economic Zones (SEZs) are being set up to have world class facilities such as educational, electricity, water, transport, storage recreational etc.

Features:

1. Production units in SEZs are exempted from taxes for a period of five years initially.
2. Labour laws are more flexible and the rules to protect the worker's rights are ignored.
3. Workers are hired for short periods to overcome the pressure of work.