Question

what is reason behind SEZ throw some light main future of SEZ

Answer 1

special economic zone (SEZ) is an area in which business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include: increased trade, increased investment, job creation and effective administration.

To encourage businesses to set up in the zone, financial policies are introduced.

These policies typically regard investing, taxation, trading, quotas, customsand labour regulations.

Additionally, companies may be offered tax holidays, where upon establishing in a zone they are granted a period of lower taxation.

The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment