Question

what is special economic zone ?

Answer 1

A special economic zone (SEZ) is an area in which business and trade laws differ 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
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Answer 2

The Central and State govts of India have come together to take measures to increase foreign investments through Special Economic Zones . SEZs are said to have world class facilities-- water, electricity, roads, transport, storage, recreational and educational facilities. MNCS who invest in SEZs do not have to pay taxes for initial period of 5 years.