. What is the basic idea of expanding special Economic Zones in India?
Answers
Explanation:
SEZs in India were announced by the government in March 2000. To provide a stable economic environment for the promotion of Export-import of goods in a quick, efficient and hassle-free manner, Government of India enacted the SEZ Act, which received the assent of the President of India on June 23, 2005.
Answer:
SEZs in India were announced by the government in March 2000. To provide a stable economic environment for the promotion of Export-import of goods in a quick, efficient and hassle-free manner, Government of India enacted the SEZ Act, which received the assent of the President of India on June 23, 2005.
What is the role of special economic zone?
SEZs are located within a country's national borders, and their aims include increased trade balance, employment, increased investment, job creation and effective administration. ... To encourage businesses to set up in the zone, financial policies are introduced.
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