What is the meaning of SEZ? Mention any two features of SEZ?
(class 10 CBSE SAMPLE PAPER 2017-18 SOCIAL SCIENCE)
Answers
Answered by
486
Special economic zones(SEZs) has been set up by the government with a view to promote free trade and yield higher economic profit or growth. SEZs are being set up by the central and state governments in India to draw foreign companies and convince them to invest in India.
Features of SEZ:
1.They have world class facilities such as roads, transport, storage, electricity, water, recreational and educational.
2.Taxes, for the initial 5 years does not have to be paid.
HOPE THIS WILL HELP YOU.....
Features of SEZ:
1.They have world class facilities such as roads, transport, storage, electricity, water, recreational and educational.
2.Taxes, for the initial 5 years does not have to be paid.
HOPE THIS WILL HELP YOU.....
Answered by
89
Sez is know as special economic zone it is located in the border of the countries.. features:-
World class facilities like road etc
Doesn't need to pay tax for first 5 years
It's aim is to create employment, effective administration etc
Hope this would help you
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