Question

Whay are special economic zones ?what was the motive behind its establishment

Answer 1

Special economic zone are ones created by the government..
They were established to attract MNCs..
They contain world class facilities like good Power supplyetc..
The company established in this zone need not pay taxes to the government until 5 years from establishment..
Thus, they were created to attract MNCs so that they provide economic development to the area by creating employment..
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