Question

write a note on special economic zone

Answer 1

The operating definition of a SEZ is determined individually by each country. According to the World Bank in 2008, the modern day special economic zone typically includes a "geographically delimited area, usually physically secured (fenced-in); single management/administration; eligibility for benefits based upon physical location within the zone; separate customs area (duty-free benefits) and streamlined procedures."special economic zone are those industrial zone which have been set up by government of India to attract foreign companies to invest in the country



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Answer 2

For attracting the foreign companies to invest in India, our govt has set up Special Economic Zone. Characteristics of SEZ are
-they have been allowed flexibility in labour law.
-they have been made world class facilities available.