Special Economic Zone
Special Economic Zone (SEZ)
Special Economic Zone (SEZ) is a specifically representing duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs.
The Special Economic Zone
(SEZ)
The Special Economic Zone (SEZ) policy in India first came into inception on April 1, 2000. The objective was to enhance foreign investment and provide a competitive and hassle free environment for exports. The idea was to promote exports from the country and realising the domestic enterprises and manufacturers to be competitive globally.
Special Economic Zone (SEZ) is a specifically representing duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties and tariffs. In other words, SEZ is a geographical region that has economic laws different from a country's typical economic laws.
Below are the eight functional SEZs located in India.
- Santa Cruz (Maharashtra)
- Cochin (Kerala)
- Kandla and Surat (Gujarat)
- Chennai (Tamil Nadu)
- Visakhapatnam (Andhra Pradesh)
- Falta (West Bengal)
- Noida (Uttar Pradesh)
- Indore (Madhya Pradesh)
Special Economic Zone
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