December 2020
Intermediate to advanced
857 pages
42h 3m
English
Content preview from Business Environment, 4th Edition by Pearson
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24
Special Economic
Zones in India
701
CONCEPT AND MEANING OF SEZ
India was one of the first in Asia to recognize the eectiveness of the export processing
zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla in
1965. With a view to overcome the shortcomings experienced on account of the
multiplicity of controls and clearances, absence of world-class infrastructure, and
an unstable fiscal regime, and also with a view to attract larger foreign investments
in India, the special economic zones (SEZs) Policy was announced in April 2000.
This policy intended to make SEZs an engine for economic growth, supported
by quality infrastructur ...
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