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Explain the objectives and characteristics of SEZs. - Economics

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प्रश्न

Explain the objectives and characteristics of SEZs.

संक्षेप में उत्तर

उत्तर

The Special Economic Zones (SEZs) policy was announced in April 2000.
The major objectives of SEZs are:

  1. To enhance foreign investment especially to attract foreign direct investment (FDI) and thereby increasing GDP.
  2. To increase shares in global export.
  3. To generate additional economic activity.
  4. To create employment opportunities.
  5. To develop infrastructure facilities.
  6. To exchange technology in the global market.

Main characteristics of SEZs:
Geographically demarked area with physical security.

  1. Administrated by a single body/authority.
  2. Streamlined procedures.
  3. Having a separate custom area
  4. Governed by more liberal economic laws.
  5. Greater freedom to the firms located in SEZs.
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अध्याय 9: Development Experiences in India - Model Questions - Part D [पृष्ठ २०३]

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सामाचीर कलवी Economics [English] Class 11 TN Board
अध्याय 9 Development Experiences in India
Model Questions - Part D | Q 36 | पृष्ठ २०३
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