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Question
Describe any three steps taken by the Central and State governments to attract foreign investment in India .
Solution
- In recent years, the central and state governments in India are taking special steps to attract foreign companies to invest in India.
- Industrial zones, called Special Economic Zones (SEZs), are being set up.
- SEZs are to have world class facilities: electricity, water, roads, transport, storage, recreational and educational facilities.
- Companies who set up production units in the SEZs do not have to pay taxes for an initial period of five years.
- Government has also allowed flexibility in the labour laws to attract foreign investment.
RELATED QUESTIONS
Special Economic Zones (SEZs) are being set up to attract ____________.
Which of the following industries has been hard hit by foreign competition?
Which of the following contributes to globalisation?
Globalisation so far has been more in favour of:
In India most of the workers are employed in the:
Globalisation results in ____________.
Globalisation leads to rapid movements of the following between countries:
Benefits enjoyed by companies who set up production units in the SEZs are:
In what ways Multi-National Corporations (MNCs) different from other companies? Explain with an example.
Examine the steps taken by the developing countries to attract foreign investment.
