A Special Economic Zone (SEZ) is a geographically defined area that falls under various economic restrictions. These zones provide resident businesses with advantages including competitive infrastructure, duty-free shopping, tax breaks, and other measures made to make doing business easier than in other areas of the same nation.
The SEZ scheme in India has shown tremendous growth in infrastructure investment, employment and exports since its introduction
SEZs suffer from their fair share of challenges such as myopic focus on manufacturing sector variations in international market conditions, etc.
The SEZ policy needs to be revamped to bring in certain enablers and relaxations leading to SEZs in India being touted as major vehicles for large scale investments and export promotion.
Key words: Econom , Scheme , India ,Salient , Issues
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