Special Economic Zones (SEZs)

Question

28 Feb 2023

Answer :

Word Count : 365

Special Economic Zones (SEZs) are designated geographical areas that have been established to promote foreign investment, boost exports, and create employment opportunities in a country. SEZs provide a favorable business environment by offering tax incentives, duty-free imports of raw materials, and streamlined regulatory procedures. These zones are designed to attract foreign investors and provide them with a platform to operate their businesses in an environment that is conducive to their operations.

The first SEZs were established in China in the late 1970s, and since then, many other countries, including India, have ________ _________ _____ _____ ___ ______ _______ ____.
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