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Special Economic Zones UPSC | Industry | Geography of India

 Special Economic zones are areas or Industrial zone that is created by central and state government to attract the MNC and FDI-foreign direct investment in India.

The main purpose of SEZ;

  • Employment Generation
  • Export boost
  • Attracting FDI
  • Attracting MNC

The following are world-class facilities available to Special economic zones;

  • Electricity
  • Water
  • Roads
  • Transport
  • Storage
  • Education facilities
  • Tax holiday; no day for generally for 5 years
  • Flexibility to labor law
  • Preclearance before starting the venture

Special Economic zone Act of 2005 was passed to facilitate the Industrial zone.

At present more than 240 SEZs are operated in India and most of them are in the following five states;

  • Tamil Nadu
  • Karnataka
  • Andhra Pradesh
  • Telangana
  • Maharastra

Tamil Nadu has the highest number of Special Economic Zone.

Try to solve the following questions:

  • Assess the suitability of Special Economic Zones(SEZs) for sustainable economic development in India. (UPSC 2018, 200 words, 15 marks)

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