Special Economic Zones - Concepts - Chapter 4 Class 10 Economics - Globalisation and the Indian Economy - Economics

Last updated at Dec. 13, 2024 by

SPECIAL ECONOMIC ZONES

  • In order to attract foreign companies to invest in India , Government set up industrial Zones knowns as Special Economic Zones (SEZs).
  • Special Economic Zones (SEZs) provide facilities such as infrastructure: roads, water, power, transportation, storage, and recreational and educational facilities to foreign companies. 
  • Companies that set up their production units in the SEZs do not have to pay taxes f or an initial period of five years
  • The government has also made labor law s more flexible in order t o attract foreign companies.
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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science and Computer Science at Teachoo