Education and Career Forum

importance of special economic zones....please give me the details for the same

SEZ or Special Economics Zones are region inside a country where trades and business laws are totally different from rest of country. It has own rules and regulations for carrying out different economics activities and transactions.

Importance of SEZs:

It promotes industrialization and promotes economic growth and further ensures sustainable development. It further helps in promotion of exports of good and services and creates employment opportunities in an economy. It boosts up the infrastructure projects.

Examples of SEZ in India-Falta Food processing unit, West Bengal, Navi Mumbai Multiproduct etc.