ALL ABOUT SPECIAL ECONOMIC ZONE SEZ

We heard a lot of about Special Economic Zone or SEZ. In this post there will be complete knowledge about what is SEZ. Special Economic Zone is a geographical area in which the economic laws are more liberal than the country’s economic laws. SEZ’s are created for boost the trade and rapid economic growth. It is the tool by the government to give tax and business incentives to an area specific and attracts the foreign as well as domestic companies to invest.

Some argue about the heavy losses to the government with SEZ as the industries and companies needn’t to pay taxes in this region. But on the other hand, the country gets a lot of employment and foreign investment from the special economic zone. In India there is a lot of area wise irregularity about industries. Where Gujarat has more and more industries, Bihar and Orissa have little. So SEZ are created here to remove this type of dissimilarity.

ALL ABOUT SPECIAL ECONOMIC ZONE SEZ
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