Commerce Ministry Frames New Guidelines for SEZs
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Gujarat Leads National Chart in Terms of Area Occupied by SEZs
SEZ-Undue Emphasis On IT
India to build huge economic zone
Hyderabad Gems Special Economic Zone to be operational by end 2008
Anger over India's special economic zones
Economic zone plans polarise India
India plans special trade zones
Hirco to Invest $198 mn in Mumbai Township
India: Deaths in West Bengal during protest against new industrial project
Special Economic Zones (SEZs) are specific geographical regions that have economic laws different from and more liberal than a country's typical economic laws. The goal is usually an increase in foreign direct investment (FDI) in the country.
There is a clear understanding that a well-implemented and designed SEZ can bring about many desired benefits for a host-country: increases in employment, FDI attraction, general economic growth, foreign exchange earnings, international exposure, and the transfer of new technologies and skills. Hence, many developing countries are also developing the SEZs with the expectation that they will provide the engines of growth for their economies to achieve industrialization. But for this to be successful their governments need to enact legislation, create a focused administrative infrastructure to govern special economic zones, offer highly attractive incentives and locate zones in the best possible locations. Overall investment climate (infrastructure, governance) in a country matters in the success of its special economic zones in terms of competitiveness.
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