List of special economic zones in India information
India was one of the first countries in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia's first EPZ set up in Kandla in 1965. In order to overcome the shortcomings experienced on account of the multiplicity of controls and clearances; absence of world-class infrastructure, and an unstable fiscal regime and with a view to attract larger foreign investments in India, the Special Economic Zones (SEZs) Policy was announced in April 2000.
A special economic zone (SEZ) is a geographical region that has economic laws that are more liberal than a country's domestic economic laws. India has specific laws for its SEZs.
The category 'SEZ' covers a broad range of more specific zone types, including free-trade zones (FTZ), export processing zones (EPZ), free zones (FZ), industrial estates (IE), free ports, urban enterprise zones and others. Usually, the goal of a structure is to increase foreign direct investment by foreign investors, typically an international business or a Multi National Corporation (MNC).
In December 2022, Union Minister of State for Electronics and IT Rajeev Chandrasekhar, in a written reply to a question in Rajya Sabha informed that Special Economic Zones have exported software worth Rs 5.3 lakh crore in 2021–22.[1][2]
^"IT companies at STPI, SEZs export software worth Rs 11.59 lakh crore in 2021-22". The Economic Times. 16 December 2022.
^"Software exports from Andhra Pradesh not on expected lines, says BJP leader". The Hindu. 16 December 2022.
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Visakhapatnam SpecialEconomicZone (VSEZ), also called the Andhra Pradesh First EconomicZone, is one of the central government specialeconomiczonesinIndia. VSEZ...
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state-run Software Technology Parks ofIndia (STPI) and SpecialEconomicZones have exported software worth Rs 11.59 lakh crore in 2021–22. The Electronics Committee...
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export-procession zones, tax and duty-free zones, and specialeconomiczones (SEZs) most predominantly present in China and India. The 1970s witnessed a shift in city...
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