| Author: |
Ranjit Singh;Arup Barman |
| Source: |
Gyan Management Vol. 4, No.2 |
| Publication date: |
2010 |
| Subject terms: |
Special Economic Zones (SEZ), Exports, Investment, and Employment |
| Vol.: |
Vol. 4, No.2 |
|
Abstract:
|
A Special Economic Zone (SEZ) is a geographical region that has economic laws that are more liberal than a country's typical economic laws. With a view 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 Government of India announced the Special Economic Zones (SEZs) Policy. The whole idea behind the setting up of SEZ was to increase the exports and hence accelerate the economic development of the country. This policy intended to make SEZs an engine for economic growth supported by quality infrastructure complemented by an attractive fiscal package. This paper gives a birds eye view about the SEZ, objectives and rules of SEZ, incentives available in SEZs, benefits from SEZ, impact of SEZ in India, the arguments against the SEZ, the politics behind SEZ and finally the paper ended up with recommendations for the sustainability of the SEZs in the interest of the farmers and industries both. The authors conclude that both sector should be protected and also opined that there is a need for suitable change in the policy |
| Database: |
书籍类 |