what is special economic zone?

Answer 1

A policy was introduced on 1.4.2000 for setting up of Special Economic Zones in the country with a view to provide an internat-ion ally competitive and hassle free environment for exports. Units may be set up in SEZ. for manufacture of goods and rendering of services. a lot of opposition to these zones is coming from the political parties where they are in opposition. for example, the CPI (M) is opposing at central level but trying to set up them at singur, manufacturing of tata small cars, and at nandigram,for Salim group of Indonesia. the BJP, which favours them in the states in which it is ruling but opposing tooth and nail in west Bengal. if the scheme is implemented in good spirit, the set up of SPECIAL ECONOMIC ZONES will be good for the growth of economy of India.

Answer 2

A Special Economic Zone (SEZ) is a geographical region that has economic laws that are more liberal than a country's typical economic laws. Usually the goal is an increase in foreign investment. Ones of the earliest and the most famous Special Economic Zones were founded by the government of the People's Republic of China under Deng Xiaoping in the early 1980s. The most successful Special Economic Zone in China, Shenzhen, has developed from a small village into a city with a population over 10 million within 20 years. The article Special Economic Zone of the People's Republic of China provides more information about the Special Economic Zones in China. Following the Chinese examples, Special Economic Zones have been established in several countries, including India, Iran, Jordan, Poland, Kazakhstan, the Philippines and Russia. North Korea has also attempted this to a degree, but failed. Currently, Puno, Peru has been slated to become a "Zona Ecomomica" by its president Alan Garcia. In the United States, SEZ are referred to as "Urban Enterprise Zones".

Answer 3

In New Jersey special economic zones have special incentives for people to open a buisness there or shop there. Sales tax is reduced in these areas and buisness recieve tax breaks also. Usually they are in economically poor areas.

Answer 4

It's a zone selected for effecting economic reforms and / or pursuing certain special economic plans.

Answer 5

the government permits corporates to set up production units on land which is primarily barren,i.e. non-productive. In return for conducting business in such land, the government discounts on the electricity, water and tax for the business conducted on such land. Such land usually falls under a vast area which is referred as the SEZ's (Special Economic Zones).

Answer 6

Click on the link below for All About SEZ including SEZ Act SEZ Rules etc
http://www.allindiantaxes.com/sez.php