हिंदी

Explain Any Five Facilities Available in the Special Economic Zones Developed by the Central and State Governments to Attract Foreign Investment. - Social Science

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प्रश्न

Explain any five facilities available in the special economic zones developed by the Central and State Governments to attract foreign investment.

संक्षेप में उत्तर
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उत्तर

The government attracts foreign investment in the following ways:

  •  Allowing foreign companies as tax free for the first five years in the industrial zones or SEZs (special economic zones). 
  •  Industrial zones called SEZs (special economic zones) are being set up. SEZs are to have world class facilities, such as electricity, water, roads, transport, storage, recreational & educational facilities.
  •  flexibility in labour laws.
  •  Establishment of Special Economic Zones, which would provide the industries and factories world class facilities like constant electricity, water, etc. 
  • There was an exemption for industries set up in desired locations from paying taxes for the first 5 years. 
  • These industries and factories were also allowed flexibility in labour laws, thus not making it compulsory to employ workers on a permanent basis. 
shaalaa.com
Foreign Trade and Integration of Markets
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2018-2019 (March) Delhi set 3
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