Advertisements
Advertisements
Question
Describe any three steps taken by the Central and State governments to attract foreign investment in India .
Advertisements
Solution
- In recent years, the central and state governments in India are taking special steps to attract foreign companies to invest in India.
- Industrial zones, called Special Economic Zones (SEZs), are being set up.
- SEZs are to have world class facilities: electricity, water, roads, transport, storage, recreational and educational facilities.
- Companies who set up production units in the SEZs do not have to pay taxes for an initial period of five years.
- Government has also allowed flexibility in the labour laws to attract foreign investment.
RELATED QUESTIONS
Which of the following industries has been hard hit by foreign competition?
Which of the following contributes to globalisation?
Globalisation so far has been more in favour of:
Globalisation results in ____________.
Globalisation leads to rapid movements of the following between countries:
Benefits enjoyed by companies who set up production units in the SEZs are:
Special Economic Zones (SEZ) developed by the Government of India aim:
In what ways Multi-National Corporations (MNCs) different from other companies? Explain with an example.
Examine the steps taken by the developing countries to attract foreign investment.
‘Globalisation is a multi-dimensional concept.’ Examine the statement.
