Abstract

On the track of China’s growth because of Special Economic Zones, Indian Government has considered it as a dream project to promote export, generate employment, and to attract huge investment. “A Special Economic Zone (SEZ) can be defined as a geographical region that has economic laws that are more liberal than a country's typical economic laws” (An Encyclopedia). A policy was introduced on 1st April, 2000 for setting up of SEZs in the country with a view to provide an internationally competitive and hassle free environment for exports. Units may be set up in SEZ for manufacture of goods and rendering of services. The policy provides for setting up of SEZs in the public, private, joint sector or by Stat Governments. It was also envisaged that some of the existing Export Processing Zones would be converted into SEZs.”