What is SEZ ? What is so “Special” about Special Economic Zone (SEZ) ? 1. Special Economic Zone (SEZ) is a special duty-free enclave designed to promote foreign investments in a comprehensive range of economic activities from manufacturing at one end to trading and financial services on the other in an unfettered business environment. It is special because: a. Under a special policy dispensation promulgated by the Central Government as recently as in April 2000, businesses will operate under high quality policy and business like and friendly regulatory environment free of hassles and rend tapism. In other words, the operation of the normative and restrictive business/commercial laws will be suspended. Operating entities will be free to pursue their business interests free of Government intervention. b. The SEZ will provide high quality and world-class infrastructure designed to render costs of products, delivery, logistics and transactions competitive on g
Engineering & interesting stuff !!!