Q: Do you consider SEZ through industrialization will generate Social Benefits?
An:
Special Economic Zone (SEZ)
An SEZ, or a Special Economic Zone, is like a foreign territory within a country, a geographical region with different economic laws than a country’s typical economic laws, with the main goal of attracting foreign investment. In economic terms, SEZ is specifically delineated duty-free enclave and shall be deemed to be foreign territory for the purposes of trade operations and duties & tariffs An SEZ is governed by a special set of rules to facilitate foreign direct investment for export-oriented production. SEZs are free trade zones and customs authorities do not supervise them. These zones are typically marked by minimum bureaucracy, best infrastructure, generous tax holidays, unlimited duty free imports of raw, intermediate and final goods as well as capital goods. Basically, governments look to SEZs to overcome difficulties in bureaucracy and fiscal measures.......

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Title: Prospects Of Sezs In West Bengal
Approximate Word Count: 1493
Approximate Pages: 6 (250 words per double-spaced page)

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