In: Other Topics. SEZs are viewed as instruments enhancing the acceptability and credibility of transformation policies, attracting domestic and foreign investment and also for the opening upon the economy. SEZs in India seek to promote the value addition component in exports, generate employment as well as mobilize foreign exchange. A close examination of the evolution of SEZs in countries with similar economies as India eg; China, Iran, UAE and Jordan, will help us to understand their success stories and thereby implement those factors, in order to curb the SEZ bottlenecks faced by India today. In India, the government has been proactive in the development of SEZs. They have formulated policies, reviewed them occasionally and also ensured that ample facilities are provided to the SEZ developers as well as the companies setting up units in SEZs.
Special Economic Zones in India
Why special economic zones have failed in India
Special economic zones have risen up as a great academic and professional value especially after the globalization of Indian economy. This is one of the most burning and crucial issue of political economy particularly in India. This book deals with the details of working of special economic zones in developing countries in general and in India, particularly. It covers the details of evolution of zones, special economic zones policy reforms in India, administrative set up and performance of Indian SEZs.
Special Economic Zones (Sez) in India.
Economic relationship with foreign countries will be improved when fair trade is guaranteed, an open market and fair duties provided, and free trade encouraged with free ports and free-trade zones built, thus more opportunities are open to a country to develop its international trade. China will be used as a case study to look further into this thesis statement. It was a measure implemented by the government during the start of the economic reform to help control the population of China, which was growing at a rate too rapid for the country to take. The only child in the family will be well taken care of and be able to receive better education.
With a view to overcome the shortcomings experienced on account of the multiplicity of controls and clearances; absence of world-class infrastructure, and an unstable fiscal regime and with a view to attract larger foreign investments in India, the Special Economic Zones SEZs Policy was announced. The country is divided into four main zones and the population is relatively homogenous. The background of the special economic zone is not another idea for Asia. There were a couple of past endeavors drove by developing Asian economies a couple of decades ago including Tiger East Asian Miracles and India in receiving and executing this idea as an open door for industries. In any case, it appears that China is depicted.