Q.What is Special Economic Zone?

An SEZ is a demarcated duty-free area treated as foreign territory for trade/tariff purposes, created to boost exports, investment and employment.

A Special Economic Zone (SEZ) is a specifically demarcated geographical region that is treated as foreign territory for the purposes of trade, duties and tariffs. Units set up in an SEZ enjoy benefits such as duty-free import of inputs, tax concessions, single-window clearance and good infrastructure. The aim is to promote exports, attract domestic and foreign investment, create employment and develop world-class facilities. SEZs are an importan …