2. Special Economic Zone ( SEZ ) » A geographical region that has economic laws that are more liberal than a country's typical economic laws. » 1947 1 st SEZ in USA
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8. » Total land in lndia=2973190 sq. Km Total agricultural land=1620388 sq. km. Sez formally approved (234)=350 sq km Sez in principal approval (162)=1400 sq km Total area proposed for sez= 1750 sq km. Which is merely 0.047% of the total land and 0.086% of the total agricultural land.
18. Longer and steeper than in China Present Tax holidays So far 28 operational. About 200 received approvals Only six: Shenzhen, Zhuhai, Shantou, Xiamen, Hainan and Pudong Number In 1969 with the export processing zone concept,but failed In 1979 Commencement Basically locals. Not foreign investor driven Basically foreigners who are wooed with sops and promise of stability in policy. Investors Based on fiscal sops Experimentation of liberal policies in the specified areas Policy regime Flexibility is totally absent Relaxed Labour laws Anywhere. No restriction located only on coasts. Location Even 10 hectares will do Typically in hundreds of hectares. Size India China Issue
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Notas do Editor
Despite initial reservations of the finance ministry, they are proving to be key engines of export growth. The government expects exports from special economic zones (SEZs) to touch Rs 1,25,000 crore during 2008-09, an increase of more than 86% over the last fiscal. In the last three years, the exports from SEZs have shown an increase of over 150%. It is projected that the exports from SEZs would reach Rs 1,25,000 crore by the end of 2008-09.