GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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1965
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1970
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1975
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1995
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Detailed explanation-1: -India was one of the first in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting exports, with Asia’s first EPZ set up in Kandla in 1965.
Detailed explanation-2: -The first successful implementation of an EPZ was at Ireland’s Shannon International Airport in 1956 which has provided the impetus for other countries to pursue similar Iines of development.
Detailed explanation-3: -Chittagong Export Processing Zone (CEPZ), also known as Chittagong EPZ, is the first and one of the eight export processing zones in Bangladesh located at South Halishahar in Chittagong. It was established in 1983.
Detailed explanation-4: -Following an Act of Parliament in 1980, the first EPZ of the country was established in chittagong in 1983.