SSC
WORLD GEOGRAPHY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Investment Zone
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Special Economic Zone
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Green Zone
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Special Standard Zone
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Detailed explanation-1: -What Is a Special Economic Zone (SEZ)? A special economic zone (SEZ) is an area in a country that is subject to different economic regulations than other regions within the same country. The SEZ economic regulations tend to be conducive to-and attract-foreign direct investment (FDI).
Detailed explanation-2: -SEZs in India As of 13th January 2023, 270 SEZs are operational in the country. About 64% of the SEZs are located in five states – Tamil Nadu, Telangana, Karnataka, Andhra Pradesh and Maharashtra.
Detailed explanation-3: -(i) Special Economic Zones (SEZs) are to have world class facilities, electricity, water, roads, transport etc. (ii) Government provides recreational and educational facilities. (iii) Companies who set up production units in the SEZs do not have to pay taxes for an initial period.