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    Special Economic Zone

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    abdulkhaderjeelani14
    Special Economic Zones (SEZs) were introduced in India in 2000 to promote industrialization and economic development. SEZs offer tax incentives and infrastructure to attract multinational corporations. Andhra Pradesh has the highest number of SEZs, concentrated around Hyderabad but also located in Nellore and Chittoor districts. The objectives of SEZs are to generate employment, increase income levels and exports, and reduce poverty. They aim to stimulate the economy through industrial productivity gains and infrastructure development.

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    Special Economic Zone

    Uploaded by

    abdulkhaderjeelani14
    133 views2 pages
    Special Economic Zones (SEZs) were introduced in India in 2000 to promote industrialization and economic development. SEZs offer tax incentives and infrastructure to attract multinational corporations. Andhra Pradesh has the highest number of SEZs, concentrated around Hyderabad but also located in Nellore and Chittoor districts. The objectives of SEZs are to generate employment, increase income levels and exports, and reduce poverty. They aim to stimulate the economy through industrial productivity gains and infrastructure development.

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    Special Economic Zones (SEZs) were introduced in India in 2000 to promote industrialization and economic development. SEZs offer tax incentives and infrastructure to attract multinational corporations. Andhra Pradesh has the highest number of SEZs, concentrated around Hyderabad but also located in Nellore and Chittoor districts. The objectives of SEZs are to generate employment, increase income levels and exports, and reduce poverty. They aim to stimulate the economy through industrial productivity gains and infrastructure development.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as DOC, PDF, TXT or read online from Scribd
    Download as doc, pdf, or txt
    133 views2 pages

    Special Economic Zone

    Uploaded by

    abdulkhaderjeelani14
    Special Economic Zones (SEZs) were introduced in India in 2000 to promote industrialization and economic development. SEZs offer tax incentives and infrastructure to attract multinational corporations. Andhra Pradesh has the highest number of SEZs, concentrated around Hyderabad but also located in Nellore and Chittoor districts. The objectives of SEZs are to generate employment, increase income levels and exports, and reduce poverty. They aim to stimulate the economy through industrial productivity gains and infrastructure development.

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    Download as DOC, PDF, TXT or read online from Scribd
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    of 2

    SPECIAL ECONOMIC ZONE &

    ECONOMIC DEVELOPMENT

    CONTENTS

    INTRODUCTION ABOUT SEZ


    DEFINITION
    OBJECTIVES
    IMPORTANCE
    SEZ’S IN A.P.

    INTRODUCTION ABOUT SEZ

    SEZ WAS INTRODUCED IN THE YEAR 2000, NOW WE HAVE MORE THAN 100 SEZ’S IN INDIA.
    ANDHRA PRADESH IS IN FIRST PLACE WITH MORE SEZ’S.
    TO DEVELOP THE NATION INDUSTRIALLY THE CENTRAL GOVT IS VERY KEEN TO
    ESTABLISH SEZ IN VARIOUS PARTS OF THE COUNTRY .
    THEY ARE ATTRACTING MNCS BY PROVIDING FREE LAND, PROPER INFRASTRUCTURE
    AND OTHER FACILITIES.

    DEFINITION

    SEZ IS DEFINED AS A TECHINIQUE TO DEVELOP THE NATION ECONOMICALLY. SO SEZ’S


    ARE TO BE ENCOURAGED BY THE GOVT.
    TO ENHANCE INDUSTRIAL PRODUCTIVITY ,
    EMPLOYMENT OPPORTUNITIES,
    PER CAPITA INCOME DEVELOPMENT AND G.D.P. GROWTH.

    OBJECTIVES
    TO PROVIDE EMPLOYABILITY
    TO REMOVE POVERTY
    TO DEVELOP RURAL POPULATION AS WELL AS RURAL AREAS.
    TO REDUCE CURRENT ACCOUNT DEFICIT IN B.O.P. THROUGH THE IMPROVEMENT OF
    EXPORTS.

    IMPORTANCE
    GENERATE MORE NUMBER OF EMPLOYMENT OPPORTUNITIES
    INCREASE THE PER CAPITA INCOME OF OUR COUNTRY
    STIMULATES EXPORTS AND IMPORTS
    IT INCREASES INCOME LEVEL OF CITIZENS, INCREASE COMPETITION AND LOWER LABOUR
    COST
    INCREASES INTERNATIONAL MARKET SHARE
    SEZ’S IN A.P.
    74 SEZ’S ARE LOCATED AROUND HYDERABAD.
    IN A.P SEZ’S ARE ESTABLISHED IN NELLORE AND CHITTOOR [DIST].
    AMONG ALL THE STATES IN INDIA A.P. IS IN FIRST PLACE.
    SEZ’S ARE LOCATED IN NELLORE LIKE “KRISHNA PATNAM PORT” AND APACHE
    COMAPANY.

    ROLE SEZ'S IN ECONOMIC DEVOLPMENT


    TO ENHANCE THE GOVERNMENT REVENUE THROUGH TAXES
    TO ENHANCE THE INFRASTRUCTURE FACILITIES.
    TO ENHANCE THE INDUSTRIAL PRODUCTIVITY.
    FOSTERING THE PROGRESS OF ECONOMIC GROWTH.
    IMPROVING THE LIVING STANDARDS.
    AVALIABILITY OF VARIOUS PRODUCTS FOR CHOICE OF THE PEOPLE
    REDUCING THE REGIONAL DISPARITIES BY ESTABLISHING SEZ IN UNDEVLOPED AREAS OF
    THE COUNTRY

    ECONOMIC DEVELOPMENT
    ECONOMIC DEVELOPMENT IN TERMS OF PERSONAL FREEDOM TO CHOOSE FROM A RANGE
    OF OPTIONS
    ECONOMIC DEVELOPMENT IS NOT PURELY AN ECNOMIC PHENOMENON, BUT RATHER A
    MULTIDIMENSIONAL PROCESS INVOLVING RE ORGANISATION AND RE ORIENTATION OF
    THE ENTIRE ECONOMIC AND SOCIAL SYSTEM.

    FACTORS EFFECTING IN ECONOMIC DEVELOPMENT


    ECONOMIC DEVELOPMENT
    CAPITAL FORMATION
    MARKATABLE SURPLUS OF AGRICULTURE
    CONDITIONS IN FOREIGN TRADE &
    ECONOMIC SYSTEM

    ROLE NON ECONOMIC FACTORE IN ECONOMIC DEVELOPMENT


    HUMAN RESOURCES
    TECHNICAL KNOW – HOW AND GENERAL EDUCATION
    POLITICAL FREEDOM
    SOCIAL ORGANISATION
    CORRUPTION
    DESIRE TO DEVELOP

    CONCLUSION
    INDIA HAS BEEN SUFFERING FROM CURRENT ACCOUNT DEFICIT FROM LAST TWO
    DECADES.BY OBSERVING CHINA GROWTH RATE IN INDUSTRILISATION AND ECONOMIC
    DEVELOPMENT INDIA ALSO STARTED ESTABLISHING SEZ FROM YEAR 2000 ONWARDS BY
    PROVIDING VARIOUS FACILITIES. AND TO IMPROVE THE EXPORTS STILL IT IS NOT
    CONTRIBUTING ANY INCOME OF GDP IN FUTURE IT WILL BE MORE BENEFITTED TO OUR
    COUNTRY.

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