Special Economic Zones in India
Synopsis
The special Economic Zones (SEZs) Bill, 2005 introduced in the lok sabha by Shri kamal nath, Minister of Commission and Industry, on 9th may, 2005 and passed by the lok sabha. The SEZ act, 2005, supported by SEZ rules, came into force on February 10, 2006 and is expected to give a big thrust to exports and @Foreign Direct Investment@ (FDI) inflows into the country. The new regime is aimed at encouraging public private partnership to develop excellent infrastructure and attract private investment domestic and foreign-boosting economic growth, exports and employment. Clusters in the form of SEZs marked by the special economic system and policies have the ability tremendously boost export performance and FDI investment. For example, today china has six Special economic zones and more then 500 economic development Zones that receives over 75 per cent of FDI and drive over 50 per cent of country@s exports. However, it is quite unfortunate that over these years, the debate on SEZs in India has been acutely political, resulting in a lack of understanding regarding their ability to accelerate employment generation and export growth. If India were to have robust policy framework, around SEZs, the country could stand to gain. This book presents a critical appraisal of the origin of the concepts, objectives, the Indian scenario of investment, employment exports, exports, the outstanding issues like land, labour and environmental problems raised by different quarters of the society and suggestions, etc,. More or less all aspects of all the special Economic Zones are covered in this book. It is hoped that the book would be found useful government Authorities-both Centre and States-concerned with the implementation of SEZs, the SEZ Developers and Multinational Corporations-both within and outside India –who are waiting fir investing in the SEZs, political, social and natural Scientists, Social Organization, faculty Member, Students and Research Scholars.
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