Special Economic Zones (SEZs) are geographical regions that have more liberal economic laws than a country's typical laws. The first SEZ was established in the United States in 1947. SEZs offer duty-free imports and exports, foreign investment incentives, streamlined approvals, tax concessions, and improved infrastructure to encourage industrialization. India established its first export processing zone in 1965 and introduced the SEZ policy in 2000 and 2005 to boost foreign investment and exports. There are now over 200 approved SEZs in India, though only around 30 are currently operational.

1. SEZ

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

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.

16. › Shenzhen › Xiamen › Shantou › Zhuhai › Hainan

17. INDIA vs CHINA

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