Prices and surpriSEZ ? Food For Thought

SEZ is not unique to India, most of the emerging markets like China, Korea etc., have implemented special economic zones. India was the first among Asian countries to implement export processing zones (EPZ), which was solely focused on exports. First EPZ was set up in Kandla in 1965, with minimal regulations and benefits. Later with view to overcome the challenges faced in clearances, approvals, infrastructure and improper tax regimes, SEZ policies were announced in 2000. Main aim of the SEZ policy was to increase the foreign investments and to increase the exports from India. All the policies and regulations were set up accordingly to increase exports and increase investments