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Special Economic
Zones(SEZ)
From April 2000
Special Economic Zones(SEZ) were set up in India with
a view to provide an internationally competitive and
hassle free environment for exports. Business units
may be set up in SEZ for manufacture of goods and rendering
of services. All the import/export operations of the
SEZ units will be on self-certification basis. The policy
provides for setting up of SEZ's in the public, private,
joint sector or by State Governments. In simple terms
the Special Economic Zones (SEZs) provide virtual offshore
operation facilities and advantages of a free trade
area. A number of the earlier Export Processing Zones(EPZ)
located at Kandla and Surat (Gujarat), Cochin (Kerala),
Santa Cruz (Mumbai - Maharashtra), Falta (West Bengal),
Chennai (Tamil Nadu), Visakhapatnam (Andhra Prad esh)
and Noida (Uttar Pradesh) were converted into Special
Economic Zones. For details please access http://sezindia.nic.in/
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