Wednesday, June 07, 2006

INDIAN OBSES‘SEZ’ION

Started in the year 2000, Indian Special Economic Zones (SEZs) have been built after looking at the tremendous success of Chinese SEZs. But unlike its counterpart, Indian SEZs were developed with idea of increasing exports from the country and were part of India’s Export Promotion Policies. Today there are 14 operational and 61 approved SEZs across the country. Export Promotion Council for Export Oriented Units and SEZ said in a recent release that it has received 175 new proposals for development of SEZs in India in 2006, seeking an investment of Rs.1 lakh crore over the next five years.

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Source:- IIPM Editorial, 2006