AN APPRAISAL OF THE FUNCTIONING OF SEZ IN INDIA

Dr. Bishnu Kant Jha

Abstract


                   Variously known as free trade zones, special economic zones, bonded warehouse , free ports , customs zones and maquiladoras , these are , in fact , exports promotion zones which are defined by international labour organization (ILO) as industrial zones with special incentives set up to attract foreign investors , in which imported material undergoes some degree of processing before begin re-exported.

                   A special economic zone (SEZ) is thus a specifically delineated duty free enclave , which is deemed to be foreign territory for the purposes of trade opperations and duties and tariffs.


Keywords


special economic zone (SEZ), international labour organization (ILO), INDIA

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References


• Goswami, B. (2007) SEZ-Lessons from China. Retrieved May 30, 2013

• Govt. of India, Ministry of Finance, Department of Economic Affairs, Economic survey 2009-10

• The financial express New Delhi, October 6, 2010

• Majumder, S (2003) ‘’SEZs, Go the Chinese Way’’, The business line, The Hindu group of publications, Mumbai, India


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