State the meaning of Special Economic Zones?

1.	State the meaning of Special Economic Zones?
Answer» 1. The Special Economic Zones [SEZs] policy was announced in April 2000. 2. As per the Special Economic Zones Act of 2005, the government has so far notified about 400 such zones in the country. 3. The SEZ deprives the farmers of their land and livelihood, it is harmful to agriculture. 4. To promote export and Industrial growth in line with globalization the SEZ was introduced in many countries.

Answer»

1. The Special Economic Zones [SEZs] policy was announced in April 2000.

2. As per the Special Economic Zones Act of 2005, the government has so far notified about 400 such zones in the country.

3. The SEZ deprives the farmers of their land and livelihood, it is harmful to agriculture.

4. To promote export and Industrial growth in line with globalization the SEZ was introduced in many countries.

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