Explain any five facilities available in the special economic zones developed by the Central and State Governments to attract foreign investment.

 

Answer: 

Points to Remember

In order to attract foreign companies to invest in India , Government set up industrial Zones knowns as Special Economic Zones (SEZs) 

  • Special Economic Zones (SEZs) provide world-class facilities  
  • The government offers recreational and educational opportunities.  
  • Companies that establish production units in SEZs are exempt from paying taxes
  • labor regulations more flexible .
  • Companies hire workers flexibly for brief periods of time .

Answer to be written in exam

In order to attract foreign companies to invest in India , Government set up industrial Zones knowns as Special Economic Zones (SEZs) 

  • Special Economic Zones (SEZs) provide world-class facilities such as electricity, water, roads, and transportation to foreign companies. 
  • The government offers recreational and educational opportunities
  • Companies that set up their production units in the SEZs do not have to pay taxes f or an initial period of five years
  • The government has made labor regulations more flexible in order to attract international investment.
  • Rather than hiring workers on a regular basis, MNCs hire workers flexibly for brief periods of time when there is heavy work pressure.
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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.