Abstract : The establishment of SEZ in India was envisaged as an important strategic tool to expedite the growth of international trade. Special economic zone is a geographically delimited area which is physically secured, has single management and administrative unit and duty free environment (Zeng, 2015). Special economic zone (SEZ) is an area in which business and trade laws are different from rest of the country. SEZ is also seen as trade capacity development tool for rapid economic development. Economic development in SEZs takes place by using tax and business incentives to attract foreign investment and technology (Desai, 2006). Now the term Special Economy Zones (“SEZ”) covers a broad range of zones, such as free trade zones, export-processing zones, industrial parks, economic and technology development zones, high-tech zones, science and innovation parks, free ports, enterprise zones. A SEZ is a demarcated area of land that provides impetus to manufacturing and services, with the primary objective of boosting exports. Therefore, goods and services coming into SEZs from the domestic tariff area (DTA) are treated as exports from India, while goods and services rendered from the SEZ to the DTA are treated as imports into India. SEZs are normally established with the aim, to enhance foreign investment, especially to attract foreign direct investment (FDI), to increase shares of export in Global market, to generate of additional economic activity, and to support of wider economic reform strategy. For creation employment opportunities, for development of infrastructure facilities and for exposure to technology and global market After the SEZ Act came into place in 2005, a tremendous growth in exports has been observed. Moreover, SEZ in India has also made a remarkable progress in terms of export promotion. This paper is mainly focused on assessing the role of SEZs in contribution of export from SEZs in Indian export. Growth percentage of SEZ indicates direct proportionality with total export.
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Cite : LATA, S. (2023). Role of Sez in India’s Export (1st ed., pp. 41-46). Noble Science Press. https://doi.org/10.52458/9789388996570.2023.eb.ch09
