Sezs in India

MACRO ECONOMICS SEZs HIGHWAY TO INDIAN ECONOMIC GROWTH? SUBMITTED BY: DEEPTI MITTAL INTRODUCTION T here(predicate) has been much debate ab come in the role special(a) Economic zones (SEZs) play in the economic growth of a country, and whether they should be the first option, or the next best policy. The shout of Special Economic Zones (SEZs) has captivated entrepreneurs of entirely hues and sizes. At stomach count, 263 SEZs had been sanctioned, while another 169 had received in-principle approvals. The SEZs hysteria is almost akin to what happened with dotcoms in the late 1990s- a hasty rush into empyrean that held out promise of untold gains. What came next is business folklore. ar we seeing something similar in making over here as well? The best thing that goes in favor of SEZs is that the creation of infrastructure will shift into the hands of mystical players. But are we realizing the serious implications of setting up SEZs and underestimating the risks concern with them. In the two instances where SEZs have worked globally, the Jebel Ali Free Zone in Dubai and Shenzhen in China, the government made the initial investments. The primary originator wasnt profits, but to create world-class infrastructure that would attract capital.

In contrast, In India it is Private sector who is putting in all the money. According to Industry estimates, Indian SEZs will soak up anywhere between Rs 330000 crore to Rs 550000 crore. This is more than what the entire industry has invested in the past five years- Rs 320000 crore. That is equivalent of pumping 15-175 of Indias GDP into one larger-than-life reality development plan. Along with Puerto Rico, India was one of the first countries in the world to set up an Export Processing Zone (EPZs) in Kandla, Gujarat in 1965. Four decades later India is again bullish on SEZs, and with the SEZ Act of 2005 in place, it is going all out to woo investors. But the question that arise here is why SEZs now and why not EPZs? While EPZs are industrial... If you lack to get a full essay, order it on our website: Orderessay

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