India 2025 Special Economic Zones-SEZs

1. Purpose and Governance

• Purpose: It was established on the purpose of stimulating trade, foreign direct investment (FDI), and creation of jobs.

• Legal: Operates under Special Economic Zones Act, 2005.
• Imperialism: Body: Ministry of Commerce and Industry, Government of India.

2. Key Benefits Offered

• Fiscal Incentives:
  • Income, customs and excise duty tax exemptions.
  • Importation of raw materials and capital machinery into the country duty-free.
• Operational Ease:
  • Single-window clearance system to make approvals faster.
  • Streamlined compliance and regulations.
• Infrastructure:
  • Availability of facilities of international standards featuring good utilities and transportation connectivity.
• Economic Impact:
  • Stimulates export development, encourages FDI and generates large employment opportunities.

3. Best States that have Operational SEZs (2025)

• Tamil Nadu: 51 SEZs
• Telangana: 38 SEZs
• Maharashtra: 38 SEZs
• Karnataka: 37 SEZs