{"id":166366,"date":"2022-02-03T22:48:38","date_gmt":"2022-02-03T17:18:38","guid":{"rendered":"https:\/\/blog.forumias.com\/?page_id=166366"},"modified":"2022-02-03T22:48:38","modified_gmt":"2022-02-03T17:18:38","slug":"answered-reforming-the-16-year-old-sez-act-will-boost-exports-enhance-competitiveness-and-remove-anomalies-in-special-economic-zones-comment","status":"publish","type":"page","link":"https:\/\/forumias.com\/blog\/answered-reforming-the-16-year-old-sez-act-will-boost-exports-enhance-competitiveness-and-remove-anomalies-in-special-economic-zones-comment\/","title":{"rendered":"[Answered] \u201cReforming the 16-year old SEZ Act will boost exports, enhance competitiveness and remove anomalies in Special Economic Zones\u201d. Comment."},"content":{"rendered":"\n\n\n
Comment directive requires writing about all of the aspects given in the statement.\u00a0<\/span>
\n<\/span>Introduction:<\/span><\/b> Write a brief note about Special Economic Zones.\u00a0<\/span>
\n<\/span>Body:<\/span><\/b> Provide brief description of SEZ act, 2005. Highlight issues in SEZ act in few points. Provide a brief note on the new proposed act and provide a few recommendations to boost economic growth.<\/span>
\n<\/span>Conclusion:<\/span><\/b> Write down a brief way forward<\/span>\u00a0<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Special Economic Zones (SEZ) are enclaves within the territory of a country, in which <\/span>business, trade and tax laws are different<\/span><\/b> from the rest of the country.\u00a0<\/span>\u00a0<\/span><\/p>\n

In India the SEZs are governed as per the provisions of the <\/span>SEZ act of 2005<\/span><\/b>, which aimed to achieve the following objectives<\/span>\u00a0<\/span><\/p>\n