Chapter 2 - Noida Authority Online

RECENT GOVERNMENT INITIATIVES TO BOOST FDI AND EXPORTSRecent years have witnessed, number of stamps taken by government to boost FDIand exports as mentioned earlier. The SEZ Policy is the latest and most ambitiousof export boosting efforts, but it goes much further, in that it seeks to radicallychange the environment for exports and FDI, by offering a hassle free businessfriendly environment and world class infrastructure over an unprecedented largegeographical area. It allows government to experiment with radical economicreform on a localized basis, introducing reforms that are difficult to implement atthe national level, given the country's large size and social disparities. The mostnotable feature of this policy is working along with state government andencouraging them to take the lead role in export promotion. UP is the first state inthe country to formulate and implement SEZ Act (Annexure VII) The stateGovernment policy on SEZ and various notifications are given as Anneure VI &VIII respectively.