Mobile Banking For Inclusive Growth - Punjab National Bank ...

SPECIAL ECONOMIC ZONES: ENGINES OF GROWTHe-track-Anchal SinghAbstractlaws regarding export andSEZs have become the most talked about in import are broadminded andthe Indian economic circles, but due to its liberal as compared to rest partambiguous policy, it has faced strong opposition of the country.from the leftist parties, activitist, farmer groups, SEZ can be defined aseconomist and urban planner during 2006. “specifically delineated dutyHowever now it is been realized that they are free enclave and shall be deemedthe pockets of manufacturing excellence which to be foreign territory for the purpose of tradeapart from export growth and attracting FDI are operations and duties and tariffs.” –EXIM Policycontributing significantly towards the generation 2000 Chp 9 Para 30.leading to the increased economic growth of the Since the inception of the SEZ policy in Indiacountry.SEZs are in operation and more than 140 SEZs haveThis paper explores the Indian policy been approvedframework for an SEZ, it further discusses its During 1990s, eight EPZs are converted intosignificance highlighting in terms of exports, SEZ with a view to create an environment forinvestment and employment in our economy which achieving a rapid growth in exports The followingis witnessing a high trajectory where consumption table give a detailed information regarding thelevels are soaring and investment are riding high major EPZ converted into SEZ ..The study is primarily based on the secondary datagathered through reports of government1. Kandla (Gujarat) : 1965 (265 Acres)organization and websites.2. Seepz (Maharashtra) : 1975 (110 Acres)Evolution of SEZ3. Noida (U.P.) : 1986 (310 Acres)The Indian SEZ policy dates back to the year4. Madras (Tamil Nadu) : 1986 (262 Acre)2000 when Government announced the policy forsetting up SEZ in the country in line with the5. Falta (West Bengal) : 1986 (280 Acres)international practices. The first EPZ was set up in 6. Visakhapatnam : 1994 (360 Acres)Ireland in 1959, whereas the first Asian zone was the (Andhra Pradesh)Kandla EPZ established by the Indian Government 7. Surat (Gujarat) : 1998 (103 Acres)in 1956.When the Soviet Union was split, India 8. Cochin (Kerala) : 1998 (103 Acres)opened up its economy in 1992, for fulfilling itsThe Indian government first launched thestrategy of export led growth. India was one of theconcept of SEZ in EXIM Policy 2000 to boost thefirst in the Asia to recognize the effectiveness of thecountry's exports and attract F.D.I. Under this policy,Export Processing Zone.the zone was designated as duty free enclave andA Special Economic Zone are in short SEZ is deemed to be foreign territory only for tradea geographically bound zones where the economic operations and duties and tariffs.17January-March-2010