In April 2000, the Indian Government introduced a policy for setting up areas designated as “special economic zones” or “SEZs” with a view to promoting exports. The move followed the astounding success of the Chinese experiment with such zones in the Pearl River Delta and elsewhere. Following the enactment of specific federal legislation in the year 2005, SEZs have now seen renewed interest from India’s industrial giants riding India’s economic boom, real estate players and foreign investors. This IndoJuris “Highlight” summarizes the key elements of the new regime.
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