IMPACT OF SPECIAL ECONOMIC ZONES

Abstract

Since from the Adam smith’s Trade theory Free Trade for the international trade purpose was common, but as the economic and geographical boundaries created and introduction of different currencies in different countries makes it difficult to practice free trade hence new forms of trade practices was introduced. Accordingly Indian government has also introduced SEZ for fulfilling the objective of providing the fillip to the export oriented manufacturing sector, attract substantial foreign direct investment, and to generate more and more employment opportunities.