CHAPTER 1
Introduction
The SEZ policy represents the latest and perhaps the finest thinking so far on India's export policy and may even represent the future of industrial development strategy in the country. The Special Economic Zones have been conceive d with a view to provide an Internationally competitive and hassle free environment for exports and world class infrastructure over an unprecedented large geographical area. It allows
Government to experiment with redical economic reforms on a localise basis, introducing reforms that a difficult to implement at the national lavel, given the country large size and social disparity. The units in the zone have to be a net foreign exchange earner but they shall not be subjected to any predetermined value addition or minimum export performance requirement. All the laws and regulations related to labour, custom, environment clearances, taxation, FDIs etc. in the zones have been sufficiently relaxed or done away with and have been designed to make units globally competitive.
This draft report is prepared for setting up Special Economic Zone NOIDA in
Ghaziabad district in NOIDA in the state of Uttar Pradesh. The draft report is being prepared by New Okhla Industrial Development Authority based on the report prepared by consultants for the Govt. of UP for setting up Taj Special
Economic Zone is District Bulandshahar in the State of Uttar Pradesh.
SEZs - A global Overview:
Most of the countries in the world have ridden SEZ/FTZ vehicle in attracting FDI, increasing international trade and attaining over all economic development Since
1950's most of the countries in the world have adopted export zone for example US,
Puerto Rico, Taiwan, Singapore, Ireland, Mexico, Kore, Dubai, UAE and currently
Coastal China for faster economic development of the region SEZ models have been implemented in more than 100