SEZ stands for special economic zone. It is a term related to Business, Useful Terms and Definitions which we use in daily life but we do not know their full name meaning, Here’s a list of important abbreviations that you should know.
| Term | Full Form |
| SEZ | special economic zone |
| Category | Business |
| Region | Worldwide |
Full Form of SEZ
The full form of SEZ is the special economic zone. A special economic zone (SEZ) is an area in a country that is subject to different economic regulations than other regions in the same country. SEZ economic regulations seem to favor – and attract – foreign direct investment (FDI).
A Special Economic Zone (SEZ) is a geographic region in a country where tax and investment incentives are implemented to attract foreign businesses and investments.
Here you learn the full name and complete information of special economic zone, if you have questions and answers related to SEZ, then tell us your thoughts in the comment, know the complete meaning of SEZ in this article.
Importance of SEZ in India
The establishment of SEZs in India was envisaged as an important strategic tool to accelerate the development of international trade. This manifests itself in the form of increased exports as a unit set up to produce goods and services. Therefore, the increased level of exports was of key importance to the success of the SEZ.
Benefits of SEZ
SEZ Benefits
- Creation of Economic enclave to cater overseas market.
- Generation of employment opportunities.
- Promotion of investment – domestic and foreign.
- Significant Foreign Exchange Earnings through exports.
- Development of world class infrastructure facilities.
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