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 SEZ Department |
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Special Economic Zone (SEZ) is a special duty-free enclave designed to promote foreign investments in a comprehensive range of economic activities from manufacturing at one end to trading and financial services on the other in an infettered business environment.
Under a special policy dispensation promulgated by the Central Government in April, 2000, businesses will operate under high quality policy and business friendly regulatory environment free of hassles and red tapism. In other words, the operation of the normative and restrictive business/commercial laws will be suspended. Operating entities will be free to pursue their business interests free of government intervention.
The SEZ will provide high quality and world class infrastructure designed to render costs of products, delivery, logistics and transactions competitive on global basis.
While SEZ will be insulated from the domestic tariff area in so far as the negative influences are concerned, it will, none the less, provide the much sought and 'privileged' access to the domestic markets.
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