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Govt. proposes new SEZ Law

  Mar 06, 2022

Govt. proposes new SEZ Law

Q. Why is this in news?

A. The government has proposed to replace the existing law governing Special Economic Zones (SEZs) with new legislation to enable States to become partners in ‘Development of Enterprise and Service Hubs’.

Q. What is the need to amend SEZ Act, 2005?

A.

Q. What are SEZs?

A.

Q. Who can set up SEZs? Can foreign companies set up SEZs?

A.

Q. What is the role of state governments in establishing SEZs?

A.

Q. Are SEZs controlled by the government?

A.

Q. Are SEZs exempt from labour laws?

A.

Q. Who monitors the functioning of the units in SEZ?

A.

Q. What are the special features for business units that come to the zone?

A.

Q. How do SEZs help a country’s economy?

A.