SEZ (Special Economic Zone)

A Special Economic Zone (SEZ) is a designated area within a country where business and trade laws are different from the rest of the country. SEZs are created to attract foreign investment, boost industrial growth, and generate employment by offering benefits such as tax incentives, easier regulations, and infrastructure support. These zones help promote economic development, encourage export-oriented industries, and improve competitiveness. While they operate under special policies, SEZs are integrated parts of the national economy but with more favorable conditions to stimulate business activities.