Special Economic Zones (SEZ)

Special Economic Zones (SEZ) are designated areas within a country where businesses can operate under different rules than the rest of the nation, often to encourage investment and economic growth. These zones typically offer incentives such as tax breaks, reduced regulations, and improved infrastructure to attract foreign and domestic companies. The goal of SEZs is to boost trade, create jobs, and stimulate local economies. They are commonly used in countries like China and India to facilitate industrial development and foreign direct investment.