• BIMALENDU BAL

In the current scenario the Indian Capital markets are touching the newer and newer heights like never before and the India story continues to capture the imagination of the world. Very recently a long time borrower, our country is today a lender to various international organizations. One of the major keys to this great achievement is relaxation in foreign trade policy which helped in motivating the foreign investors (FII, FDI) to pour huge amount of money in India. Special Economic Zone (SEZ) is one of such successful policies who are driving India’s growth. India was one of the first countries in Asia to recognize the effectiveness of the Export Processing Zone (EPZ) model in promoting export. The SEZ Act was passed by Parliament in May, 2005. After extensive discussions, the SEZ Act, 2005, supported by SEZ Rules, came into effect on 10 February 2006, providing for drastic simplification of procedures and for single window clearance on matters relating to central as well as state governments. After functioning of the Special Economic Zone Policy, economic movement gained some speed in terms of mass employment generation, quality infrastructure development, increase in foreign exchange, growth in export, etc. It also works as a magnetic field to gather both domestic and international investments in some specified underdeveloped zones. This paper analyzes the impact of SEZs on export growth, employment generation and investment opportunities in India in post enactment period and also attempts identify the relationship among them.

SEZs, Export, Employment, Investment

"ASSESSMENT OF SPECIAL ECONOMIC ZONES IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 3, page no.c6-c11, March-2024, Available :http://www.jetir.org/papers/JETIR2403202.pdf

"ASSESSMENT OF SPECIAL ECONOMIC ZONES IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 3, page no. ppc6-c11, March-2024, Available at : http://www.jetir.org/papers/JETIR2403202.pdf