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Special Economic Zones - Infrastructure, Interdisciplinary issues in Indian Commerce Video Lecture | Interdisciplinary Issues in Indian Commerce - B Com
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FAQs on Special Economic Zones - Infrastructure, Interdisciplinary issues in Indian Commerce Video Lecture - Interdisciplinary Issues in Indian Commerce - B Com
| 1. What are Special Economic Zones (SEZs) and why are they important for Indian commerce? |  |
Ans. Special Economic Zones (SEZs) are designated areas within a country that have special economic regulations and policies to attract foreign direct investment and promote exports. In India, SEZs play a crucial role in boosting industrialization, employment generation, and economic growth. They provide various incentives such as tax benefits, simplified procedures, and world-class infrastructure to attract domestic and foreign companies.
| 2. What kind of infrastructure is required in Special Economic Zones? | |
Ans. Special Economic Zones require robust infrastructure to attract businesses and facilitate their operations. This includes well-connected transportation networks, reliable power supply, quality housing facilities, modern telecommunication systems, and a well-developed social infrastructure. The availability of such infrastructure ensures smooth operations, enhances productivity, and attracts investments.
| 3. What are the interdisciplinary issues related to Special Economic Zones in Indian commerce? | |
Ans. Special Economic Zones in Indian commerce face several interdisciplinary issues. One such issue is the need for coordination between different government departments and agencies involved in the development and management of SEZs. This includes departments such as finance, commerce, urban development, and environment. Other issues include addressing environmental concerns, ensuring inclusive growth, resolving land acquisition disputes, and managing labor-related issues.
| 4. What are the benefits of Special Economic Zones for Indian commerce? | |
Ans. Special Economic Zones offer various benefits for Indian commerce. Firstly, they attract foreign direct investment, leading to increased industrialization and employment opportunities. SEZs also promote exports, contributing to the country's foreign exchange earnings. Additionally, they facilitate technology transfer, promote skill development, and foster innovation. The tax benefits and simplified procedures in SEZs further enhance the ease of doing business.
| 5. What challenges do Special Economic Zones face in Indian commerce? | |
Ans. Special Economic Zones in Indian commerce face several challenges. One major challenge is the acquisition of land, as it often involves displacing local communities and can lead to protests and legal disputes. Environmental concerns, such as pollution and natural resource depletion, also need to be addressed. Additionally, ensuring inclusive growth and equitable distribution of benefits within and outside the SEZs is a challenge. Lastly, managing labor-related issues, such as ensuring fair wages and good working conditions, is crucial for the success of SEZs.
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Dec 23, 2024 Last updated |
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