The total number of Special Economic Zones notified by the Government of India till March 2011 under the SEZ Act, 2005 is
386
The Special Economic Zones Act, 2005, with the SEZ Rules, came into force on 10 February 2006. An SEZ passes through stages: in-principle approval, formal approval by the Board of Approval, and notification by the central government, after which units can start operating.
SEZs are duty-free enclaves treated as foreign territory for trade operations, duties and tariffs, created to promote exports, attract investment and generate employment.
Ministry of Commerce figures for early 2011 showed about 580 formal approvals and notified SEZs in the high three hundreds (around 380), of which only about 140 were exporting. The exact notified count differs with the cut-off date and the source used, so none of the printed figures can be verified as the exact count for March 2011.
For this reason the official key awarded marks to all candidates. The figures in the 150s, 180s and 280s are far too low for notified zones, so 386 is the nearest of the printed figures and is stored here.
Hence, 386.
Similar Questions
The highest percentage of export from India went to which of the following regions in 2013-14 ?
Match the items of List – I with the items in List – II and select a correct code :
List – I List – II a. Vishesh Krishi Upaj Yojana i. Scheme intended to reduce difficulties of exporters b. EPCG ii. Duty Entitlement Pass Book c. DFRC iii. To boost exports of fruits, vegetables, flowers, minor forest produce etc. d. DEPB iv. Relating to import of duty free fuel Codes :
a b c d
Important Questions from India’s foreign trade policy
- Which of the following acts governs the anti-dumping duty in India?
Foreign trade can contribute manifold to the growth. With reference to the role of foreign trade in economic development, which of the following statements is correct?
I. It enhances the welfare of domestic workers.
II. It helps to reduce poverty completely in all developing countries.
The Government of India on 27-9-22 extended the existing Foreign Trade Policy (2015-20) up to which one of the following on account of volatile global economic and geo-political situation and currency fluctuations?
Which of the following is true about India Trade Policy (Export-Import), 2015-2019?
a) Doubling the exports (both merchandise and services)
b) Achieve 3.5% share in global exports
c) Introduced two new schemes (MEIS and SEIS)
d) Introduced simplified Aayat-Niryat Form
Choose the correct answer from the following:
- As per the Foreign Trade Policy 2015-2020, a three star export house should have :
(1) Export performance (FOB/FOR) of US $ 100 million during current and previous two years.
(2) Export performance (FOB/FOR) of US $ 500 million during current and previous two years.
(3) Export performance (FOB/FOR) of US $ 1000 million during current and previous two years.
(4) Export performance (FOB/FOR) of US $ 2000 million during current and previous two years.
