Coastal Economic Zone

Recently, fourteen Coastal Economic Zones (CEZs) were envisaged including three in the state of Tamil Nadu, under the National Perspective Plan of the Sagarmala Programme.

  • It was proposed to create an institutional framework and develop one CEZ project on a pilot basis for enabling Port Led Industrialization and incentivize employment generation.

About CEZs

  • It refers to designated coastal areas with special economic regulations such as tax incentives and lower tariffs to make it friendly for foreign direct investment.
  • It is similar to Special Economic Zone (SEZ) but focuses on coastal development projects such as the development of port-proximate industrial clusters, promoting port-led ....
Do You Want to Read More?
Subscribe Now
To get access to detailed content

Already a Member? Login here

Take Annual Subscription and get the following Advantage
The annual members of the Civil Services Chronicle can read the monthly content of the magazine as well as the Chronicle magazine archives.
Readers can study all the material since 2018 of the Civil Services Chronicle monthly issue in the form of Chronicle magazine archives.
Be an Annual Subscriber

Current Affairs