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 ....
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