Government of India first introduced the concept of SEZ in the export import policy 2000 with a view to provide an internationally competitive and hassle-free environment for exports. SEZ refers to a specially demarcated territory usually known as ‘deemed foreign territory’ with tax holidays, exemption from duties for export and import, world level economic and social infrastructure for production and augmentation of export activities within the territory along with facilities like abundant and relatively cheap labour, strategic location and market access, etc.
