Conception of Special Economic Zones in India

It is true that Special Economic Zones in India are afflicted with various issue but to march forward on the path of growth, India needs widespread base for industry. SEZs can play a vital role in this regard because clustering of industries can lead to better utilization of infrastructure and therefore lower infrastructure cost per unit of output and hence can promote private investments. A problem-solving approach might be helpful in addressing various issues involved with SEZs and to integrate these with overall economy and further with the entire social system. This paper is a descriptive study on special economic zones in India, begins with the projection of need to make the economic environment in India, conducive for investment and hence the need for SEZs. It further discusses the concept and history of SEZs and focuses on SEZs in India. Subsequently it touches upon some of the issues involved in the setting up of SEZs in India along with the conclusion.