Sezs : - India vs China
Are They Good for the Country?
Ram Krishna Ranjan
Special Economic Zones:
CCS Working Paper No. 156 Summer Research Internship Program 2006 Centre for Civil Society www.ccs.in
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Contents
i. ii. Executive summary Major findings
Section-1 (SEZ policy: An overview) 1.1 Introduction 1.2 Evolution of EPZs/SEZ in India 1.3 How SEZs are different from EPZs 1.4 Objectives of SEZ policy 1.5 Establishing SEZs 1.6 Setting up units 1.7 Important features of SEZ policy and incentives given to SEZ Section-2 (Performance Analysis) Introduction 2.1 Share in total exports: aggregate analysis 2.2 FDI inflow and employment generation Section-3 (International Experience) 3.1 Comparative study of China 3.2 Comparative study with other countries Section-4 (Case Study) 4.1 Introduction 4.2 Reasons for NSEZ’s success Section- 5 (Policy Analysis: a critical approach) 4.1 Corporate Welfare 4.2 Real Estate Scam 4.3 Migration 4.4 Labour Policy 4.5 Heavy Economic Cost 4.6 Conclusion
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Executive Summary
India over the past decade has progressively opened up its economy to effectively face new challenges and opportunities of the 21st Century. To compete in the global market, the Government of India (GoI) has liberalized export policies & licensing of technology and implemented tax reforms providing various incentives. Special Economic Zone (SEZ) policy is also one of the steps India has taken to boost economic growth through outward looking approach. Special economic zone is a specifically duty fee enclave and shall be deemed to be foreign territory for the purpose of trade operations and duties and tariffs. When SEZ policy was introduced in the country, it made headlines and people started considering it as a policy to create a hassle free and investment friendly environment. The main objective of this research paper is to analyze SEZ policy in terms of export performance, FDI inflow, employment generation and overall physical and financial infrastructure building.
Ram Krishna Ranjan
Special Economic Zones:
CCS Working Paper No. 156 Summer Research Internship Program 2006 Centre for Civil Society www.ccs.in
1
Contents
i. ii. Executive summary Major findings
Section-1 (SEZ policy: An overview) 1.1 Introduction 1.2 Evolution of EPZs/SEZ in India 1.3 How SEZs are different from EPZs 1.4 Objectives of SEZ policy 1.5 Establishing SEZs 1.6 Setting up units 1.7 Important features of SEZ policy and incentives given to SEZ Section-2 (Performance Analysis) Introduction 2.1 Share in total exports: aggregate analysis 2.2 FDI inflow and employment generation Section-3 (International Experience) 3.1 Comparative study of China 3.2 Comparative study with other countries Section-4 (Case Study) 4.1 Introduction 4.2 Reasons for NSEZ’s success Section- 5 (Policy Analysis: a critical approach) 4.1 Corporate Welfare 4.2 Real Estate Scam 4.3 Migration 4.4 Labour Policy 4.5 Heavy Economic Cost 4.6 Conclusion
2
Executive Summary
India over the past decade has progressively opened up its economy to effectively face new challenges and opportunities of the 21st Century. To compete in the global market, the Government of India (GoI) has liberalized export policies & licensing of technology and implemented tax reforms providing various incentives. Special Economic Zone (SEZ) policy is also one of the steps India has taken to boost economic growth through outward looking approach. Special economic zone is a specifically duty fee enclave and shall be deemed to be foreign territory for the purpose of trade operations and duties and tariffs. When SEZ policy was introduced in the country, it made headlines and people started considering it as a policy to create a hassle free and investment friendly environment. The main objective of this research paper is to analyze SEZ policy in terms of export performance, FDI inflow, employment generation and overall physical and financial infrastructure building.
References: 1. Official Website of SEZ. http:// sezindia.nic.in. 2006, accessed on 23 May 2006 2