@Revolution:Global Business News

New Economy, Leadership, Entrepreneurship, Management, Global Business

India’s Way: Crafting Special Economic Zones

Posted by iBlog on August 9, 2007

In June 2005, the Indian government passed an act intended to significantly increase exports by legalizing the creation of numerous Special Economic Zones (SEZs). These zones are designed to increase economic growth and lure foreign investment with incentives such as tax exemptions and industrial business parks. SEZs have existed in Asia for many years now, and their success in China prompted India to introduce the same policy in 2000. As India embarks on its own SEZ program, it should study China’s policies and success, but it must be wary of a wholesale importation of China’s methods. India must acknowledge and take into account the vast differences between the two countries when crafting its own policies.

Read the full article in Harvard International Review

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