A Study on the Performance Evaluation of Special Economic Zone Units on the Basis of Infrastructure Development in Kerala

Abstract

A Special Economic Zone is a trade capacity development tool with the goal to promote rapid economic growth by using tax and business incentives to attract foreign investment and technology. Special Economic Zone (SEZ) is a geographical region that has economic laws that are more liberal than a country's typical economic laws. SEZs attract investment and foreign exchange, spur employment and boost the development of improved technologies and infrastructure. In India, Special Economic Zones are being established in an attempt to deal with infrastructural deficiencies, procedural complexities, bureaucratic hassles and barriers raised by monetary, trade, fiscal, taxation, tariff and labour policies. Special Economic Zones/Export Processing Zones are being established as industrial enclaves for expediting the process of industrialization.