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Q.

Choose the given statement as true/false:

The Indian government has taken special measures for the setting up of SEZs.

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a

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b

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Detailed Solution

The above statement is true.
The Indian government has positively created facilities to attract foreign investors to set up SEZs, i.e., Special Economic Zones. In 2000, India announced the Special Economic Zone Policy, which ensured that SEZs would be the country's chief engine of economic growth. To support this, several measures are taken, such as providing world-class infrastructure facilities, good fiscal packages, and as many minimum regulations as possible. In addition, the companies are exempted from paying taxes in the initial years, along with very flexible labour laws.

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