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Q.

The ____ are set up by the government to attract foreign companies to invest in India.


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Detailed Solution

The special economic zones are set up by the government to attract foreign companies to invest in India. The rules and regulations in these zones are much different from the entire nation. Such regions are part of the nation geographically but not politically. The special economic zones have world-class facilities such as water, road, transport, storage, recreational and educational facilities. Companies in these regions do not have to pay taxes for five years. The labour laws formed in these areas are different to attract foreign investors.
 
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The ____ are set up by the government to attract foreign companies to invest in India.