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Q.

The aim of ____ developed by the Indian government is to attract foreign investment.


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Detailed Solution

The aim of Special Economic Zones developed by the Indian government is to attract foreign investment.
The Indian government has created different areas called Special Economic Zones. These areas are responsible for providing various facilities to MNCs, like cheap electricity, power, storage, and transportation facilities. It is a tool to attract MNCs. The government also has flexible labour laws so MNCs can hire labour easily. It has also removed many restrictions on foreign trade and foreign investment. MNCs can easily export to our country and set up production units and factories.
 
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