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Q.

To attract foreign investment in India, the government of India has established industrial zones which are known as ____.


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Detailed Solution

To attract foreign investment in India, the government of India has established industrial zones, which are known as Special economic zones. The government provides world-class facilities in the Special economic zones like water, electricity, education, transport, etc. The companies that come forward to set up production units in these zones are exempted from giving taxes five years from the setup date. Labour laws flexibility has been allowed by the government to attract foreign investment.
 
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