SEZs drive exports, forex earnings: VSEZ commissioner
Visakhapatnam Special Economic Zone (VSEZ) officials highlighted the role of SEZs in driving India's export growth and industrialization. They emphasized that investor-friendly policies and infrastructure have transformed these zones into competitive manufacturing hubs.
Why it matters
SEZs are critical to India's economic strategy for attracting foreign investment and boosting employment.
Special Economic Zones (SEZs) act as powerful catalysts for India’s export growth and foreign exchange earnings, besides driving industrialisation, attracting investments, and generating employment, said Visakhapatnam Special Economic Zone (VSEZ) Development Commissioner M. Srinivas on Friday.
Addressing an interactive session organised by the Public Relations Society of India (PRSI), Visakhapatnam chapter, Mr. Srinivas highlighted that investor-friendly policies and world-class infrastructure transformed SEZs into globally competitive manufacturing and export hubs. He noted that the enactment of the SEZ Act in 2005 successfully transitioned the regime from Export Processing Zones (EPZs) into robust SEZs, fostering an ideal ecosystem for export-oriented industries.
Get smarter about the news
Sign up free for a feed built around what you actually care about, Dive Deeper research on any story, and the full text of every article.
Create free accountAlready have an account? Sign in