SPECIAL ECONOMIC ZONE &

ECONOMIC DEVELOPMENT

CONTENTS

INTRODUCTION ABOUT SEZ

DEFINITION
OBJECTIVES
IMPORTANCE
SEZ’S IN A.P.

INTRODUCTION ABOUT SEZ

SEZ WAS INTRODUCED IN THE YEAR 2000, NOW WE HAVE MORE THAN 100 SEZ’S IN INDIA.
ANDHRA PRADESH IS IN FIRST PLACE WITH MORE SEZ’S.
TO DEVELOP THE NATION INDUSTRIALLY THE CENTRAL GOVT IS VERY KEEN TO
ESTABLISH SEZ IN VARIOUS PARTS OF THE COUNTRY .
THEY ARE ATTRACTING MNCS BY PROVIDING FREE LAND, PROPER INFRASTRUCTURE
AND OTHER FACILITIES.

DEFINITION

SEZ IS DEFINED AS A TECHINIQUE TO DEVELOP THE NATION ECONOMICALLY. SO SEZ’S

ARE TO BE ENCOURAGED BY THE GOVT.
TO ENHANCE INDUSTRIAL PRODUCTIVITY ,
EMPLOYMENT OPPORTUNITIES,
PER CAPITA INCOME DEVELOPMENT AND G.D.P. GROWTH.

OBJECTIVES
TO PROVIDE EMPLOYABILITY
TO REMOVE POVERTY
TO DEVELOP RURAL POPULATION AS WELL AS RURAL AREAS.
TO REDUCE CURRENT ACCOUNT DEFICIT IN B.O.P. THROUGH THE IMPROVEMENT OF
EXPORTS.

IMPORTANCE
GENERATE MORE NUMBER OF EMPLOYMENT OPPORTUNITIES
INCREASE THE PER CAPITA INCOME OF OUR COUNTRY
STIMULATES EXPORTS AND IMPORTS
IT INCREASES INCOME LEVEL OF CITIZENS, INCREASE COMPETITION AND LOWER LABOUR
COST
INCREASES INTERNATIONAL MARKET SHARE
SEZ’S IN A.P.
74 SEZ’S ARE LOCATED AROUND HYDERABAD.
IN A.P SEZ’S ARE ESTABLISHED IN NELLORE AND CHITTOOR [DIST].
AMONG ALL THE STATES IN INDIA A.P. IS IN FIRST PLACE.
SEZ’S ARE LOCATED IN NELLORE LIKE “KRISHNA PATNAM PORT” AND APACHE
COMAPANY.

ROLE SEZ'S IN ECONOMIC DEVOLPMENT

TO ENHANCE THE GOVERNMENT REVENUE THROUGH TAXES
TO ENHANCE THE INFRASTRUCTURE FACILITIES.
TO ENHANCE THE INDUSTRIAL PRODUCTIVITY.
FOSTERING THE PROGRESS OF ECONOMIC GROWTH.
IMPROVING THE LIVING STANDARDS.
AVALIABILITY OF VARIOUS PRODUCTS FOR CHOICE OF THE PEOPLE
REDUCING THE REGIONAL DISPARITIES BY ESTABLISHING SEZ IN UNDEVLOPED AREAS OF
THE COUNTRY

ECONOMIC DEVELOPMENT
ECONOMIC DEVELOPMENT IN TERMS OF PERSONAL FREEDOM TO CHOOSE FROM A RANGE
OF OPTIONS
ECONOMIC DEVELOPMENT IS NOT PURELY AN ECNOMIC PHENOMENON, BUT RATHER A
MULTIDIMENSIONAL PROCESS INVOLVING RE ORGANISATION AND RE ORIENTATION OF
THE ENTIRE ECONOMIC AND SOCIAL SYSTEM.

FACTORS EFFECTING IN ECONOMIC DEVELOPMENT

ECONOMIC DEVELOPMENT
CAPITAL FORMATION
MARKATABLE SURPLUS OF AGRICULTURE
CONDITIONS IN FOREIGN TRADE &
ECONOMIC SYSTEM

ROLE NON ECONOMIC FACTORE IN ECONOMIC DEVELOPMENT

HUMAN RESOURCES
TECHNICAL KNOW – HOW AND GENERAL EDUCATION
POLITICAL FREEDOM
SOCIAL ORGANISATION
CORRUPTION
DESIRE TO DEVELOP

CONCLUSION
INDIA HAS BEEN SUFFERING FROM CURRENT ACCOUNT DEFICIT FROM LAST TWO
DECADES.BY OBSERVING CHINA GROWTH RATE IN INDUSTRILISATION AND ECONOMIC
DEVELOPMENT INDIA ALSO STARTED ESTABLISHING SEZ FROM YEAR 2000 ONWARDS BY
PROVIDING VARIOUS FACILITIES. AND TO IMPROVE THE EXPORTS STILL IT IS NOT
CONTRIBUTING ANY INCOME OF GDP IN FUTURE IT WILL BE MORE BENEFITTED TO OUR
COUNTRY.