Special economic zones are geographical regions that have more liberal economic laws than a country's typical laws. They are intended to be engines of economic growth. India's SEZ policy aims to enhance foreign investment, promote exports, and create opportunities for domestic businesses. As of 2007, India had over 200 functional SEZs. West Bengal passed a SEZ law in 2003 to accelerate economic reforms. SEZs in West Bengal have grown industries like jewelry production and provided employment opportunities, but they also face issues like criticisms of land acquisition practices.

1. SPECIAL ECONOMIC ZONES

3. engines for economic growth

6. Important Sez centers in china and its contribution to the Chinese society

7. Shenzhen -the premier Sez in china revolutionizing the economy

8. Maximum utilization of its resources

9. IMPROVEMENT of standard of livingstandard of living

10. Pros and cons of SEZ SEZ -------------A necessary evil?????? Encourage disparity in wealth Arm twist of indigenous traders Too much leniency to foreign establishments

12. SEZ Act was approved in May 2005,& came into effect from 10th February, 2007.

13. As of 2007, there were 200 functional SEZs in India.

16. Policy provides for setting up of SEZ in Public-Private Joint Sector or by State Govt.

17. SriCity Multiproduction SEZ in the epicenter of Andhra Pradesh & Tamilnadu.

18. Development of infrastructural facilities

19. Earning Foreign Exchange.

21. WEST BENGAL: THE EASTERN CORRIDOR OF INDIA Liberalization, Privatization and Globalization (LPG policy). West Bengal Special Economic Zones Act, 2003 was passed so as to accelerate economic reforms.

22. CURRENT FUNCTIONAL SEZ’s IN WEST BENGAL :

24. Development of this industry helps augment rural economic base.

25. Sectoral growth of has been very fast @ 77.50% since 1994-1995

27. Benefits by SEZ in W.B leading to employment

28. SEZ: ARGUMENTS IN FAVOUR AND AGAINST The debate on the losses or gains due to the SEZ policy is tantamount to missing the wood for the trees. In India the issue has currently been a matter of public concern and intense debates

29. IN FAVOUR Need for Land Acquisition Food Security export and investment

31. Employment

32. Environmental Degradation

33. Revenue Loss or Gain

35. THANK YOU PRESENTED BY SREEPARNA BHATTACHARYA MANJIMA BISWAS BAISAKHI CHAKRABORTY SAMRIDHI BHATTACHARYA MOULI CHAKRABORTY