SEZ meaning in Ministry of Commerce and Industry ?

Answer:

What is Special Economic Zone mean?

A special economic zone (SEZ) is an area in which the business and trade laws are different from the rest of the country. SEZs are located within a country's national borders, and their aims include increasing trade balance, employment, increased investment, job creation and effective administration. To encourage businesses to set up in the zone, financial policies are introduced. These policies typically encompass investing, taxation, trading, quotas, customs and labour regulations. Additionally, companies may be offered tax holidays, where upon establishing themselves in a zone, they are granted a period of lower taxation.

The creation of special economic zones by the host country may be motivated by the desire to attract foreign direct investment (FDI). The benefits a company gains by being in a special economic zone may mean that it can produce and trade goods at a lower price, aimed at being globally competitive. In some countries, the zones have been criticized for being little more than labor camps, with workers denied fundamental labor rights.

reference

Full Form	Category
Single Ended Impedance	Academic & Science
Mahe Island	Airport Code
Seriously Erroneous Zone	Business
Set Zero Flag	Computing
Sony Ericsson Z	General
Special Export Zone	General
South East Zone	General
Steinbeis Europa Zentrum	General
Special Equity Zones	General
Self Esteem Zen	General
Special Econamic Zone	General
Solar Energy Zone	Governmental
Southern Economic zone	Governmental
Specific Economic Zones	Governmental
Special Energy Zone	Governmental
Says	Internet
Special Economic Zone	Ministry of Commerce and Industry
Mahe Island, Indian Ocean, Seychelles Island	Regional
South End Zone	Sports
Seychelles International Airport	Transport & Travel