Correct option is D
The correct answer is: (d) Kandla
Explanation:
India’s first Export Processing Zone (EPZ) was established in Kandla, Gujarat, in 1965.
Explanation:
India’s first Export Processing Zone (EPZ) was established in Kandla, Gujarat, in 1965.
The Kandla EPZ was among Asia’s first EPZs and marked a significant step towards liberalising India’s foreign trade policy even before the 1991 reforms.
Information Booster:
• EPZs help in foreign exchange earnings, employment generation, and technology transfer.
• EPZs offered duty-free imports, tax exemptions, and simplified procedures.
• The concept of SEZs was introduced in 2000 to further boost trade and investment.
• SEZ Act, 2005 came into force on 10th February 2006.
• Other prominent SEZs are located in Noida, Chennai, and Cochin.
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