What does the E stand for in SEZ?

Correct option is C

The E in SEZ stands for Special Economic Zone. SEZs are duty-free enclaves that are considered foreign territory for trade purposes. The Special Economic Zones Act, 2005 was passed by Parliament to establish, develop, and manage SEZs to promote exports. 

SEZs are designed to:

• Provide a competitive environment
• Encourage foreign direct investment (FDI) and GDP
• Increase India's share in global exports
• Create employment opportunities
• Boost infrastructure development
• Promote growth in the manufacturing sector 

Some examples of SEZs in India include:

• SEEPZ- Andheri (East), Mumbai
• Khopata, Mumbai
• Navi Mumbai, Mumbai
• Salt Lake Electronic City, West Bengal
• Manikanchan, West Bengal