SEZs firms are able to sell their products locally or can export without restrictions.

Presentation of SEZs

The Special Economic Zones Act (2015) regulates SEZs. The legislation notably stipulates that the following areas might be declared as special economic zones

In order to operate in a SEZ, investors must obtain a license from the Special Economic Zones Authority. Three types of licences are issued:

Benefits of producing under the SEZ scheme

The scheme offers extra tax incentives for investors.