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Special Economic Zones Act, 2005 (Act No. 28 of 2005).

Country/Territory
India
Document type
Legislation
Date
2005
Source
FAO, FAOLEX
Long title
An Act to provide for the establishment, development and management of the Special Economic Zones for the promotion of exports and for matters connected therewith or incidental thereto.
Subject
General
Keyword
International trade Legal proceedings/administrative proceedings Agricultural commodities
Geographical area
Asia, Asia and the Pacific, Indian Ocean, South Asian Seas, Southern Asia
Entry into force notes
This Act enters into force on 10 February 2006.
Abstract

This Act, consisting of 58 sections divided into seven Chapters and three Schedules, provides for the establishment, development and management of the Special Economic Zones for the promotion of exports. In particular, it establishes that a Special Economic Zone may be established by the Central Government, State Government, or any person for manufacture of goods or rendering services or for both or as a Free Trade and Warehousing Zone. Any person, who intends to set up a Special Economic Zone, may, after identifying the area, make a proposal to the State Government concerned for the purpose of setting up the Special Economic Zone. The Central Government, while notifying any area as a Special Economic Zone or an additional area to be included in the Special Economic Zone and discharging its functions under this Act, shall be guided by the following, namely: a) generation of additional economic activity; b) promotion of exports of goods and services; c) promotion of investment from domestic and foreign sources; d) creation of employment opportunities; e) development of infrastructure facilities; and f) maintenance of sovereignty and integrity of India, the security of the State and friendly relations with foreign States.

Full text
English
Website
indiacode.nic.in