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When was the first EPZ set up in Kandla?
1965
1970
1977
1975
History of EPZs in India shows the evolution of the special economic zones in India. The government of India has taken various efforts in order to promote the setting up of more and more EPZs in the country. Export Processing Zones are specialized areas in a country where tariffs are eliminated in the hope of attracting FDI and new business. The main objectives behind the setting up of Export Processing Zones in India are to encourage export and foreign exchange earnings. The History of Export Processing Zones in India goes back to the 1960s and can be divided into four phases. The initial phase of the EPZs in India, which lasted from 1964 to 1985, witnessed the setting up of the first zone in Kandla in 1965. This was followed by the establishment of the EPZ in Santacruz, which started its operations in 1973.
By: Himani Bihagra ProfileResourcesReport error
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