The correct answer is: All of the above.
Industrial parks and special economic zones (SEZs) are designated areas that offer a range of incentives to businesses, including tax breaks, subsidies, and access to infrastructure. These incentives are designed to attract foreign investment and create jobs.
Industrial parks and SEZs can also help to promote economic development by clustering related industries together. This can lead to economies of scale, as businesses can share resources and expertise. It can also help to attract skilled workers and customers.
In Assam, the establishment of industrial parks and SEZs is part of the state government’s efforts to promote economic development. The government hopes that these zones will attract foreign investment and create jobs, which will help to improve the lives of the people of Assam.
Here is a brief explanation of each option:
- Provide infrastructure for industries. Industrial parks and SEZs typically have access to a range of infrastructure, including roads, railways, airports, and power supplies. This infrastructure can be expensive to build, so it can be a major barrier to entry for businesses. By providing this infrastructure, the government can make it easier for businesses to set up and operate in Assam.
- Attract foreign investment. Foreign investment can help to boost economic growth and create jobs. By offering incentives to foreign investors, the government can attract investment from companies that may not otherwise have considered investing in Assam.
- Create clusters of related industries. Clusters of related industries can help to promote innovation and efficiency. Businesses in a cluster can share resources and expertise, and they can also compete with each other to improve their products and services. This can lead to lower costs and higher quality products for consumers.