SEZs (Special Economic Zones) in Bihar are established to:

by

Promote export-oriented industries
Provide tax benefits and simplified procedures
Attract foreign investment
All of the above

The correct answer is: d) All of the above.

SEZs (Special Economic Zones) are designated areas with economic and trade laws that are more liberal than a country’s standard commercial laws. They are established to promote export-oriented industries, provide tax benefits and simplified procedures, and attract foreign investment.

SEZs offer a number of advantages to businesses, including:

  • Tax breaks: SEZs typically offer tax breaks on corporate income tax, import duties, and export taxes.
  • Simplified procedures: SEZs have
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simplified procedures for setting up and operating a business, such as faster approvals and less paperwork.
  • Access to infrastructure: SEZs typically have access to high-quality infrastructure, such as roads, power, and water.
  • Skilled workforce: SEZs typically have access to a skilled workforce, as they are often located in areas with good educational and training facilities.

    • These advantages have made SEZs popular with businesses, and they have been successful in attracting foreign investment and promoting export-oriented industries.

    In Bihar, SEZs have been established in a number of locations, including Patna, Muzaffarpur, and Gaya. These SEZs have attracted a number of businesses, including multinational corporations such as Samsung and LG. The SEZs have been successful in promoting export-oriented industries and attracting foreign investment.

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