Export-oriented industries
Tourism-related industries
Small-scale industries
Agricultural processing industries
Answer is Right!
Answer is Wrong!
The correct answer is: A) Export-oriented industries.
Special Economic Zones (SEZs) are designated areas with economic and trade laws that are different from the rest of the country. They are designed to attract foreign investment and promote exports. SEZs in Karnataka offer a number of incentives to export-oriented industries, including:
- Tax breaks
- Duty-free imports of raw materials and capital goods
- Exemption from labor laws
- Fast-track approvals for investment and clearances
These incentives have made SEZs in Karnataka a popular destination for foreign investors. In recent years, the state has seen a significant increase in investment in SEZs, particularly in the IT and manufacturing sectors.
The other options are incorrect because:
- Tourism-related industries are not specifically targeted by SEZ incentives in Karnataka.
- Small-scale industries are eligible for some incentives in SEZs, but they are not the primary focus of the SEZ program.
- Agricultural processing industries are not eligible for any special incentives in SEZs.