The correct answer is: d) All of the above.
Special Economic Zones (SEZs) are designated areas with economic and trade laws that are more liberal than a country’s standard commercial regulations. They are designed to attract foreign investment and promote exports.
Andhra Pradesh government has set up SEZs to attract foreign investment, boost manufacturing, and promote exports. The SEZs offer a number of incentives to investors, including tax breaks, duty-free imports, and land at concessional rates. These incentives have helped to attract a number of foreign companies to the state, which has led to increased investment and job creation.
The SEZs have also helped to boost manufacturing in the state. The SEZs offer a number of advantages to manufacturers, including access to a skilled workforce, a good infrastructure, and a favorable business environment. These advantages have helped to attract a number of manufacturing companies to the state, which has led to increased production and exports.
Overall, the SEZs have been a success in Andhra Pradesh. They have helped to attract foreign investment, boost manufacturing, and promote exports. The SEZs have also helped to create jobs and improve the state’s economy.
Here is a brief explanation of each option:
- Option a) Attract foreign investment: SEZs offer a number of incentives to investors, including tax breaks, duty-free imports, and land at concessional rates. These incentives have helped to attract a number of foreign companies to the state, which has led to increased investment and job creation.
- Option b) Boost manufacturing: The SEZs offer a number of advantages to manufacturers, including access to a skilled workforce, a good infrastructure, and a favorable business environment. These advantages have helped to attract a number of manufacturing companies to the state, which has led to increased production and exports.
- Option c) Promote exports: The SEZs are located close to ports and airports, which makes it easy to export goods. The SEZs also offer a number of incentives to exporters, such as tax breaks and duty-free imports. These incentives have helped to promote exports from the state.