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 economic growth.
SEZs offer a number of advantages to businesses, including:
- Reduced or eliminated tariffs and taxes
- Fewer regulations
- Increased access to land and other resources
- Preferential treatment for foreign investors
These advantages can help businesses to reduce costs, increase efficiency, and expand their operations. As a result, SEZs can play a significant role in promoting economic growth and development.
In the case of Arunachal Pradesh, the development of SEZs is expected to have a number of benefits, including:
- Increased employment opportunities
- Increased foreign investment
- Increased exports
- Improved infrastructure
- Increased economic growth
The development of SEZs in Arunachal Pradesh is still in its early stages, but it has the potential to bring significant benefits to the state.
Option a) Facilitate export-oriented industries: SEZs are designed to facilitate export-oriented industries by offering a number of advantages, such as reduced tariffs and taxes, fewer regulations, and increased access to land and other resources. These advantages can help businesses to reduce costs, increase efficiency, and expand their operations. As a result, SEZs can play a significant role in promoting economic growth and development.
Option b) Create jobs: SEZs can create jobs in a number of ways. First, they can attract foreign investment, which can lead to the creation of new businesses and jobs. Second, they can provide a platform for local businesses to expand, which can also lead to the creation of new jobs. Third, they can provide training and skills development opportunities for local workers, which can make them more employable.
Option c) Attract foreign investment: SEZs offer a number of advantages to foreign investors, such as reduced tariffs and taxes, fewer regulations, and increased access to land and other resources. These advantages can help foreign investors to reduce costs, increase efficiency, and expand their operations. As a result, SEZs can play a significant role in attracting foreign investment and promoting economic growth.