The correct answer is: B. Kandla
Kandla Export Processing Zone (KEPZ) was the first Export Processing Zone (EPZ) declared as Free Trade Zone (FTZ) in India. It was established in 1965 in the Kandla Port Trust area in Gujarat. The zone is spread over an area of 1,000 acres and is home to over 100 companies from various sectors such as textiles, electronics, chemicals, and pharmaceuticals.
The main objective of KEPZ is to promote exports and foreign investment. The zone offers a number of incentives to investors, such as tax breaks, duty-free imports of raw materials and capital goods, and a simplified regulatory framework.
KEPZ has been a major success story for India’s export-oriented industrialization strategy. The zone has contributed significantly to the country’s foreign exchange earnings and has created thousands of jobs.
The other options are incorrect because:
- Santacruz Export Processing Zone (SEPZ) was established in 1974.
- Noida Export Processing Zone (NEPZ) was established in 1976.
- Falta Export Processing Zone (FEPZ) was established in 1981.