Special Economic Zone (SEZ)
A Special Economic Zone (SEZ) is an area within a country where there are different trade and business laws from the remaining regions of the country. SEZs are broadly located inside the national borders of a country.
There are multiple aims of these zones including an increase in trade, an increase in the investment, more employment generation, and better administration. Countries create special economic zones motivated by the need to attract foreign direct investment (FDI). A company located within an SEZ will get many benefits; it will be able to produce and trade goods at globally competitive prices.