Question

Q23. Consider the following statements about Coastal Economic Zone (CEZ).

1. CEZs are spatial economic regions comprising group of coastal districts or districts with strong linkage to ports in region to tap into synergies with planned industrial corridor projects.

2. CEZ will be developed as part of plan for developing 14 such industrial clusters to spur manufacturing and generate jobs.

Which of the above statements are correct?

• A. a) 1 only
• B. b) 2 only
• C. c) Both 1 and 2
• D. d) Neither 1 nor 2

Answer 1

The correct option is C

c) Both 1 and 2

Coastal Economic Zone (CEZ)

• CEZs are spatial economic regions comprising group of coastal districts or districts with strong linkage to ports in region to tap into synergies with planned industrial corridor projects.
• These zones are expected to provide business-friendly ecosystem including ease of doing business, ease of exporting and importing, swift decisions on applications for environmental clearances and speedy water and electricity connections.

Key Facts

• CEZ will be developed as part of plan for developing 14 such industrial clusters to spur manufacturing and generate jobs.
• The plan envisages total investment of Rs 15,000 crore in first phase and creation of more than 1.5 lakh jobs.
• The idea is to attract large firms interested in serving export markets as they will bring with them capital, technology, good management practices and links to world markets.
• This in turn will help create ecosystem around them in which productive small and medium firms will emerge and flourish.