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of <h1>SEZ Scheme Boosts Exports and Investments with Tax-Free Goods, Streamlined Approvals, and Robust Infrastructure under SEZ Act, 2005.</h1> The Special Economic Zone (SEZ) scheme, initiated in April 2000, aims to foster an internationally competitive environment for exports by offering tax-free goods and services, integrated infrastructure, and streamlined approval processes to attract investments. The SEZ Act, 2005, provides a stable policy framework, governing SEZ activities through the SEZ Rules, 2006, under the Department of Commerce. SEZs promote economic activity, exports, investment, employment, and infrastructure development while ensuring national security. As of October 2022, 376 SEZs have been notified, with 270 operational, including IT/ITES, multi-product, and sector-specific zones, housing 5,620 units by March 2023.
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