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1 | (14) |
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1 | (2) |
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1.2 India and the Importance of Special Economic Zones |
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3 | (1) |
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1.3 SEZs and Their Role in Economic Development |
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4 | (5) |
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9 | (2) |
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11 | (1) |
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12 | (3) |
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2 SEZs in Select Countries: A Comparison with India |
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15 | (36) |
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15 | (1) |
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2.2 Country Experiences that can be Compared with India |
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16 | (3) |
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2.3 Snapshot of Zones in the Selected Countries |
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19 | (5) |
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2.4 Administrative Framework and Regulation of Zones |
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24 | (4) |
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2.5 Land Acquisition and Choice of Location of SEZs |
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28 | (1) |
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2.6 Ownership and Development of Zones |
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29 | (1) |
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2.7 Incentives Offered to SEZs |
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30 | (4) |
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2.7.1 Fiscal Incentives Offered to SEZs |
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30 | (2) |
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2.7.2 Non-fiscal Incentives and Other Support Offered to SEZs |
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32 | (2) |
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34 | (6) |
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2.9 SEZs, Autonomous Liberalisation and Trade Agreements |
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40 | (3) |
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2.10 Conclusion and the Way Forward |
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43 | (8) |
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44 | (7) |
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3 SEZs in India: Evolution, Policy Framework and Current Status |
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51 | (22) |
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51 | (3) |
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3.1.1 Establishment of EPZs by the Central Government |
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53 | (1) |
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54 | (13) |
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3.2.1 The Regulatory Framework for SEZs |
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55 | (12) |
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3.3 Spread of SEZ: State-Wise Distribution and Sector Coverage of SEZs |
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67 | (4) |
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3.3.1 Distribution of SEZs Across States |
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68 | (2) |
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3.3.2 Sectoral Coverage of SEZs |
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70 | (1) |
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3.4 Conclusion and the Way Forward |
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71 | (2) |
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73 | (24) |
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73 | (1) |
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4.2 Analysis of Secondary Data |
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74 | (15) |
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4.2.1 Export Performance of SEZs |
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74 | (8) |
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82 | (1) |
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83 | (3) |
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4.2.4 NFE Earnings from SEZs |
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86 | (1) |
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4.2.5 Revenue Forgone from SEZs |
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87 | (2) |
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4.3 Performance of Developers: Evidence from the Primary Survey |
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89 | (2) |
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4.4 Performance of Units: Evidence from the Primary Survey |
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91 | (4) |
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4.4.1 Export Orientation of Production |
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91 | (1) |
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4.4.2 Import Intensity and Net Foreign Exchange Earnings from SEZs |
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92 | (1) |
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4.4.3 Employment Intensity of Production |
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93 | (1) |
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4.4.4 Overall Performance Assessment for SEZ Units |
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94 | (1) |
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4.5 Conclusion and the Way Forward |
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95 | (2) |
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5 Quality of the Business Environment: SEZs Versus DTA |
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97 | (20) |
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97 | (3) |
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100 | (2) |
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5.3 Motivations for Locating in SEZs |
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102 | (2) |
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5.4 Quality of Business Environment |
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104 | (9) |
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5.4.1 Quality of Business Infrastructure |
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104 | (5) |
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5.4.2 Ease of Access to Social Infrastructure |
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109 | (2) |
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5.4.3 Ease of Doing Business |
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111 | (2) |
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5.5 Conclusion and the Way Forward |
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113 | (4) |
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6 Special SEZs for Services: India's Experiences and the Way Forward |
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117 | (36) |
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117 | (2) |
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6.2 Free Trade Warehousing Zones |
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119 | (9) |
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128 | (6) |
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134 | (5) |
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6.5 SEZs for Aviation Maintenance, Repair and Overhaul (MRO) Services |
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139 | (7) |
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6.6 Potential Services SEZs |
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146 | (5) |
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6.6.1 Audio-Visual Services SEZs |
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146 | (3) |
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6.6.2 Professional Services |
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149 | (2) |
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6.7 Conclusion and the Way Forward |
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151 | (2) |
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7 SEZs and Other Industrial Clusters: Why Incentives Have Not Been Successful in Developing Manufacturing in India? |
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153 | (18) |
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153 | (3) |
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7.2 Cluster Development Policies and Schemes of the Central Government vis-a-vis the SEZ Policy |
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156 | (7) |
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7.3 State Government Policies and Schemes vis-a-vis SEZs |
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163 | (2) |
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7.4 Why Have Cluster-Based Development Polices and Schemes Failed to Attract Manufacturing? |
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165 | (3) |
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168 | (3) |
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8 SEZs in the Multilateral Trading System |
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171 | (28) |
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171 | (2) |
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8.2 Overview of the SCM Agreement |
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173 | (15) |
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8.2.1 Developing Countries and Special and Differential (S&D) Treatment in the SCM Agreement: Provisions for India |
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176 | (5) |
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8.2.2 Analysis of Countervailing Initiations and Measures Faced by India |
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181 | (2) |
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8.2.3 Special Economic Zones and the WTO Agreement on Subsidies and Countervailing Measures |
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183 | (2) |
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8.2.4 Special Economic Zones and Specific Subsidies |
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185 | (3) |
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8.3 Making the Special Economic Zones WTO-Compliant |
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188 | (6) |
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8.3.1 Use of Non-specific Subsidies |
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190 | (1) |
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8.3.2 Handling the WTO Inconsistency on Capital Goods |
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190 | (1) |
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8.3.3 Remission of Indirect Taxes on Inputs |
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191 | (1) |
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8.3.4 Remove the NFE Criteria and Allow DTA Sales from SEZ |
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191 | (1) |
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8.3.5 Government and Credit |
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192 | (1) |
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8.3.6 More Favourable Business Atmosphere |
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192 | (1) |
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8.3.7 Subsidies to SEZ Units and Corporate Social Responsibility (CSR) |
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193 | (1) |
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8.3.8 Subsidies Through Services |
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193 | (1) |
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8.3.9 Maintaining a Stable and Somewhat Undervalued Currency in the Face of a Currency Appreciation |
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194 | (1) |
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8.4 Conclusion and the Way Forward |
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194 | (5) |
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Appendix 1 From the Canada Border Services Agency Website |
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195 | (3) |
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198 | (1) |
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9 Special Economic Zones and Regional Trade Agreements |
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199 | (20) |
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199 | (3) |
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202 | (5) |
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9.3 Fallouts Associated with Signing RTAs: Inverted Duty Structure |
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207 | (1) |
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9.4 Unfavourable Treatment to SEZ Producers vis-a-vis FTA Partners |
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208 | (2) |
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9.5 FTAs, Tariff Structure and Horizontal FDI |
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210 | (1) |
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9.6 FTAs, Tariff Structures and Vertical FDI |
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211 | (2) |
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9.7 The Complementary Role of SEZs and the RTAs |
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213 | (3) |
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9.8 Conclusion and the Way Forward |
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216 | (3) |
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10 Challenges Faced by SEZs in India and the Way Forward |
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219 | |
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219 | (1) |
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10.2 Barriers Faced by the SEZs |
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220 | (12) |
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10.2.1 Institutional Mechanism and Its Implications |
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220 | (3) |
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10.2.2 Challenges Related to Land Acquisition |
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223 | (3) |
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10.2.3 Location, Sharing of Infrastructure and the Business Model |
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226 | (2) |
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10.2.4 Barriers Related to Fiscal Incentives |
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228 | (3) |
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10.2.5 Challenges Related to Shifting of Existing Units from DTA to SEZ |
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231 | (1) |
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10.2.6 Challenges Related to Backward and Forward Linkages |
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232 | (1) |
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10.3 How to Make SEZs a Success Story? |
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232 | (10) |
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10.3.1 Strengthening the Regulatory and Administrative Framework |
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235 | (2) |
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10.3.2 Addressing Land-Related Issues |
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237 | (1) |
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10.3.3 Providing the Right Incentives to SEZs |
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238 | (3) |
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10.3.4 Encourage Backward and Forward Linkages |
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241 | (1) |
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10.3.5 Need for More Proactive Marketing of SEZs |
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242 | (1) |
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10.4 What Kind of SEZs Should India Develop and Which Units Should Locate in SEZs? |
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242 | (3) |
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10.5 Conclusion and the Way Forward |
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245 | |