Export Processing Zones are industrial estates which form enclaves from the national customs territory of a country and are usually situated near seaports or airports. The main objectives of an EPZ are
- To earn foreign exchange
- To generate employment opportunities
- To facilitates transfer of technology by foreign investment and other means
- To contribute to the overall development of the economy
The entire production of such a zone is normally intended for exports. Such provided with world class infrastructural facilities. Industrial plots are generally available at concessional rate. Units in these zones are allowed foreign equity even up to 100 percent. Domestically produced items are also eligible for duty exemption.
Directorate General Of Foreign Trade | Ministry Of Commerce And Industry | Government Of India,Trade 