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legislation Archive Thursday, 23 June 2005

Special Economic Zones (SEZ) Act, 2005

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Legislative action — a bill, act, or amendment that creates or modifies the legal framework. Carries binding force and shapes the rules under which citizens, institutions, and markets operate.
 
 
 
Summary
 
Established a framework for creation of Special Economic Zones to promote exports, attract FDI, and generate employment. Provided tax holidays and single-window clearance for SEZ developers and units.
 
  
 
 
Key Facts
 
 
 Type Legislation 
 
 Source Historical Record 
 
 Published Thursday, 23 June 2005 
 
 Affected Population 63 million MSMEs, export-import community 
 
 
 
 
Key Numbers
 
 
    Merchandise exports: $437 billion (2024-25) 
    FDI inflow: $71 billion (2024-25) 
    PLI scheme: Rs 1.97 lakh crore across 14 sectors 
    GDP: $3.9 trillion (2025 est.) 
 
 
 
  
 
 
Key Authorities
 
 Ministry of Commerce & IndustryDPIITDGFTMinistry of FinanceRBI 
 
 
 
Key Stakeholders
 
 ExportersImportersMSMEsTaxpayersBanks & NBFCsInvestors 
 
 
 
Government Context
 
 
 UPA I Congress-led UPA 
 
 
 
  Centre-Left 
 
 
 Left Centre Right 
 
 
 
 
      
 
Explore Sectors
 
  Trade & Commerce 66 tracked →  Finance & Economy 212 tracked →  
 
  
 
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