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actArchiveThursday, 23 June 2005

Special Economic Zones (SEZ) Act, 2005

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Policy framework or directive — a strategic document setting direction, principles, and objectives for governance. Guides the design of schemes, legislation, and implementation strategies.
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
TypeAct
SourceHistorical Record
PublishedThursday, 23 June 2005
Affected Population63 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 ICongress-led UPA
Centre-Left
LeftCentreRight
Amendment History
2 changes recorded for this policy.
DescriptionFriday, 29 May 2026via business_line
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.
Out of these two SEZs, one IT/ITES SEZ will be developed by Oulgaret Municipality at Thattanchavady village in Oulgaret Taluk
TypeSunday, 19 July 2026via historical
policy
act
Explore Sectors
Trade & Commerce122 tracked→Finance & Economy478 tracked→
Read Full Text at Source
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