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
Key Stakeholders
Government Context
UPA I Congress-led UPA
Left Centre Right
Amendment History
1 change recorded for this policy.
Description Friday, 29 May 2026 via business_line
Out of these two SEZs, one IT/ITES SEZ will be developed by Oulgaret Municipality at Thattanchavady village in Oulgaret Taluk