Act Number: 28

Act Name: The Special Economic Zones Act, 2005

Year: 2005

Enactment Date: 2005-06-23

Long Title: An Act to provide for the establishment, development and management of the Special Economic Zones for the promotion of exports and for matters connected therewith or incidental thereto.

Ministry: Ministry of Commerce and Industry

Department: Department of Commerce

Section 5: Guidelines for notifying Special Economic Zone.
    The Central Government, while notifying any area as a Special Economic Zone or an additional area to be included in the Special Economic Zone and discharging its functions under this Act, shall be guided by the following, namely:--
         (a) generation of additional economic activity;
         (b) promotion of exports of goods and services;
         (c) promotion of investment from domestic and foreign sources;
         (d) creation of employment opportunities;
         (e) development of infrastructure facilities; and
         (f) maintenance of sovereignty and integrity of India, the security of the State and friendly relations with foreign States.
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