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India was one of the first in Asia
to recognize the effectiveness of the Export Processing Zone (EPZ)
model in promoting exports, with Asia's first EPZ set up in
Kandla in 1965. With a view to overcome the shortcomings
experienced on account of the multiplicity of controls and
clearances; absence of world-class infrastructure, and an
unstable fiscal regime and with a view to attract larger foreign
investments in India, the Special Economic Zones (SEZs) Policy
was announced in April 2000.
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