Special Economic Zones (SEZs) are geographical regions that have economic laws different from a country's typical
economic laws. The SEZs are to be deemed foreign territory for tariff and trade operations. SEZs can be developed
in the public, private or joint sectors. The goal is usually to achieve its three-fold objectives of attracting foreign
direct investment (FDI), increasing exports and accelerating the country's economic growth.



SEZs are believed to create conducive environment to promote investment and exports. SEZs also have important role
in development of local raw material resources and improvement of their processing techniques. Hence, many developing
countries are developing the SEZs with the expectation that they will provide the engines of growth for their economies
to achieve industrialization.