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Export Processing Zones (EPZ)


In order to promote International trade, the government of India has created seven Export Processing Zones. The zones and their headquarters are as under:


1 .Chennai (Tamil Nadu), 2. Falta (West Bengal), 3. Kandla (Gujarat), 4.Kochi (Kerala), 5. NOIDA (Uttar Pradesh), 6. Santa Cruz (Maharashtra), and 7. Vishakhapatnam (Andhra Pradesh).


Each zone provides the basic infrastructural facilities in addition to whole range of fiscal incentives. Customs clearance facilities are offered within the zones. However, EPZs were not able to emerge as effective instruments for export promotion on account of multiplicity of controls and clearances, absence of world class infrastructure, and an unstable fiscal regime.