A special economic zone (SEZ) is a designated geographical area within a country that is subject to unique economic regulations, with the aim of promoting investment, job creation, and economic growth..

SEZs offer a range of benefits, including tax incentives, streamlined regulatory processes, access to world-class infrastructure, and proximity to markets and suppliers.

SEZs are typically home to industries that are export-oriented and require specialized infrastructure or incentives, such as manufacturing, IT and software development, pharmaceuticals, and textiles.

The process for applying to establish a business in an SEZ will depend on the specific SEZ and the country in which it is located. In general, it will involve submitting a proposal outlining the business plan and the proposed investment to the SEZ authority.

SEZs are typically governed by a specific legal and regulatory framework that outlines the incentives and benefits available to businesses operating within the zone, as well as the rules and regulations governing their operations.

SEZs promote economic growth by creating a business-friendly environment that attracts investment, encourages job creation, and drives innovation. They also contribute to the development of infrastructure and the transfer of knowledge and technology.

SEZ authorities are responsible for the promotion, establishment, and management of SEZs. Their role includes attracting investment, developing infrastructure, and creating a business-friendly environment that encourages innovation and sustainable development.