Special economic zones (SEZ) and Foreign Direct Investments (FDI): A Case Study

Special economic zones (SEZ) and Foreign Direct Investments Abstract: For a country to thrive, one of the most key aspects is the relationship with other countries around the world. Coordination of countries help us to build a prosperous society and world at its best. There are many strategies to achieve this goal, however one of the majors is by increasing business, trades between the countries, introducing flexibility of import and export of goods, etc. At this stage, Special economic zone (SEZ) & Foreign Direct Investment (FDI), comes to play. These are the strategies which help strengthen the economy of countries and improve the living conditions of people. A special economic zone (SEZ) is a regionally bounded area in a country where various economic norms are unquestionably simple and unique from other regions within the country. Aiming for effective administration, increasing trade balance, new job openings, attracting investors, employment opportunities etc. Establishment of SEZ grab the attention of Foreign Direct Investment (FDI) in a country, results in benefiting both companies and country in growth and development. This study focuses towards both the good and bad elements of Special economic zone (SEZ) and Foreign Direct Investment (FDI). Along with a Glimpse towards the effect of Covid-19 pandemic, with intention to find solutions for the shortcoming, drawback of these strategies for a more sustainable development of the society.