Which of the following are the objectives of the SEZ Act, 2005?
1. Generation of additional economic activity
2. Promotion of exports of goods and services
3. Creation of employment
Detailed Explanation:
✅ Statement 1 – Correct: The SEZ Act, 2005 explicitly aims at generation of additional economic activity in Special Economic Zones through infrastructure development and business incentives.
✅ Statement 2 – Correct: Promotion of exports of goods and services is a primary objective, with SEZs designated as foreign territory for trade operations to boost international trade.
✅ Statement 3 – Correct: Creation of employment opportunities is a key objective, with SEZs expected to generate both direct and indirect employment through industrial activities.
All three statements correctly reflect the objectives under the SEZ Act, 2005.
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