How many special economic zones are there in Myanmar?
three SEZs
Following the experience of regional peers, Myanmar is advancing an ambitious programme of special economic zone (SEZs) and industrial zone development, with the aim of attracting investors, creating jobs, and developing industry. Currently there are three SEZs and 19 industrial zones across the country.
What is SEZ Myanmar?
A Special Economic Zone (SEZ) is an area within or across national boundaries that is administered under special rules. They come in different forms, which in Myanmar include free zones and promotion zones, as well as the potential for the creation of other types of zones as need be.
How many industrial zones are in Myanmar?
63 industrial zones
Currently, Myanmar has 63 industrial zones and parks in operation, occupying 25,425 of land in all the states and regions, with the exception of Chin State. Of all the industrial estates, 65 percent are located in the Yangon Region.
What are the 5 economic zones?
Special Economic Zones in India
- Noida SEZ.
- Kandla SEZ.
- SEEPZ SEZ.
- Cochin SEZ.
- Madras EPZ SEZ.
- Azadi Ka Mahotsav.
Why special economic zone is important?
Special Economic Zones promote exports of goods and services. SEZs generate employment opportunities for the population. Special Economic Zones can develop infrastructure facilities. SEZs can provide, in a concentrated area, the necessary conditions external investors may require.
How many industrial zones are there in Yangon?
29 industrial zones
“There are a total of 29 industrial zones in Yangon Region. These industrial zones will have to be handed over to the YCDC. We are trying to upgrade regional facilities,” said Yangon Chief Minister Phyo Min Thein.
How many special economic zones are there?
At present there are eight functional SEZs located at Santa Cruz (Maharashtra), Cochin (Kerala), Kandla and Surat (Gujarat), Chennai (Tamil Nadu), Visakhapatnam (Andhra Pradesh), Falta (West Bengal) and Noida (Uttar Pradesh) in India. Further an SEZ in Indore (Madhya Pradesh) is now ready for operation.
What is meant by special economic zone?
A special economic zone (SEZ) is an area in a country that is subject to different economic regulations than other regions within the same country. The SEZ economic regulations tend to be conducive to—and attract—foreign direct investment (FDI).
What is special economic zone?
Which country has the most special economic zones?
China
While many countries have set up special economic zones (SEZs), China has been the most successful in using SEZs to attract foreign capital.
Where are the special economic zones?
The first four special economic zones were created in 1980 in southeastern coastal China and consisted of what were then the small cities of Shenzhen, Zhuhai, and Shantou in Guangdong province and Xiamen (Amoy) in Fujian province.
Do special economic zones work?
Indeed, recent research (Farole 2011) shows that on a global basis infrastructure reliability has a strong association with special-economic-zone success, while incentives have no measurable effect. Many special economic zones are operating in an environment of poor national competitiveness.