How is the Government of India trying to attract more foreign investment? Explain with examples. (2024)

The government of India is trying to attract more foreign investment in the following ways:Government has adopted the policy of liberalisation and lifted the trade barriers to allow foreign investment.In recent years industrial zones called Special Economic Zones are being set up. These areas have world class facilities such as electricity water transport education and recreational.The companies setting up production units in Special Economic Zones are exempted from various taxes and duties.The government also allowed flexibility in labour laws. The workers in the organised sector are protected by the government laws. The companies in Special Economic Zones insteadcould ignore many of the laws and engage workers flexibly for shorter periods when there is a pressure of work.

How is the Government of India trying to attract more foreign investment? Explain with examples. (2024)
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