Multiple choice

Which Export Processing Zone has been declared as the first Free Trade Zone in India?

  1. Noida

  2. Kandla

  3. Falta

  4. Santacruz
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

Santacruz is been declared as the first Free Trade Zone in India. Santacruz Electronics Export Processing Zone (SEEPZ) is a Special Economic Zone in Mumbai, India. Situated in the Santacruz East area, it is subjected to liberal economic laws as compared to the rest of India to promote rapid economic growth using tax and business incentives and attract foreign investment and technology. Government proposed making SEEPZ a Free Trade Zone (FTZ) in 1999. 

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