The Development and Present Status of SEZ in Rajasthan

Most developing countries like India across the world have recognized the importance of facilitating international trade for the sustained growth of the economy and increased contribution to the GDP of the nation. The Government of Rajasthan launched SEZ policy in March, 2003. The Government of Rajasthan enacted the Special Economic Zone (SEZ) Development Act in September 2003. Before enactment of central SEZ Act, 2005, RIICO established three SEZs viz Gems and Jewellery SEZ Phase-I, Sitapura, Gems and Jewellery SEZ Phase-II, Sitapura and Handicraft SEZ Boranada Jodhpur. In Rajasthan formal approval has been granted to six SEZ proposals. There are 13 valid in-principle approvals. Out of the 2 formal approvals In this paper an attempt is made to study the Present Status of Special Economic Zone (SEZ) in Rajasthan and the various aspects of SEZ policy, assess development of SEZ in Rajasthan and various aspects of SEZ policy.