EXCEL International Journal of Multidisciplinary Management Studies

To develop India “Make in India” is a great initiative taken by the Government. But it is not the only way that can bring foreign exchange, Tourism which plays a vital role in earning foreign exchange in which India is not up to the mark to attain the business. So, it is the time to think and make necessary changes to fulfill the Business outcome in our country. Free Trade Zones (FTZ) and Free Economic Zones (FRZ) have become increasingly important as developing countries seek to attract foreign investment, in order to promote trade and growth. A large number of FTZ/FEZ have to be put into operation in the country, as it is very difficult to allow these tax free zones with in the country for this there should be a separate place to be identified and develop that place into a World class Business center so as to fulfill our vision. The best place will be ANDAMAN & NICOBAR ISLAND'S. Where it is separate and the Government can provide Tax free concessions and exemptions to the investors. It is believed that establishing a Free Economic Zone would attract foreign investment, boost exports and in turn foreign exchange earnings and create job opportunities. The achievement of such goals will have positive effects on the economy of the host country, and thus on its standard of living of the people. To be successful, FEZs in our country has to concentrate on competition on the basis of the services offered and their quality.