Table of Contents 1 Introduction 4 1.1 Background 4 1.2 Need for Study 5 1.3 Aim of the Study 6 1.4 Research Question and Objectives 6 1.5 Scope and Limitation of Study 7 1.6 Methodology 7 1.6.1 Review of Literature 8 1.6.2 Selection of case study and data collection 8 1.6.3 Analysis of the data 10 1.6.4 Identifying the issues and giving recommendations 10 1.7 Chapterization Scheme 10 2 The Concept and Evolution of SEZ 12 2.1 About Special Economic Zone (SEZ) Act 13 2.1.1 Who can setup? 14 2.1.2 Approval Mechanism 14 2.2 Why India has adopted the SEZ policy? 16 2.2.1 Initial Phase 1965-1985 16 2.2.2 Expansion Phase 1985-1991 17 2.2.3 Strengthening Phase 1991-2000 18 2.2.4 Emerging Phase - 2000 onwards 18 2.3 Why India need SEZs? 19 2.4 What industries need from the SEZs? 20 2.4.1 Economic factors: 21 2.4.2 Policy frame work 22 2.4.3 Business facilitation 23 2.5 Type of SEZs: 23 2.6 Conclusion 24 3 SEZ: Its Role in Indian Economy 26 3.1 Performance of SEZ as per SEZ Act 2005 29 3.1.1 Exports 29 3.1.2 Employment 31 3.1.3 Investment 31 3.2 SEZ in Andhra Pradesh 32 3.2.1 Sector wise analysis of SEZ in Andhra Pradesh 34 3.3 Findings and Conclusion 38 4 Impacts of SEZ 40 4.1 Parameters considered for Analysis 40 4.2 Analysis based on parameters considered 41 4.2.1 Balance Regional Development 41 4.2.2 Investments in SEZ of AP 43 4.2.3 Exports from SEZ in AP 44 4.2.4 Employment generated in SEZ in AP 45 4.2.5 Quality of life 46 4.2.6 Infrastructure development 46 4.3 Industries Perspective 48 5 Conclusion 49 6 Annexure 51 7 References: 53