Where is the first Greenfield SEZ of India situated in Madhya Pradesh?

The correct answer is Pithampur.

Key Points

• The first Greenfield Special Economic Zone (SEZ) in India is located in Pithampur, Madhya Pradesh.
• Pithampur SEZ is part of the Indore SEZ, which is the largest SEZ in Madhya Pradesh.
• The SEZ in Pithampur is developed to promote industrial growth and export-oriented activities.
• The Pithampur SEZ encompasses a variety of industries including automobile, pharmaceutical, and textile sectors.
• The SEZ offers several incentives such as tax exemptions and simplified customs procedures to attract foreign and domestic investment.

Additional Information

• Special Economic Zone (SEZ)
  • An SEZ is a designated area that enjoys economic regulations that differ from other areas in the same country.
  • The objective of an SEZ is to facilitate rapid economic growth by leveraging tax incentives and attracting foreign investment.
  • SEZs are typically established to boost export activities, create jobs, and enhance infrastructure development.
• Greenfield Project
  • A Greenfield project refers to the initiation of a project on undeveloped land where there is no need to remodel or demolish existing structures.
  • Greenfield SEZs are established from scratch in new locations to foster development in less developed regions.
• Indore SEZ
  • Indore SEZ is one of the prominent SEZs in Madhya Pradesh, located near the city of Indore.
  • It has a significant impact on the region's economic development by attracting numerous industries and boosting exports.
• Incentives in SEZs
  • SEZs offer various incentives such as tax holidays, duty-free imports, and exemption from local taxes to attract businesses.
  • These incentives are aimed at promoting export-oriented production and increasing foreign direct investment (FDI).