What are the advantages of setting up a business in Special Economic Zones in India?

There are many incentives for foreign investors to begin their trading business in Special Economic Zones. These incentives include non-exhaustively:

• Duty free importation of required machinery, production lines and related equipment;
• Duty free import and domestic procurement of component parts as required for final products;
• 100% VAT rebates on exported India-sourced components;
• Income tax breaks – depending on the scope of business and where the business is located.