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To augment additional economic activity by attracting foreign direct investments To Promote of exports of goods and services To promote of investment from domestic and foreign sources To create more employment opportunities To develop infrastructure facilities of global standards The SEZ India Website lists both the SEZ advantages and SEZ disadvantages. The SEZ Benefits are: SEZ's offer economic improvement to the spectrum, the local inhabitants and the country as a whole Exemption from payment of stamp duty and registration fees on the lease/license of plots to the SEZ developer. External commercial borrowings of upto 500 million USD a year without any restriction of maturity to the SEZ developers. Special economic zones and the SEZ projects have instigated certain SEZ controversy and a SEZ debate regarding the SEZ Disadvantages: Revenue losses due to various tax exemptions and tax benefits awarded to the India special economic zones. Most Real Estate Developers In India are interested in setting up a SEZ to cash in the india real estate bubble by acquiring SEZ land at cheap rates and creating a land bank for themselves SEZ Projects in India Presently around fourteen major special economic zones functional in India: Santa Cruz, Mumbai, Maharashtra Cochin, Kerala Kandla And Surat in Gujarat Chennai, Tamil Nadu Vishakhapatnam, Andhra Pradesh Falta And Salt Lake in West Bengal Noida, Greater Noida in Uttar Pradesh Indore, Madhya Pradesh Jaipur, Rajasthan