Coastal Economic Zone (CEZ)
- CEZs are spatial economic regions comprising group of coastal districts or districts with strong linkage to ports in region to tap into synergies with planned industrial corridor projects.
- These zones are expected to provide business-friendly ecosystem including ease of doing business, ease of exporting and importing, swift decisions on applications for environmental clearances and speedy water and electricity connections.
Key Facts
- CEZ will be developed as part of plan for developing 14 such industrial clusters to spur manufacturing and generate jobs.
- The plan envisages total investment of Rs 15,000 crore in first phase and creation of more than 1.5 lakh jobs.
- The idea is to attract large firms interested in serving export markets as they will bring with them capital, technology, good management practices and links to world markets.
- This in turn will help create ecosystem around them in which productive small and medium firms will emerge and flourish.