Question: In which state will India’s first Mega Coastal Economic Zone be established?
(a) Maharashtra
(b) Goa
(c) Gujarat
(d) Andhra Pradesh
Ans: (a)
Related facts:-
- In November 2017, the Central Government approved the establishment of India’s first mega coastal economic zone in the Jawaharlal Nehru port of Maharashtra.
- With the creation of this economic zone, opportunities will be created to increase economic activity in the country and to generate more employment.
- About 45 companies of telecom, auto and IT sectors will soon bid for 200 hectares of land for setting up of manufacturing units in this area.
- For the first phase of this scheme, total investment of Rs.15, 000 crores and target of creation of more than 1.5 lakh jobs has been set.
- Its aim is to attract big companies interested in providing services to export companies because they will also bring in technology, capital, good management and global market connectivity.
- With the development of this sector, it will help in creating an ecosystem for the development of small and mid-capitalization companies.
- Last year, the Union Cabinet had approved the setting up of 14 mega coastal economic zones under the Sagarmala project.
Related Links:-
http://indiatoday.intoday.in/education/story/first-mega-cez-india/1/1091759.html
http://www.ibtimes.co.in/45-companies-bid-indias-first-mega-coastal-economic-zone-749612
https://economictimes.indiatimes.com/news/economy/infrastructure/decks-cleared-for-first-mega-cez-45-companies-may-invest-rs-15k-crore-in-phase-i/articleshow/61663755.cms