QuestionEconomy / trade zones
Which one of the following countries in Asia established the first Export Processing Zone (EPZ) in 1965?
- (a) China
- (b) India
- (c) South Korea
- (d) Japan
Answer: (b) India
India set up Asia's first EPZ at Kandla (Gujarat) in 1965. EPZs were later converted into SEZs (SEZ Act, 2005). China's SEZs came only in 1980.