We express our gratitude to Rajat Kathuria, Director and Chief Executive, ICRIER, for giving us the opportunity to work in this area and for his constant encouragement and support. We would like to thank officials of the Special Economic Zone (SEZ) Division, Department of Commerce, Ministry of Commerce and Industry, for their useful insights and providing access to SEZ related data and information. The Development Commissioners of
SEZs helped us to collect the data while NSDL (National Securities Depository Limited) Database Management Limited (NDML) provided the compiled data. The Export Promotion Council for Export Oriented Units (EOUs) and SEZs (EPCES) provided valuable information. We are grateful to Anwarul Hoda (Professor, ICRIER), Rajiva Ranjan Singh (Senior Consultant, ICRIER), Harish Kumar (Principal Director of Income Tax), Vivek Gambhir (Chartered Accountant), Emendra Paul Singh (Director, Financial Services, All State Financial Services Pvt. Ltd.) and Ashwin Ravindranath (Partner, Direct Tax, Tax & Regulatory Services, Ernst and Young LLP) for their valuable inputs. We would also like to thank Tanu M. Goyal (Consultant, ICRIER), Avantika Kapoor (Research Assistant, ICRIER)
and Suvi Agrawal (Research Intern, ICRIER) for their valuable suggestions. We are grateful to Tara Nair for copyediting the paper. The administrative team in ICRIER deserves a special mention. In particular, we would like to thank Anu Mohandas for administrative support
