Location Attributes for Special Economic Zones (SEZs) in Kerala Context

Abstract

This research delves into the crucial locational factors for selecting Special Economic Zone (SEZ) sites in Kerala, India. It underscores the vital role SEZs play in catalysing economic growth, particularly in sectors reliant on advanced knowledge such as information technology, biotechnology, and engineering. By positioning SEZs as hubs of innovation and talent attraction, the study highlights their potential to transform Kerala into a dynamic, knowledge-based economy. The success of SEZs, however, hinges on meticulous planning and efficient implementation, with a strong emphasis on transportation accessibility and infrastructure development. The research offers a comprehensive review of SEZ policies at both national and state levels, identifying gaps and opportunities within the existing frameworks. Through a blend of expert insights and empirical data, the study pinpoints and ranks the critical factors that influence SEZ location selection. Utilizing the Analytic Hierarchy Process (AHP) method, weights are assigned to each factor, facilitating a structured and systematic evaluation of their importance. This methodological approach provides a clear framework for making informed decisions about SEZ locations and facilities specific to the context of Kerala. The research culminates in a set of strategic policy recommendations aimed at enhancing Kerala's SEZ policy framework. These recommendations are designed to empower policymakers, planners, and decision-makers to establish SEZs that not only spur economic growth but also ensure its sustainability. By adopting these targeted policy suggestions, Kerala can effectively leverage SEZs to foster a robust, innovation-driven economic landscape.