Which of the following statements regarding Special Economic Zones (SEZs) are true?
- SEZs are territories within a country that operate under different business and commercial laws to promote investment and employment.
- The concept of Export Processing Zones (EPZs) was first implemented in 1965 with the establishment of Asia's initial EPZ in Kandla, Gujarat.
- The Special Economic Zones Act was enacted in 2007, with the SEZ Rules coming into effect the following year in 2008.
- SEZs were introduced to overcome the challenges related to infrastructure and bureaucracy that were restricting the success of EPZs.
