The Export Oriented Unit Scheme was introduced in 1981 by the Ministry of Commerce, Government of India. The scheme is complementary to the former SEZ scheme. The EOU scheme offers the same production regime but it provides the benefactor with wider options for locations depending on factors like the port where the stuff will be exported from, the sources of your required raw materials, availability of skilled professionals and technological personnel, facilities regarding hinterland, the presence of a stable industrial base.
Moreover, you also need to provide a reasonably large part of the land area in order to avail the EOU scheme. In the past 10 years, the Export Oriented Unit Scheme has played a vital and influencing role in the whole export department of India. They have provided the national economy with a stable and notable boom. Since their start, they have been growing at a swift and consistent rate. During 2004-2005, their growth rate was recorded to be 27.48%.
To Know more visit https://eouindia.gov.in