The correct answer is option 2: Kandla. An Export Processing Zone (EPZ) is a designated area in a country where goods can be imported, manufactured, and then re-exported with certain benefits and incentives. Asia`s first EPZ was set up in Kandla, Gujarat, India.
Let`s dissect the options to understand why the correct answer is Kandla:
Option 1: Cochin – Cochin is a port city and has played an important role in India`s maritime trade. However, it is not the location where Asia`s first EPZ was set up.
Option 3: Noida – Noida is a city in the state of Uttar Pradesh, India. It is known for its industrial development and houses several software and export-oriented companies. However, Noida is not the location of Asia`s first EPZ.
Option 4: Visakhapatnam – Visakhapatnam is a major port city in Andhra Pradesh, India. It is also known for its industrial and export activities. However, it is not the location of Asia`s first EPZ.
Therefore, the correct answer is option 2: Kandla. It was in Kandla, Gujarat, India where Asia`s first Export