A flourishing group of SEZs, otherwise known as Special Economic Zone, seems to be a golden goal for every developing nation that aspires to be one of the giants in international trade. Both India and China had realized the same, possibly three decades back. What differs is the way these two countries have approached this issue. The reason why China is reaping the success now is because of appropriate policy measures that she adopted from time to time. But all is not well with the Chinese model either. India, on the other hand, had been a bit late in implementing the SEZ model. Initially it started emulating China but things just didn’t work the way they were expected to. Till dates he has not been successful in providing a flexible economic environment similar to that of the SEZs in China. An overview of the land laws, labour laws, and government policies clearly indicates why this is so. It is time to revisit our past and learn from our mistakes. There are a number of provisions of law that needs to be amended, reformulated and debated upon so that we can have a definite vision of our SEZs in future and meet our aspirations efficiently