Daily Archive for October 10th, 2007

Bengal SEZ on hit list

New Delhi, Oct 9, 2007: Fifty-two SEZ developers who received formal approvals must apply for notification, with land papers, by October 25 or face losing their clearances. The commerce ministry has written to such companies, including the Shapoorji Pallonji group that is developing an IT SEZ in Bengal, to file their land papers. The formal approvals are granted by the board of approvals, which functions under the commerce ministry. Continue reading ‘Bengal SEZ on hit list’

Farmers may get back 10% of SEZ land

Mayur Shekhar Jha & Rajat Guha

New Delhi, 9 Oct, 2007 (TNN): Developers of special economic zones may have to return 10% of the land acquired from farmers after development. A proposal to this effect is part of the resettlement and rehabilitation (R&R) policy drafted by the rural development ministry. The policy is with the Cabinet, following approval from a group of ministers (GoM). Continue reading ‘Farmers may get back 10% of SEZ land’

Don’t depend on special economic zones for long: OECD

New Delhi, 09 October, 2007: Special economic zones may help India overcome barriers to growth, but they cannot provide long-term solutions to economic reform, says the Organisation for Economic Cooperation and Development (OECD). Continue reading ‘Don’t depend on special economic zones for long: OECD’

Further SEZ permits only after enacting Land Use Policy

Laxmi Ajai Prasanna

T’Puram, October 9, 2007: The State Government is unlikely to approve further proposals for developing Special Economic Zones (SEZs) in Kerala, till the government enacts the Land Use Policy. Experts hail this decision as apt to save the state from indiscriminate land acquisition by real estate sharks. Continue reading ‘Further SEZ permits only after enacting Land Use Policy’