Mangalore, November 27, 2007: “This is not a purely profit driven venture,” said I.S.N. Prasad, chief operating officer and managing director of Mangalore Special Economic Zone Limited while defending the Rs. 35,000-crore project in an interaction with presspersons here on Monday. (more…)

Mangalore, November 27, 2007 (TNN): The Mangalore Special Economic Zone (M-SEZ) Company was not a profit driven venture and intended to work on a ‘no-profit, no-loss’ basis, according to M-SEZ managing director and chief operating officer I S N Prasad. here on Monday. Prasad told reporters here on Monday, that the land acquisition process was totally bonafide. (more…)

Mangalore, november 27, 2007: People opposing the Special Economic Zone in the district got a boost when former home minister and MLA P G R Sindhia declared his support for the cause. Addressing Bahujan Samaj Party workers at the party workers’ convention at Government Employees’ Hall on Monday, Sindhia said that BSP opposed the setting up of SEZs. (more…)

New Delhi, November 26, 2007 (IANS): Two international rights organisations - Amnesty International India and Human Rights Watch - Monday announced they would send a joint team to Nandigram in West Bengal to assess the ground situation and make recommendations to authorities. (more…)

Mangalore, November 26, 2007: Bahujan Samaj Party (BSP) is opposed to setting up Special Economic Zones (SEZs) in India at the cost of farmers, its leader and former Minister P.G.R. Sindhia has said. While there was a need to set up industries to address the problem of unemployment in the country, the move by the Centre to find a solution for it in SEZs, and acquiring fertile agriculture land and displacing farmers was wrong, he said. (more…)