Monday, May 07, 2007

After NO, its now YES to a stricter SEZ

Compelled by political pressure in the aftermaths of Nandigram, UPA Government has announced its new SEZ Policy that disallows setting up SEZs with size larger than 5,000 hectares of land. This decision has been taken on the recommendations of the empowered Group of Ministers which have also recommended that states should not be allowed to acquire land for SEZs compulsorily and the land should be purchased directly from the farmers. Nevertheless, it was made clear that new SEZ norms would not hinder the industrialisation process; therefore the government has lift ed the freeze and cleared 83 new projects for notification. It also announced a new Relief and Rehabilitation Policy.

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