Right from day one, I have shouted at the top of my voice that SEZ act in its current state was a land grabbing act and was against industrialization. When they talk about modifications to the act to bring transperency in deals, State Governmnts have become the corrupt agents between corporates and the land owners, mostly farmers.
Some ethical managements don't like such business practices and have put a hold on their SEZ plans. Silicon Valley giant, Hewlett-Packard Company today surrendered its IT SEZ license back to the commerce ministry. HP India had got an approval in June this year to start an SEZ in Bangalore. HP had thought of a mega 1 Million SFT IT park but the project was simply not viable.
In an interview to CNBC TV 18 today, G K Pillai the Commerce Secretary and optimistic man behind SEZs has said 25% of the SEZs will fail to take-off and they may surrender their licenses. The SEZ shake-out has begun lets see who will survive.
Related Stories:
RBI Concerned over SEZ Policy.
Best Policy is not to have any SEZ
Special or Scam Economy Zones of India
No comments:
Post a Comment