You might be aware that I have been criticising and pointing out the loop holes in SEZ policy. Especially the HOTEL SEZ which some vested interest parties in Kerala were lobbying for. The government has finally realized and no more posh hotels, apartments, golf courses in SEZ areas. They will be just restricted to the bare necessity.
Under the restrictions, rampant resale of apartments will not be permitted within a zone. The curbs will depend in part on the location of a zone.
For instance, an infotech zone located in the suburbs of a city like Bangalore may not be allowed to set up a hotel. The logic behind the restriction, officials said, was that clients visiting a zone close to a city could use the latter’s amenities.
According to me, strictly 80% of the land allotted must be used for setting up NEW MANUFACTURING Units. Dhirubhai Ambani said, Create Wealth, don't be Greedy Land Grabbers son :-)
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