Ideas on SEZ issue in India

[adi001]

Hi all

I would like you all, who are interested in Indian property market, to read some solutions on the issues involved with SEZ in India. These are the reccommendations given by ASSOCHAM

To ensure that Special Economic Zones (SEZs) lead to an improvement in India's competitiveness and export potential, Assocham has made some policy recommendations for consideration of the government.

Chamber's president, Venugopal Dhoot, said the Centre should announce policies on land acquisition and rehabilitation after creating consensus among various stakeholders.

According to the industry body, SEZs should be set up on areas where the soil has low biological potential for farming, and farmers should be offered a stake by way of shareholding in the proposed project.

Dhoot said land required for the projects should be purchased directly from farmers with assistance from the government. Also, the farmers or their family members should be given jobs upfront before their land is taken.

The Chamber also said that existing labour laws should not be applied to SEZs. Special arbitration mechanism and special legal courts should be set up for resolution of disputes.

If anybody among you readers have some other IDEA about SEZ, then please do mention a reply.