October 16, 2006

SEZs boon or curse?

SEZs! GOOD or BAD??



It all started well with a vision of development but is slowly taking an ugly turn. To bring INDIA in global eyes by raising its exports & inviting FDI, Special Economic Zones (SEZs) form a good option. They'll also generate employment for lakhs besides overall development of the area when 300 of them get fully operational. But can we neglect their negative implications? Farmers are being displaced forcibly and awarded paltry sum of what the industrial houses are paying to the govts. Moreover by allowing every firm to invest in SEZ our revenue account is being denied of millions in cash. Strict Regulation is necessary to justify its name or they'll be called 'Special Exploitation Zones'. All state govts should pay heed to the advice of Sonia-Manmohan duo of no SEZ on prime fertile agricultural land and duly compensate the land owners.

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