‘Goa SEZs’ Hang in Limbo

August 12, 2007	(1 votes, average: 5 out of 5)  Loading ...
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With an expected proliferation of IT companies in Goa, the state authority has sought permission to set up 15 Special Economic Zones (SEZs). Of this, the Centre has given a nod for seven of them. Although, Goa has got the approval but still has to decide on the procedure of acquiring land.

Land is a factor that appears hard to come by in Goa. Around 40% of the state’s land come under forest zones, and hence, cannot be considered for commercial purpose. On the other hand, the available prospective land is abided by stringent rules framed during the Portuguese rule.

The role of the State Government is limited only to get approval for the real estate projects from the Centre. Private developers will have to acquire land on their own. The state’s role is more of a facilitator.

The State has allotted land for a few projects, but it is yet to decide on land acquisition for the other SEZs.

Now, there are many who are opposing the development of SEZs in the state. These are generally the people who have fear of losing their livelihood. However, development of SEZs in Goa will boost the state’s trade and industrial growth.

Goa has seen 16 chief ministers in the past 20 years. This clearly underlines the fragile political situation of the state which is another major point of consideration for investors. But, the present chief minister Mr. Digambar Kamat is very enthusiast about the construction of SEZs and would like the state to emulate the success of Hyderabad and Bangalore in booming IT sector.

News Published Under:   Special Economic Zones |

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