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Kerela Govt gives green signal to SEZ policy
| September 30, 2008 |  (Be the first to rate this story!) Loading ... |
The Kerala Government cleared the road for private special economic zones. The Government has brought in a state-specific SEZ policy which would be binding on all SEZs, including the 11 which had already got the Centre’s clearance.
Chief Minister V S Achuthanandan said that 10 SEZ applications, nine of them in the private sector, would be rushed to the Centre for its final approval. The state’s SEZ policy contains a dozen conditions, mainly to ensure the welfare of workers and to curb the real estate interest of the developers. The state government has insisted that 70 per cent of the land should be utilised for industrial purpose. This is a major shift from the Centre’s policy, which stipulates that only 50 per cent of the land needs to be used for industry.
News Published Under: Special Economic Zones |
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