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Maharashtra prepares for hassle free SEZ development
| August 25, 2008 |  (Be the first to rate this story!) Loading ... |
Speaking at the International Seminar on SEZ the chief minister of Maharashtra, Vilasrao Deshmukh, stated that the land acquisition for the upcoming special economic zones (SEZ) in the state will take place only after negotiations. The government will be a facilitator in the land acquisition process. He called upon the SEZ developers to provide an attractive package and land price to the landowners and farmers and select project sites preferably in the backward Marathwada and Vidarbha regions. Deshmukh hastened to add that the state in its proposed new industrial and investment policy and the SEZ Law will incorporate various incentives for the promotion of more and more SEZs in Marathwada and Vidarbha regions.
Meanwhile, MIDC has launched its plan to acquire as many as 1 lakh acres of land across the state. Of the one lakh acres, 70,000 acres will be for the industrial purpose while the balance 30,000 acres for SEZs. Deshmukh also mentioned about the opposition from various quarters for the land acquisition for SEZ projects and thus reiterated that the land acquisition will be carried out through mutual understanding and negotiations. He informed that the Centre has approved 131 SEZs so far in the state and of which 35 are already notified. State-run Maharashtra Industrial Development Corporation (MIDC) is developing nearly 21 SEZs while the rest is developed either by private sector or in joint venture.
“The state SEZ Law provides slew of incentives to the project developers, which includes exemption in stamp duty, VAT and electricity duty. The developers will be provided a deemed license status for the electricity distribution. He however, advised the SEZ project developers to carve out a comprehensive rehabilitation package for the farmers and landowners. Infact, he also asked the developers to replicate the rehabilitation package prepared by MIDC.
News Published Under: Special Economic Zones |
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