Sezs in India

India puts brakes on economic zone policy By Jo Johnson in New Delhi Published: January 24 2007 02:00 | Last updated: January 24 2007 02:00 acclamation for hundreds of Indias proposed special economic zones will be delayed undermentioned the governments decision to wait until several issues, including compensation for displaced farmers, get to been resolved. Violent protests against proposed SEZs in West Bengal have aroused concerns in the Congress-led government. The United Progressive Alliance coalition could suffer a backlash in rural areas in state survey in Punjab and Uttar Pradesh. In a blow to the governments hopes, 304 applications for SEZ berth will now be put on hold. The flagship industrial policy aims to give businesses a simpler operating environment. The delays highlight the difficulties India faces in find outting up tax-advantaged capitalist enclaves similar to those that played a central part in Chinas emergence as a global manufacturing hub. Since Indias new Special Economic partition Act came into effect last February, the government has approved 237 SEZs. These let in a $100m (£50.4m) Nokia plant in Tamil Nadu that has already begun commercialised production and employs 2,800 people.

Among the many well-known companies whose investment plans have been plunged into hesitation are Tata Consultancy Services and Wipro, two Indian software houses hoping to set up information technology parks. Six people died this calendar month in protests against the creation by Indonesias Salim Group of a chemicals hub in a new SEZ in the Nandigram area of West Bengal, causation the states communist chief minister to delay unequivocal acquisition of land. The violence that has marred the West Bengal governments drudge to attract industrial investment has alarmed many companies, with a number preparing to abandon plans to take advantage of the 15-year tax spend the SEZ Act offers. Narhari Rao, principal economist at the ADB in India, express he had no doubt that... If you want to get a full essay, order it on our website: Orderessay

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