Amendment in SEZ policy mooted

Tuesday February 27 2007 10:28 IST
NITTE: The person giving up his land for Special Economic Zone must be
taken as the part of the programme. A policy in this regard to make him
access the benefits of SEZ must be brought in, said the economic advisor
to Prime Minister and Director of National Institute of Public Finance
and New Delhi Dr M Govind Rao.

He was presented his papers at the Colloquium on ‘Emerging India: Issues
and Concerns’, organised by Justice K S Hegde Institute of Management
(JKSHIM), Nitte on the occasion of the inauguration of its new e-campus,
here on Monday.

„The concept of SEZ facilitates with faster clearence of licencing,
world class infrastructure and fiscal incentives like tax holiday. Does
this mean that the country, other than SEZs, will not deserve better
clearence machinary, better infrastructure or tax exemptions?,” Dr Rao
questioned.

A clear and simple revenue collection system, a good Tax Information
System will easily increase the revenue collection, he added. Chairman
of Apar Industries Dr N D Desai stressed the need for strengthening
Water Department in India.

„What oil is to Arab Countries, water is to India. But we could manage
only eight per cent of rain water. We have to manage water as Taiwanies
do. They generate power by hydel projects from smaller water streams,
using smaller turbains. Government should encourage such projects in
India too,” Dr Desai said.

Industrial Consultant H R Alva in his presentation stressed the need for
entreprenural development and innovation for reaching a double digit GDP
rate.

Honorary Professor of JKSHIM Dr N S Shetty, Chairman and Managing
Director of Indo-American Hybrid Seeds Pvt Ltd, Bangalore, Dr Manmohan
Attavar, Chairman of Karnataka Bank Ananthakrishna, Principal Advisor
(Rtd) to Reserve Bank of India Dr N A Majumdar, President of Primacy
Industries Ltd V K Talithaya and others also participated.
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