Industry chambers welcome GoM decision on SEZs

PTI[ THURSDAY, APRIL 05, 2007 06:58:03 PM]

NEW DELHI: Industry chambers today welcomed the Centre's decision to
lift the freeze on special economic zones, saying it clears the
uncertainty surrounding the SEZ policy.
"The decision will clear uncertainties and give a clear signal that SEZs
are here to stay," FICCI said in a statement.
The clearance of the proposals to set up SEZs with a limit on
multi-product zones and the discretion to the states to lower the size
below this limit would give flexibility in establishing such zones, it
said.
Echoing similar sentiments, CII said the decision would put an end to
compulsory land acquisition by state governments and limiting the size
of SEZs would end the ambiguity about the future of SEZs.
"The state industrial development corporations may now use land already
earmarked for industrial purposes for creation of these SEZs," a CII
statement said.
The decision to fix a ceiling of 5,000 hectares of land for SEZ was a
praiseworthy step that would settle all the controversies on SEZs,
Assocham said.
"Clearing of 83 proposals will accelerate economic activities for
increased production and exports," Assocham President Venugopal N Dhoot
said.

http://economictimes.indiatimes.com/News/Economy/Infrastructure/Industry_chambers_welcome_GoM_decision_on_SEZs/articleshow/1862475.cms