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Vikram Singh Balakishore
SEZ Act and Rules <ul><li>SEZ Scheme – April 2000 </li></ul><ul><li>SEZ Act  2005 </li></ul><ul><li>SEZ Rules Feb’2006( Fi...
SEZ Controversies and Flaws <ul><li>Land Acquisition </li></ul><ul><li>Agriculture land acquisition </li></ul><ul><li>Land...
SEZ Controversies and Flaws  cond… <ul><li>Loss in revenues to the government </li></ul><ul><li>Finance ministry estimates...
SEZ Controversies and Flaws  cond… <ul><li>25% area for processing  </li></ul><ul><li>35% area for processing </li></ul><u...
Comparison with China SEZs
Proposed Changes to improve the SEZ policy in India <ul><li>Need of safety nets for the deprived farmers   </li></ul><ul><...
New Compensation model for farmers <ul><li>Just like cooperative setups have been through the equity shares, similar conce...
Improvements <ul><li>Minimum area requirement for processing is 50% </li></ul><ul><li>Existing plants with old machinery c...
<ul><li>Thanks.. </li></ul>
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Is The Present Sez Policy Appropriate

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Transcript of "Is The Present Sez Policy Appropriate"

  1. 1. Vikram Singh Balakishore
  2. 2. SEZ Act and Rules <ul><li>SEZ Scheme – April 2000 </li></ul><ul><li>SEZ Act 2005 </li></ul><ul><li>SEZ Rules Feb’2006( First Amendment) </li></ul><ul><li>March 2007 – Second Amendment </li></ul><ul><li>October 2007- Third Amendment </li></ul>
  3. 3. SEZ Controversies and Flaws <ul><li>Land Acquisition </li></ul><ul><li>Agriculture land acquisition </li></ul><ul><li>Land acquisition with force- Land grabbing </li></ul><ul><li>Compensation to the farmers- Land acquisition act 1894 </li></ul><ul><li> Wide spread riots: Nandigram </li></ul>
  4. 4. SEZ Controversies and Flaws cond… <ul><li>Loss in revenues to the government </li></ul><ul><li>Finance ministry estimates 100000 cr of loss until 2009-10 </li></ul><ul><li>Tax sops to already developed industries- IT </li></ul><ul><li>One job to the farmer family if eligible candidate is there </li></ul>
  5. 5. SEZ Controversies and Flaws cond… <ul><li>25% area for processing </li></ul><ul><li>35% area for processing </li></ul><ul><li>50% area for processing </li></ul><ul><li>Rest of land – REZ? </li></ul><ul><li>SEZs in few states- TN,AP,UP,MH,GU,OR and HY </li></ul><ul><li>Regional imbalances </li></ul><ul><li>North east region </li></ul>
  6. 6. Comparison with China SEZs
  7. 7. Proposed Changes to improve the SEZ policy in India <ul><li>Need of safety nets for the deprived farmers </li></ul><ul><li>Fertile/arable land should not be touched upon </li></ul>
  8. 8. New Compensation model for farmers <ul><li>Just like cooperative setups have been through the equity shares, similar concept can be developed to setting up SEZs by sharing the profits to farmers </li></ul>
  9. 9. Improvements <ul><li>Minimum area requirement for processing is 50% </li></ul><ul><li>Existing plants with old machinery cannot be moved to SEZ – New machinery is must </li></ul><ul><li>Everything is not tax free in SEZ </li></ul><ul><li>No Govt. involvement in land acquisition ( 10 to 30%) </li></ul><ul><li>New resettlement and rehabilitation policy </li></ul>
  10. 10. <ul><li>Thanks.. </li></ul>
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