The Ministry of Commerce and Industry, Department of Commerce, vide Notification F. No. K-43013(12)/1/2021-SEZ, dated November 7, 2023, notified amendment to the Special Economic Zones Rules, 2006, made
The Jammu and Kashmir Government's proposal to set up two special economic zones in the state has hit a road block with the Centre rejecting its request to modify its policy on land requirement for
The Rajya Sabha on Wednesday witnessed noisy scenes with MPs, cutting across party lines, targeting the Government on the issue of Special Economic Zones (SEZs).
Maharashtra governor SC Jamir on Monday asserted that despite suicides by farmers and burgeoning power deficit, the state continues to attract investments of Rs 1,14,000 crore by steamlining the proce
The SEZ Virodhi Manch has warned Chief Minister, Digambar Kamat that any attempts by the Ministers in his government or by other vested interests in Goa or by the Ministry of Commerce to foist the SEZs on Goa under any label or force the pace of industrialisation by any other scheme will be resisted by Goans will all their might. In a letter to the Chief Minister, the SEZ Virodhi Manch while appreciating the recommendation to the government of India to scrap all SEZs, including the three notified ones in Goa, has expressed deep concern about recent media reports suggesting that the promoters of notified SEZs should served show cause notices and that they should be invited for discussion on the payment of compensation. The Manch has said the Goa government should flatly refuse to pay compensation to the SEZ promoters. On the contrary, the Manch has asserted that the promoters should be compelled to pay heavy compensation to the people for rampant hill-cutting, land-filling, rock blasting and other destruction carried out on the allotted land without authorisation from the competent authority. "The GIDC has no authority under SEZ Act to issue any permission to do hill cutting or developers. Construction activities have taken place before the SEZs were notified. Hence, all the constructions initiated in the SEZs are illegal', the Manch maintained. Saying that bore-wells sunk by the SEZ promoters at Keri and Verna have affected sub-soil water levels in surrounding areas and that wells and springs have dried up, the Manch said this ecological disaster should be investigated and the promoters made to compensate the respective villagers. Requesting the Chief Minister to instruct the GIDC to cancel the land allotment they had made and to resume the land they had alloted, the Manch said the land can be utilised in the future for purposes only after involving the Gram Sabhas of the local Panchayats in all future procedures for the use of this land. Reminding the Chief Minister about the demand for a CBI inquiry into the fraudulent allotment of land to the SEZ promoters by the GIDC, the Manch said the criminal compliant made with the Goa police is yet to be registered as an FIR. "Such inaction on the part of the government gives reason for suspicion', the Manch said and hoped the government does not force Goans to resort to agitations again to seek justice.
The West Bengal Power Development Corporation's Bakreswar Thermal Power Project in Birbhum district. WEST BENGAL has emerged as one of the fastest-growing States in India and is the third largest economy in the country. So its growing reputation as a preferred investment destination should come as no surprise. The State has registered a high growth in real State domestic product (SDP) over the past eight years and is one of the top-ranking States of the country in terms of growth in per capita income. Despite being one of the most populous States in the country and the State with the highest population density, West Bengal achieved a growth in per capita income of 5.72 per cent in 2004-05, well above the national growth rate of per capita income in the same year, which was 5.2 per cent. In the period between 1991 and 2004, West Bengal's share of foreign direct investment (FDI) was $1,789.3 million. However, between 2004 and 2006 alone, the State attracted FDI worth $119 million, spread over 178 new industrial units that are being set up now. The State's exports also grew from $816.1 million in 1995-96 to $3,769.5 million in 2004-05. In fact, with respect to the volume of export, it has been found that West Bengal ranks seventh amongst all the States. According to different human development index indicators such as literacy rate and life expectancy at birth, the State has performed impressively. In the National Census 2001, West Bengal's literacy rate was estimated to be over 69 per cent as against the national average of 65 per cent. Urban market The sheer volume of the State's market is its primary attraction. With a population of around eight crore, according to the 2001 Census, and with steady economic growth in terms of the net State domestic product (NSDP) and per capita income, West Bengal has more people with greater disposable income than many other States. West Bengal is, in fact, the third largest State in terms of savings, with the commercial banks accounting for almost Rs.855 billion. Besides, West Bengal is ideally located, with a vast hinterland, comprising Bihar, Jharkhand, Orissa, Sikkim and the north-eastern States, that increases the market size by about another 180 million consumers. West Bengal is also one of the most urbanised States in the country, with an urban population, according to the 2001 Census, of 22.5 million persons, 60 per cent of whom are below 30 years of age. This, in the context of rising incomes and the general boom in urban renewal and economic activity, has resulted in an increasing demand for quality goods and services. Kolkata, the State capital, alone accounts for a consumer profile of around 10 million, and major towns such as Siliguri, Durgapur, Asansol and Malda are also on an upswing. Rural market SUSHANTA PATRONOBISH South City, a Rs.10-billion multi-use project in the heart of Kolkata. It is not just the urban market that is undergoing a paradigm shift; it is happening in the rural sector too. With the enormous potential that exists in agriculture and farm products and food processing and agro-based industries, the State government is looking into investment proposals of considerable value from corporates for the procurement and large-scale marketing of agro products. This is expected to facilitate an increase in rural purchasing power and consumption profile. Agro industries With six agro-climatic zones, West Bengal offers an extensive variety of environments for the development of temperate, sub-tropical and tropical agricultural and horticultural produce. Agriculture contributes 30 per cent of the SDP and employs 57 per cent of the workforce. In fact, the State accounts for 30 per cent of India's potato production, 27 per cent of its pineapple production, 12 per cent of its banana production and 16 per cent of its rice production. The State ranks number one in the country in meat production (including poultry) and is one of the largest producers of fish, satisfying nearly 80 per cent of the country's carp seed demand. West Bengal also accounts for around 10 per cent of India's edible oil production and is the second largest tea-growing State in the country, contributing around 21 per cent of the total production in the country. A study conducted by the Government of India estimates that the investment potential in the State's food processing industry is Rs.154.52 billion over the next 10 years if the processing level is increased from the existing 2 per cent to 10 per cent in the same period. West Bengal has certain intrinsic strengths that give it an advantage in the field of food processing: vast agro raw material resources, six agro-climatic zones, an abundant supply of water from the many rivers across the State, fertile alluvial soil, low-cost and skilled labour, self-sufficiency in power, a large domestic market, and easy access to markets in the Asia-Pacific region, Bangladesh, Nepal and Myanmar. In a recent conference on industries, Chief Minister Buddhadeb Bhattacharjee emphasised the need for a modern market mechanism in the agricultural sector in the State. "Even though agricultural production is increasing, there is no proper method of preservation. As a result 10 to 20 per cent of the vegetable produce perishes every year mainly because of the lack of a modern marketing mechanism. We want more companies investing in this sector, and that will also help the economy in rural areas grow,' he said. Floriculture, including ornamental plant production, is an emerging industry in West Bengal. The State produces around 58,000 tonnes of flowers every year and has more than 10,000 acres (1 acre is 0.4 hectares) of land devoted to that purpose. Flowers are mainly grown in Kalimpong, Panskura, Ranaghat, Thakurnagar, Bagnan and in regions around the State. The main flowers produced are tuberose, gladiolus, rose, gerbera, carnation and cockscomb, and the countries that import flowers from West Bengal include the Netherlands and the United Kingdom and West Asian states, mainly Sharjah. The State government has already set up a floriculture park at Mungpoo in north Bengal, and a mega flower mart is also coming up in Kolkata at a project cost of Rs.250 million. Apart from these, there is a multi-storied flower market at Panskura, and another floriculture park is being developed at Jagulia in Nadia district. The State government recently received a $33-million proposal for setting up an open-air floriculture park on 200 acres of land at Rajarhat in Kolkata. Iron and steel PTI Haldia Petrochemicals Ltd. is India's second largest integrated petrochemical complex. Apart from being one of the main priorities of the State government's industrial drive, the iron and steel sector is one of the oldest industries in the State. The establishment of the Bengal Iron Works at Kulti in Bardhaman district in 1870 ushered in the era of iron and steel in the State. The growth of the industry in the State is largely related to the proximity of raw materials, skilled manpower, port facilities and the vast market for iron and steel products. In the period 1991-2004, as many as 243 new iron and steel units were set up, involving a total investment of $1,856.8 million. In fact, between 2002 and 2004 alone, 108 iron and steel projects, with a total investment of $414.3 million, were implemented. According to the State government, the largest investment in 2007 also came in the steel sector. JSW Steel of the Sajjan Jindal Group is setting up the 10 million-tonne-capacity integrated steel plant
The contentious issue of land acquisition for industry cannot be resolved justly without a "precautionary principle' approach that respects livelihood rights. GOING by the number and intensity of protests against displacement under way in numerous States, land acquisition for industrial, mining and infrastructure projects has become India's single most contentious issue. Land is now the main site of struggle as popular movements confront predatory capital, which can only accumulate through dispossession. At stake are thousands of square kilometres of land on which at least a few million livelihoods depend. For instance, the Special Economic Zones (SEZs) which have received formal or "in-principle' approval will alone need over 2,000 square kilometre. If the even larger swathes typically involved in mining leases, plots earmarked for industry, and areas claimed by highway development, and above all, by suburban housing
A 111-year-old law is one of the key options the government could invoke to handle the challenges arising out of the possible denotification of three Special Economic Zones (SEZs) in Goa. Last week, the inter-ministerial Board of Approvals had recommended starting talks with the Goa government on denotifying the three SEZs following strong local protests in Goa last year, creating a precedent that is being closely watched by potential investors in India and abroad. This is because the process of denotification itself is complex and could be long-drawn. The SEZ Act, 2005, does not have specific provisions for denotification. The Act, however, has provisions empowering the central government to issue policy directions to the Board of Approvals (under subsections 5 and 6 of Section 9). This power is derived from the General Clauses Act of 1897, an umbrella law covering all Acts and government notifications passed by the Centre. Section 21 of this Act empowers the government to add, amend, vary or rescind sections in notifications, orders, rules or bylaws issued by it. This means the central government is, on reading the two laws together, empowered to override the SEZ Act to account for measures like denotification. The other two denotification routes are amendment of the SEZ Act through Parliament and through a presidential ordinance. The latter has been ruled out since Parliament is in session and there is nothing to stop the developers of the three SEZs from going to court if the government waits for the session to end. An amendment of the SEZ Act will not only need approval from the commerce ministry, but also may provoke political opposition from the Congress itself. For this reason, the government is unlikely to follow this route. There are, however, some aspects of the denotification that the government cannot escape
The Goa Government had asked the Centre to scrap all SEZs in the state, after several public protest. Even though the cloud of uncertainty lingering over Special Economic Zones in Goa will take some more time to clear, the SEZ Board of Approvals that met on Monday decided to issue showcause notices to the developers of 12 zones that had already received in-principle and formal approvals from the Board. The Goa Government had asked the Centre to scrap all SEZs in the state, after several public protests rocked the state recently. While approved SEZ developers will be asked why their projects shouldn't be scrapped in the light of the concerns raised by the state Government, the three SEZs in the state already notified by the Centre will remain in limbo a tad longer. The Commerce Ministry had asked the Law Ministry to advise whether the SEZ Act, 2005, gave any provision to cancel notified zones. "While the Law Ministry has said it is possible to cancel notified zones, compensation will have to be worked out for developers if their notifications are withdrawn,' an official said. The Centre is still hoping to salvage the three notified zones that include a pharma SEZ being set up by Cipla. "The Union Government will separately initiate discussions with the Goa Government on the fate of three already notified SEZs,' said Commerce Secretary and head of the Board of Approvals, G K Pillai after the Board's meeting. Meanwhile, of the 17 SEZ proposals before the Board on Monday, 10 have been granted formal approval, including two SEZs each in Tamil Nadu and Rajasthan. Three of the SEZs cleared are in IT sector
The economy of Madhya Pradesh is largely natural resource driven, leveraging the state's advantage in agriculture and mineral resources. The key industries and sectors where Madhya Pradesh has competitive strength include cement, textiles, mining and food-processing. To give a fillip to industrial development in the State, the Madhya Pradesh government has decided to establish a SEZ in the industrially backward Hargarh village of Sihora tehsil, Jabalpur district, in Mahakaushal region of the State. The work on setting up the SEZ is on in full swing and the blueprint for it is ready. The SEZ will be formally inaugurated during the Investors' Meet to be held in Jabalpur. The Industries Department has proposed to build the SEZ on 623 acres of land in Hargarh. While 250 acres of the land is being dedicated to an SEZ on mineral and mineral-based products, a similar area of land has been earmarked for a SEZ dedicated to agro and food products. The rest of the land will be developed as an industrial area. The proposal for the mineral-based SEZ has already been sent to the Central government while the proposal for agro and food products SEZ is being prepared by the Industries Department. The mineral-based SEZ will have a budget of Rs 158.10 crore and will take three years to develop. The units that are likely to be a part of mineral-based SEZ are iron ore units, granite, marble processing units and fire clay units. A lot of work is being done in these fields in the Mahakaushal region. The preparations for the inauguration are in full swing. The empty fields of Hargarh are being cleaned up and the Pan Umaraiya road and a link road to the inauguration spot is being built rapidly. Work is also in progress on the National Highway between Sihora and Jabalpur. The inauguration will be done on February 15 with Chief Minister Shivraj Chouhan taking part in the Bhoomi pujan ceremony. In fact, SEZ is one of the main focus areas of the two-day Investors' Meet in Jabalpur. The SEZ is likely to have a lot of positive spin-offs for the region. With the establishment of the SEZ, export companies will set up offices and complexes in Jabalpur creating opportunities for employment. Also, the air traffic to Jabalpur will get a fillip and, in turn, taxi and hotel services will gain from increased human traffic. The ancillary units and factories in Jabalpur and Katni regions will also gain from the SEZ, besides improvement in the industrial environment in Sihora region. Another major gain will be in terms of employment generation. Nearly 8,300 people will get employment in mineral-based SEZ. The SEZ will thus be a boon for skilled manpower in Jabalpur and for unskilled labour of Sihora and Hargarh, there will be work available. The state goernment has already developed a greenfield SEZ at Indore and its experience in that venture is certain to stand it in good stead in Jabalpur.
Plans Rs 40-cr resort in Gujarat Engineering products and services major Elecon Group has diversified into hospitality business and is looking at shipping, ports and SEZs as its next destinations. The NRI-rich Kheda district and adjoining areas in Charotar region of central Gujarat is all set to get its first luxurious resort with five-star facilities by mid-2008. The resort has been developed by Elecon in a 15-acre area at a cost of Rs 40 crore to tap the huge potential in hospitality business due to large number of non-resident Gujaratis (NRGs) visiting their native places each year.
