India reviewing land buy policy for SEZs

India reviewing land buy policy for SEZs
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First Published: Tue, May 29 2007. 05 31 PM IST
Updated: Tue, May 29 2007. 05 31 PM IST
By Reuters
Mumbai: India is reviewing its policy on acquiring land for special economic zones (SEZs) and it would no longer be compulsory for owners to sell, commerce minister Kamal Nath said on 29 May.
“The whole land acquisition policy is being re-looked at, along with the rehabilitation policy,” Nath said. “The government has one clear thing on SEZs. SEZs are here to stay. The question is land acquisition. There would be no compulsory land acquisition,” he said.
The government has faced protests from farmers and land owners over its plans to acquire land to develop hundreds of SEZs -- large, tax-free industrial enclaves -- around the country to boost exports and economic growth.
“SEZs are very important engines of growth. Land acquisition is not confined to SEZs but also for infrastructure development,” Nath said.
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First Published: Tue, May 29 2007. 05 31 PM IST