Parliament panel for freeze on fresh SEZ

Parliament panel for freeze on fresh SEZ
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First Published: Fri, Jul 06 2007. 06 23 PM IST
Updated: Fri, Jul 06 2007. 06 23 PM IST
PTI
New Delhi: The Parliamentary Committee on Special Economic Zones (SEZs) said on 6 July no further SEZs should be notified unless the law is amended to include changes pertaining to land acquisition.
The Committee, headed by BJP leader Murli Manohar Joshi, in its report recommended reducing the maximum land area for multi-product SEZs to 2,000 hectares if cultivable land is acquired for setting up these zones.
Earlier, an empowered Group of Ministers had fixed 5,000 hectares as the land ceiling for multi-product SEZs.
“All land for SEZs should be taken on lease by developers. There should not be transfer of ownership,” the Parliamentary Committee said its 83rd report on functioning of SEZs.
So far, the Board of Approval in the Commerce Ministry has formally approved 341 SEZ proposals, 170 in-principle and notified 128 others.
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First Published: Fri, Jul 06 2007. 06 23 PM IST