250 SEZs languish for approvals in 21 states: ASSOCHAM
04 Jan '07
2 min read
As many as 250 proposals to create Special Economic Zones (SEZs) in 21 States are still languishing for their approvals from various government, mainly due to disputes on compensation package and acquisition of agriculture land in the absence of suitable relief and rehabilitation package, according to an analysis conducted by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).
The aforesaid number of proposals were to be cleared latest by mid of Calendar 2006 as per ASSOCHAM analysis but continue to linger on for proper sanctions as dispute on agriculture land acquisition is unlikely to be resolved quickly until the top policy makers of various state governments intervene.
According to ASSOCHAM, the 250 proposals will require about 25000 hectares of land and have been awaiting approvals for the last 7-8 months with an estimated investment of over Rs.3000 crores even in States which are supposed to forward looking like that of Andhra Pradesh, Maharashtra, Tamil Nadu, Karnataka and West Bengal.
The State of Maharashtra has yet to give its nod to 41 SEZ proposals on various ground, significant among them include problems relating to acquisition of agriculture land and setting the right quantum for compensation, reveals the findings of Chamber.
Karnataka in which SEZ promoters have yet to obtain government approval for 36 SEZ for the aforesaid reasons, in State of Tamil Nadu, 33 proposals for SEZ creation are still languishing as regards to obtaining government sanctions.
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