Authors: S.K. Khatik, R.V. Saxena
Addresses: Department of Commerce, Barkatullah University, Bhopal 462024, Madhya Pradesh, India. ' City Division (East), MPMKVVCo. Ltd., Bhopal 462016, Madhya Pradesh, India
Abstract: It is a well known fact that India needs massive investments in manufacturing, infrastructure development and in its productive capacities. It also needs to aggressively promote exports of goods and services in such a highly competitive global market place. These were the very aims for which the Government of India mooted the Special Economic Zone (SEZ) Policy in April 2000 which was further concretised through the SEZ Act 2005 and the SEZ Rules 2006 policy. SEZs became controversial because the state acquired lands from farmers and sold it to industry. This is now set to change. Governments will not acquire lands in future. Many companies have offered employment to one member of displaced farmer|s family, and in a few cases even shares.
Keywords: SEZs; special economic zones; India; developing economies; emerging economies; business research; investment; manufacturing industries; infrastructure development; exports; global markets; farming; agriculture; land acquisition; industrial development.
International Journal of Economics and Business Research, 2010 Vol.2 No.3/4, pp.310 - 327
Available online: 29 Mar 2010 *Full-text access for editors Access for subscribers Purchase this article Comment on this article