Business Daily from THE HINDU group of publications
Friday, Jun 23, 2006
Business Daily from THE HINDU group of publications Friday, Jun 23, 2006 |
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Industry & Economy
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Infrastructure States - Maharashtra Maharashtra mulls cap on land for SEZs Rahul Wadke
Land acquisitions Govt wants to maintain balance between unnecessary land acquisition and industrial development in the State.
Mumbai , June 22 The Maharashtra Government is planning to put a limit on the land acquired by the Maharashtra Industrial Development Corporation (MIDC) for special economic zones (SEZ) in the State. The issue is being considered due to the opposition faced by the MIDC in acquiring land from local landowners in various districts of the State, said Mr Ashok Chavan, Industries Minister, Maharashtra, while addressing the media at the Secretariat on Thursday.
Policy Decision
Mr Chavan said that the issue would be considered in the Cabinet and a policy decision would be taken shortly. We want to decide on the maximum land, which can be acquired by the MIDC on behalf of a private developer, he said. "We want to maintain a balance between unnecessary land acquisition and industrial development in the State," Mr Chavan said. The MIDC has been facing opposition from local landowners in Puneand Pen regions of the State. Till April 2007, MIDC has firmed up plans to acquire about 30,000 acres of land in the State for SEZs. In view of the opposition, the plans may not fructify now. The upper limit in terms of size in a multi-product SEZ is 1,000 hectares and 100 hectares for a single product. The Board of Approvals for SEZs recently approved 24 SEZs for Maharashtra. There are eight infotech and IT-enabled service units and six multi-product units in these SEZs. The MIDC will develop 11 SEZs and the rest by private sector developers. MIDC has already acquired 3,183.54 hectares for its SEZ and is expected to attract Rs 5,561 crore in investment.
More Stories on : Infrastructure | Maharashtra
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