Business Daily from THE HINDU group of publications
Wednesday, Oct 04, 2006
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Business Daily from THE HINDU group of publications Wednesday, Oct 04, 2006 ePaper |
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Opinion
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Letters Compensating farmers
It is not sufficient if the farmers whose land is acquired for the purpose of setting up SEZs are compensated for the price of their land. They should also be given the opportunity cost of the income foregone by them from their land for the next 30-50 years. This could be worked out on the basis of average earnings of the past five years after factoring in inflation. They should also be given a certain percentage of shares gratis in the companies that are set up in the SEZs. This would ensure that their grievances of being deprived of their land are redressed to a great extent. T. T. Krishnan Chennai The SEZ policy, which was supposed to be a single stop solution for all the ills of the exporters, has hit a roadblock much to the chagrin of some in the government. The issue is the land, which in most cases is snatched from small farmers and handed over to the industrialists and corporates. It is naive to expect that reclassification of land use, which effectively rules out the repossession of the land by the current owners for generations, will be smooth. Further, the literacy level and language barriers will reduce opportunities for these farmers to migrate. Policy makers and corporates should take a human approach and act accordingly. For instance, in the case of Reliance, one suggestion is to take these farmers on contract basis and provide them with leased land and need-based funds to engage in farming. The farm output could then be sold through their own proposed retail network. Such forward-thinking and inclusive development models should be adopted by corporate leaders. Balakrishnan
Letters to the editor and contributions can be sent by e-mail to: bleditor@thehindu.co.in
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