Business Daily from THE HINDU group of publications
Wednesday, Feb 07, 2007
ePaper


News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Industry & Economy - Infrastructure
States - Andhra Pradesh
Singur SEZ package is ideal, says Yechury

Our Bureau

`There is nothing wrong in acquiring agricultural lands, if it was absolutely necessary.'

Advertisement
Bharat Matrimony

Visakhapatnam Feb. 6 There is a need for bringing about amendments in the Special Economic Zones Act to do justice to those losing lands and also to ensure proper use of land acquired for the purpose, according to Mr Sitaram Yechury, Polit Bureau member of the CPI (M) and also member of the Rajya Sabha.

At a press meet here on Tuesday, he said the Singur SEZ package was ideal and other States should emulate West Bengal in this respect. He said that farmers should be paid 50 per cent more than the market rate for the lands acquired for SEZs.

Besides, he said, 50 per cent of the land allotted for SEZs should be used for production, which currently was only 25, and 25 per cent should be used for infrastructure development. The remaining 25 per cent should be used for commercial housing.

He said the compensation package should also take into account the agricultural labour in the area and they should also be compensated. They should be imparted training and absorbed in the units coming up in SEZs.

He said there was nothing wrong in acquiring agricultural lands, if it was absolutely necessary, provided only one crop was being grown on the land and it was a rainfed area.

Referring to the Singur controversy, Mr Yechury said, "We have acquired 1,000 acres by paying 150 per cent of the market rate to the affected farmers and we have also compensated the labour dependent on the farm land. Therefore, there is no justification for an agitation. Both the Congress and Trinamool Congress are distorting facts."

Rehabilitation

On the group of ministers set up under the chairmanship of Mr Pranab Mukherjee for evolving a proper rehabilitation policy for those affected by SEZs, he said there should be a uniform policy for all States. "We also want the tax concessions to be reviewed. Besides, the labour laws should be implemented in SEZs," he said.

He said the Union Government was in favour of implementing labour laws in SEZs, but the States would have to pass the requisite laws, as it was a State subject. "Therefore, we want the Centre to issue a directive to the States," he added.

Mr Yechury, also the chairman of the Parliamentary standing committee on transport, tourism and culture, said all efforts would be made to develop inland waterways in the State and country.

More Stories on : Infrastructure | Real Estate & Construction | Politics | Andhra Pradesh

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Eco protection: Bengal in talks with Reliance


World urban population to exceed rural this year
Underlining the challenges posed by capital flows
Nagaland annual Plan pegged at Rs 900 cr
Unit-linked plan for HNIs from Birla Sun Life
Productivity measure will aid economic growth: CII
Kerala bid to control price rise
International olive oil body bullish on India
Blood donors' meet
FIPB clears Salim Group's investment in Bengal SEZ
Ansal to invest Rs 10,000 cr in Punjab
Singur SEZ package is ideal, says Yechury
India agrees to price formula for Iran gas pipeline project
ONGC to have clean development mechanism project
GlaxoSmithKline, Ranbaxy to expand R&D alliance
SIMA plans captive power plant at Tuticorin
Power Finance public issue subscribed 72 times
PSBs set to top target for SME credit
Cheaper power for drinking water schemes
SET announces World Cup cricket schedule
TRAI submits recommendations on CAS to Govt
Math institute becomes university
Royal Asiatic Society member
Tech institute signs MoUs with IBM
UGC to provide financial assistance
Gateway HR solutions to offer more services
Cement price rise inevitable, say analysts
IDBI Bank's property sale today
Bangalore chamber concern over bandh call
Micro-finance homilies at Satyagraha Centenary
`Leadership qualities can be imbibed'
Subcon 2007 from Feb 23
Import of sensitive items up 12% in April-Dec
Mauritius tourism initiative
Escorts announces senior appointments in group cos
Elected


The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | The Hindu ePaper | Business Line | Business Line ePaper | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2007, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line