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Saturday, Apr 07, 2007
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Infrastructure Government - Politics Industry & Economy - Real Estate & Construction CPI(M) wants ceiling on SEZs to be reviewed Our Bureau
The CPI (M) did not agree with State Governments not being involved in acquisition of land, particularly for those of a larger size.
New Delhi April 6 The Communist Party of India (Marxist) said on Friday that the Government should await the recommendations of the Standing Committee on Commerce and re-examine the whole matter on special economic zones (SEZs). The Polit Bureau of the CPI (M) said that a multi-product SEZ should have a minimum specified size of only 400 hectares (1,000 acres) and a ceiling of 2,000 hectares (5,000 acres).
Pegs ceiling
The Empowered Group of Ministers (EGoM) on SEZs had on Friday decided to peg the ceiling on multi-product SEZs at 5,000 hectares (12,500 acres). It, however, did not disturb the existing minimum size of 1,000 hectares (2,500 acres) for multi-product SEZs. Stating that the changes in SEZ policy announced by the EGoM was totally inadequate and fell far short of what was required, the CPI (M) Polit Bureau noted that it has ignored the comprehensive suggestions made by the Left parties. "The UPA Government should realise that the political parties across the board have come out against the present SEZ Act and rules. If the Government proceeds with the SEZs in the present form, the matter will have to be taken up in Parliament so that the demand for amendments to SEZ Acts and rules can be dealt with there," a statement issued by CPI (M) Polit Bureau said.
Iniquitous Tax
The CPI (M) did not agree with State Governments not being involved in acquisition of land, particularly for those of a larger size. "There has to be State intervention to ensure that if any land is being bought, the farmers and others working on land get a fair price. In the absence of any changes in the Land Acquisition Act and a rehabilitation policy that can be legally enforceable, the licence being given to corporates to buy land on a large scale will be harmful," the statement added. The CPI (M) said that the EGoM has left the "exorbitant and unjustified" tax concessions intact.
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