Reliance, DLF, Mahindras come together on SEZ panel

Faced with large scale political and farmers' opposition, about 50 SEZ developers, including Reliance Industries and DLF, have formed their own panel under the aegis of Export Promotion Council for EoUs and SEZs.

NEW DELHI: Faced with large scale political and farmers' opposition, about 50 SEZ developers, including Reliance Industries and DLF, have formed their own panel under the aegis of Export Promotion Council for EoUs and SEZs.

Vice-President of Reliance Haryana SEZ Ltd, Ajay Nijhawan has been named as Convenor of the panel, which will mainly champion the demand of the developers to remove the 5,000 hectare land cap on a Special Economic Zone.

"Putting a freeze of any kind halts the process of SEZ and economic development," Nijhawan said.

Nijhawan said his panel would also take up with the government the issue of land, which according to the April decision of the Group of Ministers, cannot be acquired compulsorily by any state government.

"Policy must change since we will require state government support for land acquisition," he said.

Director General of EPC for EoUs and SEZs L B Singhal said many other developers such as DLF, Mahindras and IL&FS have joined the panel.
ADVERTISEMENT

Nijhawan said when a developer needs to join different pockets of land, he would require the state government intervention.

Significantly, both Reliance and DLF had obtained in-principle approval for their mega SEZs for which they required 10,000 hectares of land. However, the government has since put a cap of 5,000 hectare and also asked states to ensure that the site is acquired by consent.

A study commissioned by the EPC for EoUS and SEZs has said the developers are in favour of rehabilitation and resettlement policy and no displacement of families be allowed. It said exports from SEZs will go up by over 92 per cent from the present level of Rs 67,088 crore.
Download
The Economic Times Business News App
for the Latest News in Business, Sensex, Stock Market Updates & More.
Download
The Economic Times News App
for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
READ MORE
ADVERTISEMENT

LOGIN & CLAIM

50 TIMESPOINTS

More from our Partners

Loading next story
Business News › News › Economy › Infrastructure › Reliance, DLF, Mahindras come together on SEZ panel
Text Size:AAA
Success
This article has been saved

*

+