Should the SEZ projects in India be driven by Government or private sector, or be joint ventures?
KD: The SEZ Policy is an initiative of Government of India. The policy is meant to work in public-private partnership. The Central Government or the State Governments may set up the SEZ on its own or jointly with any private party. So far as development of SEZs by private sector is concerned, the monitoring mechanism under the SEZ Law is robust enough to prevent misuse of the policy. And if along the way, any leakages are noticed, and most certainly there will be some, they shall have to be plugged with open mind. On the whole, the scheme is pragmatic and free of isms. Do the current land acquisition laws provide scope for exploitation of farmers? YA: The litmus test of Indias SEZ policy would be its handling of land acquisition process. It is a matter between the SEZ developer and the owner of the land to strike the deal at the market price of the land. The real issue is: giving fair deal to the farmers. In practical terms, the decision to give ones land for SEZ development would larg
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