Appraisal of the Report on SEZ Functioning

Deepa Gupta; Gaurav Goyal

doi:10.26703/jct.v4i1.405

Authors

Deepa Gupta Lecturer, Faculty of Commerce, G.S.K.M. Degree College, Bulandshahr
Dr. Gaurav Goyal Lecturer, Department of BBA, I.P. (PG) College, Bulandshahr

DOI:

https://doi.org/10.26703/jct.v4i1.405

Keywords:

SEZ, Indian Industrial Estates, DTA

Abstract

Parliamentary Standing Committee Report on the Functioning of Special Economic Zones is a very comprehensive and sensitive document. It is comprehensive because it takes into account consideration of food security, defense, loss of massive tax revenue due to a plethora of exemptions indiscriminately granted both to entrepreneurs and developers, composition of Board of Approvals for SEZ projects, need for replacement of Land Acquisition Act (1894) by a more modern legislation for SEZ, and providing level playing field for industry in Domestic Tariff Area (DTA) and SEZs. It is a sensitive document because it voices the concerns of the farmers, sharecroppers and other co-workers who are the stakeholders in the implementation of SEZ policy.