Vol. 2 No. 1: April 2007
Globalization has changed the economic scenario of India. It gave a boost to the privatization, industrialization, global competitiveness and rapid advances in information and communication technologies. Central Government announced an SEZ (Special Economic Zone) policy in 2000 to attract FDI, creation of more employment opportunities and high export promotion. The major issue is acquisition of agricultural land and price paid for that. SEZs should be established at non-fertile and waste land after taking care that it avoids regional imbalances in economic progress. The EGOM – empowered group of ministers - on SEZs had placed a ceiling of 5000 hectares on all SEZs. In the years ahead, SEZ can play a vital role in maintain high rate of economic growth in Indian Economy. It may prove a large-scale industrialization catering the needs of global market.
Index
Published:
01-05-2007
