10-19-2006, 06:52 PM
I think India does need insulated cities, that don't have to be SEZ's neccessarily, but brand new cities designed with infrastructure and law enforcement at industrialized world levels (essentially many "Singapore's" in India that require a permit to enter). This is the only way India can build "showcase cities" that can be what Hong Kong or Shenzen was to China.
I agree that too much tax exemption is wrong, infact the Indian government policy should be be more deregulation, but also more taxation, and that money should be spent on infrastructure/ public works to create jobs and further economic growth.
I agree that too much tax exemption is wrong, infact the Indian government policy should be be more deregulation, but also more taxation, and that money should be spent on infrastructure/ public works to create jobs and further economic growth.