10-20-2006, 10:26 AM
<b>Left demands put India SEZs in doubt</b>
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->So far 150 SEZ projects have been approved and a further 100 are pending approval.
Economists believe that the proposed SEZs are unlikely to help Indian manufacturing because half are less than 1sq km in area and the average size of just 4.2 sq km.
Finance ministry officials say SEZs are giving unnecessary tax breaks to real estate developments that would have taken place anyway and will cost the government $19bn in revenues by 2010.
Copyright The Financial Times Limited 2006
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They should not use agriculture land.
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->So far 150 SEZ projects have been approved and a further 100 are pending approval.
Economists believe that the proposed SEZs are unlikely to help Indian manufacturing because half are less than 1sq km in area and the average size of just 4.2 sq km.
Finance ministry officials say SEZs are giving unnecessary tax breaks to real estate developments that would have taken place anyway and will cost the government $19bn in revenues by 2010.
Copyright The Financial Times Limited 2006
<!--QuoteEnd--><!--QuoteEEnd-->
They should not use agriculture land.