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    Special Economic Zones in India: Public Purpose and Private Property (A)

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    skaveripatnam
    This document summarizes key aspects of special economic zones (SEZs) in India and the associated land acquisition policies. It discusses [1] the initial enactment of the SEZ Act in 2005 to set up duty-free enclaves, aimed at employment and foreign direct investment; [2] the controversy over land acquisition that led to riots and policy changes; and [3] the subsequent Land Acquisition Amendment Act of 2013 that established regulations around compensation, rehabilitation, and land use. It also briefly compares India and China's approaches to SEZs and land policies.

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    Special Economic Zones in India: Public Purpose and Private Property (A)

    Uploaded by

    skaveripatnam
    41 views7 pages
    This document summarizes key aspects of special economic zones (SEZs) in India and the associated land acquisition policies. It discusses [1] the initial enactment of the SEZ Act in 2005 to set up duty-free enclaves, aimed at employment and foreign direct investment; [2] the controversy over land acquisition that led to riots and policy changes; and [3] the subsequent Land Acquisition Amendment Act of 2013 that established regulations around compensation, rehabilitation, and land use. It also briefly compares India and China's approaches to SEZs and land policies.

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    This document summarizes key aspects of special economic zones (SEZs) in India and the associated land acquisition policies. It discusses [1] the initial enactment of the SEZ Act in 2005 to set up duty-free enclaves, aimed at employment and foreign direct investment; [2] the controversy over land acquisition that led to riots and policy changes; and [3] the subsequent Land Acquisition Amendment Act of 2013 that established regulations around compensation, rehabilitation, and land use. It also briefly compares India and China's approaches to SEZs and land policies.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    41 views7 pages

    Special Economic Zones in India: Public Purpose and Private Property (A)

    Uploaded by

    skaveripatnam
    This document summarizes key aspects of special economic zones (SEZs) in India and the associated land acquisition policies. It discusses [1] the initial enactment of the SEZ Act in 2005 to set up duty-free enclaves, aimed at employment and foreign direct investment; [2] the controversy over land acquisition that led to riots and policy changes; and [3] the subsequent Land Acquisition Amendment Act of 2013 that established regulations around compensation, rehabilitation, and land use. It also briefly compares India and China's approaches to SEZs and land policies.

    Copyright:

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    Download as PDF, TXT or read online from Scribd
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    Special Economic Zones in India: Public Purpose and Private Property (A)

    LAURA ALFARO LAKSHMI IYER

    OVERVIEW
    Enactment of SEZ Act in 2005- set up duty free enclaves that were deemed foreign territory for the purpose of trade operations. Indias SEZ aimed: i. to provide employment to the growing labor force and ii. attracting FDI to the country. Nandigram project: used up agricultural land which led to riots. (scrapped the project) National freeze of land acquisition by the govt for SEZ. Introduction of Land Acquisition Amendment bill in Parliament in December 2007.

    THE LAND ACQUISITION AMENDMENT ACT


    The right to fair compensation and transparency in land acquisition, rehabilitation and resettlement Act 2013
    !

    Highlights include: Compensation Rehabilitation and Resettlement Retrospective operation Compensation for livelihood losers Consent Return of unutilized land Share in appreciated land value Exemption from tax

    DISCUSSIONS

    INDIA VS CHINA
    India SEZ ACT of 2005 - tax regulatory and infrastructure incentives SEZ could be set up by central, state, private sector or a joint collaboration SEZ parts considered as foreign territory Stringent labour laws China 1940s-Govt. owned all land 1980s-land from govt. leased to pvt. (southern regions) Setting for ! Capitalism Tax benets Collective Bargaining Increase in employment
    !

    Increase in GDP and Exports Questioning the merits of accelerated growth

    How can the Indian government strike a balance between the agrarian sector and the industrial sector?

    WE THINK!!

    As India is a vast area, proper organisation, vigilance and appropriate allocation with the right compensation will be able to solve this issue.

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