Advertisement

Help
You are here: Rediff Home » India » Business » Report
Search:  Rediff.com The Web
Advertisement
  Discuss this Article   |      Email this Article   |      Print this Article

Over 550 SEZs cleared across India; none for Bihar
 
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
Advertisement
August 28, 2007 13:47 IST

At a time when the Centre has given final approval to 362 special economic zones that are expected to attract a total investment of Rs 300,000 crore (Rs 3,000 billion), the country's poorest state -- Bihar -- is yet to come up with any special economic zone proposal.

Bihar does not figure at all in the list of SEZs that have been given either formal or in-principle clearance by the board of approval. In sharp contrast, the Board has cleared a total of 550 proposals across 20 major states.

The 362 SEZs that have received formal nod are expected to attract investment of Rs 300,000 crore and create jobs for 40 lakh people, according to commerce ministry estimates.

"There has not been any proposal from Bihar backed by the state government... it seems to be their conscious policy," a central government official said. Bihar has remained an SEZ-free state as Chief Minister Nitish Kumar-led government is believed to have taken a decision to avoid any controversy due to land acquisition.

Farmers in several other states such as neighbouring Uttar Pradesh and West Bengal have protested land acquisition for SEZs and other industrial activities.

Uttar Pradesh has also pressed the pause button on sending fresh proposals to the Centre, pending review of these projects by the new government led by chief minister Mayawati. Ever since Mayawati took charge, she has stopped forwarding any applications, the official said.

As per the SEZ rules, the board of approval cannot give formal clearance to any proposal unless the land has been acquired and it has the backing of the state government.

India's great rush for SEZs


© Copyright 2007 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 Email this Article      Print this Article

© 2007 Rediff.com India Limited. All Rights Reserved. Disclaimer | Feedback