Special Economic Zones in India: Public Purpose and Private Property (A)
Posted: 11 Jun 2009
Date Written: March 26, 2009
In 2005, the government of India enacted the Special Economic Zones (SEZ) Act in order to attract investment, generate export revenues and create manufacturing jobs. However, several planned projects faced difficulties in acquiring land for setting up the SEZ. In December 2007, the government introduced a new piece of legislation, which proposed to extend the power of eminent domain to allow the government to acquire land for SEZs. Was this the right response to the land acquisition problems of private firms? Was the SEZ strategy the right one for India's economic growth?
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