vikram

Hello members,

We all are coming across the buzz of "Special Economic Zones", SEZs, for the past several years. The term itself projects boost to economies and business environment and the topic is debated as if it is the only critical subject for Indian economy today.

Moreover, India took the concept of SEZ from China, where SEZs play a dominating role in export scenario.

Anyhow we enacted an SEZ Act in 2005 for development of commercial infrastructure and promote exports by providing incentives and priviledges to the corporates operating from these tax-havens.

But it is surprising to find that more than 60% of the SEZ projects in the country are focussed on IT today. To be precise, out of the total of 362 projects, 225 SEZs are IT centric.

History tells that Indian IT industry is already export-oriented and has potential to grow without any such incentives proposed by SEZs. So, there is no need to press on IT in this manner at this moment.

In my personal view, if Indian policy-makers are really interested in promoting exports and enriching country's foreign reserves, then they should pay due attention to other potential sectors like pharmaceuticals, automobiles, textiles and telecom, also.

paul1970

Good thoughts

Paul

pharaoh

It seems that there is nothing beyond IT in India. Sectors of textiles, pharma, communication truly deserve attention. They have potential to employ much larger number of people and this way they can contribute well in the overall development of the country. I think Indian real estate developers must plan something more for these industries. They're a big big market.

arin_12

In the name of SEZ the real estate player are just pilling the Asset size. Now DLF/Unitech/Omexe each they have 2000-3000 acre of land. Many more player to name also. They just bought these may be it will take another 5-8 yrs to build the whole size if we assume that they dont buy any more. And in the name of SEZ the Farming land is going for a toss. Its time to think of restricting these, else we might fall short of food also.
And if some one tells that, some SEZ is coming in near by then the land price shooot up to 2/3 times immdeate. SEZ is good but now its reached to extra ordinary.

andyserd

Sorry for sounding so naive. But I am unfamiliar with the regulations.

Lemme just get this straight: In an SEZ foreigners can invest and buy property. So far so good. But what about the areas outside of the SEZs. In which parts of India can foreigners purchase housing?

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