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- Government willing to Increase the size of SEZs in Future
In my opinion Happy, certainly SEZ development will boost the Indian Economy. Though the boost will not be as much as due to the limit of 5000 hectare. Government is willing to be flexible on the limit of 5,000 hectare land area of Special Economic Zones, but not now as decided by EGoM.
Reliance Industries are one of the heavily affected developers, from the limit of 5,000 hectares as it is already acquiring land for two SEZs spread over 10,000 hectares each in Haryana and Maharashtra. So at this stage this policy will definitely affect there plans. Now once again they have to rework on all the plans. Reliance Industries is still optimist on the SEZ issue, and they have demanded the government to re-evaluate this issue and thus lift the cap on size of SEZ.
The limit put on the size of SEZs was one of the compromises reached at the last meet of Empowered Group of Ministers early this month that led to lifting freeze on them.CommentQuote0Flag