The Hindu : Business : SEZ policy is here to stay: study

Online edition of India's National Newspaper
Friday, Aug 10, 2007
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SEZ policy is here to stay: study

Staff Reporter

NEW DELHI: Special economic zones (SEZs) and export-oriented units (EOUs) provide promising opportunities for generation of employment, economic growth and infrastructure development for the country, says a research study. It also points out that international investors are looking towards India and China, constituting almost 40 per cent of the world population, as the most opportune places for investments because of the inherent market potential and availability of youth that can be skilled for economic growth.

According to the study conducted by the Export Promotion Council for EOUs and SEZ units (EPCES), the government policy on SEZs is here to stay. The SEZ policy of the Government is gaining strong footing and the operation of the units in the few SEZs that have been established are having a positive impact on the overall economic scenario.

Pointing out that only 0.1 per cent land is being used for industrial activities in India, the study found that most developers are willing to participate in the development of the surrounding social milieu. The study said investment to the tune of Rs. 1 lakh crore, including FDI of $5-6 billion, is expected by the end of this year. This would create over a lakh direct jobs.

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