‘SEZs to garner Rs. 3 lakh cr. investments’
Former RBI Governor M. Narasimhan,
handing over the first copy of the book ‘SEZs
-International Experience and Indian Scenario’ to GK
Pillai , Union Commerce Secretary in
on Thursday . In the centre are authors V.K. Srinivasan
and P. S. Sundaram .
Defending the Government’s decision to promote special
economic zones, Union Commerce Secretary G.K. Pillai has
asserted that the initiatives launched in the SEZ will
enable investments to the tune of Rs. 3 lakh core and
employment to six lakh workers in the next couple of
1.14 lakh jobs have been created and an investment of Rs.
67,000 crore flowed in the last two years since the
Government initiated efforts to promote SEZs. Indirectly
referring to the criticism over the allocation of vast
tracts of land to SEZs, he described
as a “noisy democracy” and “we have to live with this
noise” while promoting policies that were aimed at the
larger public good.
Moreover, the rules framed for SEZs were so stringent that
the land cannot be misused by the promoters, he said
challenging the critics to prove a single instance of
misuse in all the notified SEZs.
Pillai was speaking at a meeting organised in connection
with the release of the book “SEZs – International
Experience and Indian Scenario” co-authored by veteran
civil servant V.K.Srinivasan and senior journalist P.S.
Sundaram here on Thursday. Reserve Bank of India former
Governor M. Narasimham, who released the book, hoped that
the “dispassionate work” that touched various aspects of
SEZs would help clear the air on some of the
controversies. Chief Secretary J. Harinarayan said that
the Government was concerned that despite quick steps, it
was not finding many units getting into production.