The Special Economic Zones Policy was announced in April 2000 with the objective of making the special economic zones (SEZs) an engine for economic growth, supported by quality infrastructure and an attractive fiscal package both at the central and state level with a single window clearance. The SEZ concept recognises the issues related to holistic economic development and provides for development of self sustaining industrial townships so that the increased economic activity does not create pressure on the existing infrastructure (www.commerce.nic.in). [caption id="attachment_4274" align="aligncenter" width="1730"] Table 1: Zone wise Notified Land Area Details[/caption] It may be seen from Table 1 that over 30,000 hectares, which is around 60 per cent of the SEZ area still lies unutilised. That tells the story of the flaws in our land acquisition policy. The Noida special economic zone shows only 15 per cent land utilisation. Is it then not required to first develop the unutilised areas before making a beeline for further acquisition elsewhere.
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