Coal route: The New SEZ
By ALBERTINA ALMEIDA
As we know SEZs are, by the Government’s definition, supposed to be foreign countries within the country, for the purposes of trade operations and duties and tariffs, with special rules for facilitating foreign direct investment. This means that the Panchayats or Municipalities in whose jurisdiction the areas covered by the SEZs lie cannot take a call with respective to any approvals within those areas. In 2008 Goa awoke to what was called a New Year gift, that SEZs would be scrapped. Rather the SEZ policy would be scrapped to imply that there would be no SEZs. However, SEZ-like set ups continued to exist in Goa. Information Technology Parks and Biotechnology parks continued to be possibilities as the IT Policy and the Biotechnology Policy , which make these possible, as they speak of SEZ like parks, were not scrapped. (more…)