Finally Achyutanandan and Co Okays SEZ policy
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Kerala Government had made the boulevard obvious for private SEZs and had brought a state-specific SEZ policy which will be pigging out on all SEZs, comprising 11 which had previously received the union government approvals. Chief Minister of Kerala said to www.propertykhazana.com that, “Out of 10 SEZ applications 9 of them in the private segment will be scuttled to the Centre for its last sanction.
The state’s SEZ policy has a dozen crises, generally to guarantee the Welfare of workers and to control the realty interest of the developers.” State Government has claimed that 70% of the property must be used for industrial motivation. This is a main move from the Center’s policy which specifies that only 50% of the property must be used for industrial usage.
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