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in Class 11 by kratos

Write a note on Special Economic Zones.

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+4 votes
by kratos
 
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Special Economic Zone ( SEZ):SEZ is defined as an earmarked geographical area meant for production of goods and services basically meant for the purpose of export where economic laws are different from the prevailing ones in other parts of the country. Special facilities are provided to the firms operating in SEZs in terms of tax concessions and infrastructural setups as well as regulatory incentives. SEZs can be set up in the public sector, private sector, or ***** sector or even by the state governments in collaboration with any corporate.

The proposals for setting up of SEZs in the agrosector to boost the exports food and agro products, which benefit the farmers of the country. The land is acquired at a subsidised rate, and the compensation given to the land owner is far less than the market price. It also gives rise to income disparities and help rich to become richer. These special economic zones are exploiting the local labour and displace the livelihoods in the agrarian economy.

The agrarian policy of the government of India and the state governments are against the interests of the vulnerable sections. The case is that of the Special Economic Zone ( SEZ) policy whereby the state governments are acquiring lands under the Land Acquisition Act for industrialists and corporate agencies. Thus the marginal and small farmers are rendered landless. There is strong resistance by farmers and agricultural labourers throughout the country but yet the land is being acquired forcefully. Some farmers have also lost their lives in this process.

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