Analysis of gains and pains of SEZ in Indian scenario

It is a well known fact that India needs massive investments in manufacturing, infrastructure development and in its productive capacities. It also needs to aggressively promote exports of goods and services in such a highly competitive global market place. These were the very aims for which the Government of India mooted the Special Economic Zone (SEZ) Policy in April 2000 which was further concretised through the SEZ Act 2005 and the SEZ Rules 2006 policy. SEZs became controversial because the state acquired lands from farmers and sold it to industry. This is now set to change. Governments will not acquire lands in future. Many companies have offered employment to one member of displaced farmer's family, and in a few cases even shares.