New Delhi: Special Economic Zones (SEZs) seem to have become political tools in the hands of politicos and so the Government on Wednesday announced some changes in the process of undertaking land for the construction of SEZ.
After the recent killings in Nandigram, the Centre announced changes in the rules and made developers solely responsible for rehabilitation of the displaced persons.
“The developer (of special economic zones) shall make adequate provision for rehabilitation of the displaced persons as per the relief and rehabilitation policy of the state government," a Commerce Ministry notification said.
The sudden change in rules by the Commerce Ministry, the nodal agency for approving SEZs, has even preceded the finalisation of the rehabilitation policy being worked out by the Ministry of Rural Development.
The announcement comes on a day when UPA leaders as well as Left parties are meeting at Prime Minister Manmohan Singh's residence.
Further, in a tightening measure to check speculation by real estate players, the validity for 'in-principle' approval has been reduced from three years to one year.
However, the validity for formal approval remains three years because land possession is essential for getting the final nod from Board of Approval in the Commerce Ministry.
Now, the developer will also have to show it possesses irrevocable rights over the SEZ land.
(With PTI inputs)
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