Yechury urges uniform land acquisition act for SEZs

September 30th, 2008 - 12:03 am ICT by IANS  

Kolkata, Sep 29 (IANS) There should be a uniform act on acquiring land for setting up special economic zones (SEZs) in the country, Communist Party of India-Marxist (CPI-M) politburo member Sitaram Yechury said Monday.”A modern law needs to be drafted for acquiring land for SEZs. Though land acquisition is a state subject, the government should have an all-India law for this,” Yechury said at an interactive session on Industrialisation, Agricultural Growth and Employment organised by the Merchants’ Chamber of Commerce (MCC) here.

He said his party was fighting for the cause in parliament and the issue had also been discussed in the relevant parliamentary standing committees.

“The subject of tax benefits for the SEZ land also needs to be addressed. If the government offers huge tax concessions for the SEZ areas, all industrialists would prefer to take those benefits,” Yechury said, emphasising the need to address modernised agriculture and compensation package for those who lose their land.

He said the government should also focus on reducing the disparity between the rich and poor in India.

“The purchasing capacity of the poor should also be addressed immediately. The growth must be inclusive which would benefit everyone in society,” he added.

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