Parliament panel comes down on SEZ concept

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A House panel has pilloried the Special Economic Zone (SEZ) scheme, contending that its continuation in its present form needs “serious reconsideration “ in the wake of “the persistent complaints that the SEZ has degenerated into a scheme to garner land at advantageous prices and obviate taxes without expected multiplier benefits”.

The Public Accounts Committee (PAC) on SEZ, tabled recently in Parliament, said that its detailed examination of the scheme has revealed “a number of deficiencies which include system as well as compliance weaknesses relating to policy and procedures governing the management and functioning of SEZ units”.
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