 Special Economic Zone, Land Acquisition, and Impact on Rural IndiaSazzad Parwez and Vinod Sen Emerging Economy Studies, 2016, vol. 2, issue 2, 223-239 Abstract: Abstract This article examines the dimensions of land acquisition with respect to establishment of economic zones across India. The enactment of Special Economic Zone (SEZ) Act 2005 allows the government to transfer the land acquired for public purpose under the Land Acquisition Act to the private companies for development. For private firms, land turning into most significant incentive for being part of SEZ scheme and profit maximization. It has been observed that large part of acquired land ends up in the hands of the real estate companies rather than intended productive sectors of industry and infrastructure. Land is the principal source of livelihood in an agrarian economy. Forcible acquisition and transfer of land to corporates leads to large-scale unemployment and displacement, especially when large part of tract remains unutilized. It raises many questions on objective and process of establishment of SEZs. The absence of land use the policy is primarily culprit for faulty diversion of land agriculture along with underutilization of available land. The extreme nature of these SEZs needs to be analyzed through proper policy making. Keywords: Land acquisition; special-economic zone; development; farmer; livelihood (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:sae:emecst:v:2:y:2016:i:2:p:223-239 Access Statistics for this article More articles in Emerging Economy Studies from International Management Institute |
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