"Conversion of agricultural land into Special Economic Zones (SEZ's) is justifiable."?

Question

Please respond with points to justify the following statement :
"Conversion of agricultural land into Special Economic Zones (SEZ's) is justifiable." I am talking in respect to India.

Answer 1

I can understand the need and desire of the government to try to attract new business by offering incentives like tax free areas and these SEZ, but not at the expense of taking from the people, or misusing quality farm land. Foreign investors are more than capable of offering FAIR Market Value for land that the owner wishes to sell. Under no condition should anyone be forced to sell. Any tax incentives offered companies should be evaluated and care taken to not cut so deep as to bleed government tax money to the point of harm to the people of the state. That is money for schools and hospitals and the welfare of the old, etc. Tax breaks are good for a short term only but the foreign investor should pay later down the road, a true investment into the country it wants to embrace.

Answer 2

a undeniable financial Zone (SEZ) is a countryside that has financial regulations that are extra liberal than a rustic's time-honored financial regulations. many times the purpose is a upward thrust in distant places investment. between the earliest and the main fashionable particular financial Zones have been based by making use of the government of the folk's Republic of China decrease than Deng Xiaoping interior the early Nineteen Eighteen Eighties. the main effectual particular financial Zone in China, Shenzhen, has developed from a small village right into a city with a inhabitants over 10 million interior 2 a protracted time. the object particular financial Zone of the folk's Republic of China components extra counsel relating to the particular financial Zones in China. Following the chinese language examples, particular financial Zones have been universal in numerous international places, which includes India, Iran, Jordan, Poland, Kazakhstan, the Philippines,Russia, and Ukraine. North Korea has additionally tried this to a pair extent, yet failed. at the instant, Puno, Peru has been slated to alter right into a "Zona Ecomomica" by making use of its president Alan Garcia. contained in united statesa., SEZ are pronounced as "city corporation Zones". in accordance to international economic company estimates, as of 2007 there are extra advantageous than 3,000 initiatives happening in SEZs in one hundred twenty international places international.