Amber Dubey, Partner and India Head of Aerospace & Defence, KPMG feels that a tough relook is required at the Land Acquisition, Rehabilitation and Resettlement (LARR) Act, 2013, as it has made land acquisition for public infrastructure projects such as airports impossible.
One of the major reasons why SEZs have not taken off in a major way in India is on account of the intrinsic lack of export competitiveness, says Indranil Dasgupta, Chief Executive Officer-Industrial Zones, ATTIVO Economic Zones, Srei Infrastructure Finance Ltd.
To have much shorter sea route to the economically vibrant Southeast Asian region and help boost its trade and push for greater connectivity with ASEAN (Association of South East Asian Nations) countries, India is mulling on a deep-sea port in southern Myanmar. The Dawei deep sea port and special economic zone is slated to give a huge boost to connectivity and trade in the Southeast Asian region when it is commissioned in a few years. The $8-billion project is being developed jointly by Myanmar
While in theory, the idea behind setting up IDFs is sound, the two structures proposed by the Ministry of Finance at present do not appear to have enough credit enhancement mechanisms to bring in domestic and foreign long term institutional investors, says Amit Dinakar.