The main reason for SEZ is the antiquated labor laws. In India, people think that the job they do is supposed to be secure and that the corporation is run for workers benefit and not for profit. Well because of this mentality investors are still reluctant to start any venture that requires labor. Ironically, this labor protection resulted in joblessness. For Nehruvian it made more sense to be hungry and jobless than to be "exploited".China recognized this 20 years back. They created SEZs where labor laws would not apply and manufacturers came and now China is way ahead and leader in manufacturing. India elephant has just woken up from looong sleep. First of all Indian people should understand this very clearly, "Investors only invest and create jobs if they get better returns than other available sources." This often means employing labor in low wage countries.The much touted technical expertise of Infotect is nothing but cheap labor, in reality. Why should otherwise I invest money if I can get 10.5% long run return in S&P 500? I expect to see greater return than that, and main reason for investing in India is cheap labor, that is plenty, which means low wage inflation rate. I think all software companies should be moved there, as well as, new manufacturing plants should be opened. Choice is again of Indian people to make. To die of hunger & poverty with dignity -or- work and earn money under a capitalist who is only interested in profits.Choice is yours.
No nedd to be hyetrical.No great emoployment will come.these SEZs are already existing in india since 25 years and big failures except SEEPZ that too as it alowed gems and jewellary guys so turnover is good.rest all are duds. Export goods shoul,dbe made at various places to use local talent and raw materials and not relocate tribves and c all migrant workers.It is sily approach.Chibnese SEZs are also old schemes but nicely done.They are captives of US and other MNCs and not independent mostly.People should learn facts before jerking hands up in air.This is property scandal.What advantage in any form Gurgaon SEZ will give to the coiuntry can any one tell me? I can understand a sea coastal area SEZ.
RE:RE:RE:Do you know SEZs were started 20 years back in India?
by Amit Arora on Jul 24, 2007 03:52 PM Permalink
To unknown, For your comment on failure i just want to say very negative approach. "Many of life's failures are people who did not realize how close they were to success when they gave up" - Thomas Edison
RE:Do you know SEZs were started 20 years back in India?
by Punit Pande on Jul 24, 2007 03:25 PM Permalink
With over 350 SEZs spread across the country, most parts of the country shall benefit from the development of these zones. the failures till date were on account of mis-management and lack of clear policy in this regard. Now with a clear policy in place, huge amount of funds being pumped in by the private enterprise, which shall bring in best practices from across the world, we can expect us to be successful with this business model. If such options were not created, would we have seen such widespread developments in infrastructure both by public & private enterprise.
attractive currency conversion rates themseleves are an attractive proposition...huge margins in xport biz shud be tempting enough for xporters to xport more...and now talk about additonal incentives and govt counts on indirect benefits like spending by employed workforce and other economic activities...why shud govt sacrifice one for other...why cant it have it both?...why this spoon feeding???....we dont have a system that pushes competent people to the top of the ladder to xport competent goods/ services at competent rates....if land is a necessasity then they wud have thought out of leasing it out long-term...and see wat our import obligations are forcing us do?...trying 2 earn dat extra-buck to meet/adress the trade deficits and BOPs...govtz 2 helpless to do anything effective...building export-centric economy is too fragile setup...it cud be only a top-up on strong domestic economy...
1) How many person going to be unemployed before getting the job.
2. I think you know better the SEZ rule and theory of SEZ in your mind. In china the people working in SEZ have no independency. They work in SEZ about 16 to 22 hrs daily. Many people are pschriatic pateint
RE:How many person going to be unemployed before getting the job
by babu on Jul 24, 2007 11:47 AM Permalink
Are you Chinese? I have worked in Shanghai China. What are you saying is totally wrong? One example : For Chinese New year china Gov. gives 7 days leave. And in India for Depawali we get only 1 day leave.
RE:How many person going to be unemployed before getting the job
by girish on Jul 24, 2007 12:01 PM Permalink
shanghai is not sez...go to shenzhen ghounzhou etc...the chinese workers r treated like animals,just like in interior or india.
RE:RE:How many person going to be unemployed before getting the job
by raj on Jul 24, 2007 12:10 PM Permalink
Because of SEZ's china is now world 2nd largest consumer power 500 million rich Medal class after US.Rest of china population will become rich in next 10 years. And after 10 years also Indians will give silly comments only on China Growth. What we Indians are doing from last 60 years.
RE:How many person going to be unemployed before getting the job
by blue wrox on Jul 24, 2007 12:11 PM Permalink
and china celebrate only for newyear.We celebrate id,bakrid,diwali,christmas,pongal,ugadi,etc etc.
If 4 million people get job and 12 million get livelyhood ..then nothing wrong in relocating .03 million people after paying adequate consideration... These people should look beyond agriculture if they cannt' settle elsewhere...
RE:Nothing wrong to relocate people.....
by sanju baba on Jul 25, 2007 02:00 AM Permalink
I wish on the property you have govt pay you ADEQUATE compensation and run a road over it .. does that pinch you ..
