Controversy Over SEZ In Kerala

Thiruvananthapuram: The Kerala Pradesh Congress Committee (KPCC) alleges that the current controversy over Special Economic Zones (SEZs) in the State has its roots in the schism in the ruling Communist Party of India (Marxist), with one section showing undue haste in getting them cleared to help certain real estate companies.
The KPCC executive committee, which met here on Sunday, discussed the SEZ controversy among other issues and decided to come out with a statement reiterating the party’s policy perspective on the topic. KPCC president Ramesh Chennithala explained the party’s stand on the issue at a press conference after the meeting.
The committee felt that the controversy in the CPI (M) and the Left Democratic Front (LDF) it led was uncalled for. The LDF government had already cleared SEZs in several places in the State focusing on sectors such as Information Technology and neither the Communist Party of India nor Chief Minister V.S. Achuthanandan had found fault with the policy when it was mooted.
In a note circulated at the meeting, Mr. Chennithala, laying out the party’s policy, said a majority of the 21 applications before the government seeking SEZ status were from real estate groups and builders whose main objective was to construct apartments and allied facilities.
Listing out the names of the companies, Mr. Chennithala said in his note that the Industries Department had forwarded the applications of some of these companies to the Chief Minister’s office without proper spadework and by exempting them from the mandatory government clearance. And the proposals were sent for Central clearance without a discussion in the Cabinet. Most of the companies had exaggerated their investments in the SEZ and many involved farmlands, the note said.
Later at a press meet, Mr. Chennithala said the Chief Minister had now opposed the SEZs not because of ideological differences but because his party’s State committee had sought to corner him politically.The KPCC president said the Congress stance had been clarified by party president Sonia Gandhi at the Nainital All India Congress Committee session.


  1. Posted August 26, 2008 at 3:28 am | Permalink

    Thanks to choppy economic conditions, the real estate market continues to slide and some top builders expect a substantial dip in their sales this year. Mr. Niranjan Hiranandani, Managing Director, Hiranadani Constructions said, “Due to a slump in the real estate market, our forward budget planning has come down by 15%. Hence, by this year end, we expect our overall sales to dip by about 20% to 25%.” Earlier this year, the company was expecting a rise in its budget by about 35%, but calculations have gone awry. However, he feels that the market dynamics are still strong and there are a number of opportunities available for the realty market to grow in the long term. Mr. Hemant Shah, Chairman, Akruti City believes that only after Diwali, the real estate market will start showing some signs of improvement.For more

  2. shahin
    Posted September 10, 2008 at 6:29 am | Permalink

    the special economic zones would be very helpful for the development of kerala. But since some of the huge growing MNC’s[Multinational companies]donot give a good offer for our workers we couldn’t depend on them.

  3. KnowYourProfit
    Posted September 12, 2008 at 5:33 am | Permalink

    This blog is novice and informative,it is a pleasure to post a comment on this usefull blog created by a webmaster

    Now as such the final stages of the formal completion of nuclear deal has come,so we can expect some positive news effecting the
    movement of the INDIAN STOCK MARKET which means stocks coming in power sector will take new direction

    Companies which will benefited includes mainly

    1.Larsen n Tourbo(LT)
    2.Hindustan Construction Co. Ltd(HCC)

    and the list had few more names..

    Happy Trading

    Have Query

    Feel free to contact us at

    Team KnowYourProfit


  4. Posted September 26, 2008 at 11:36 pm | Permalink

    After dilly-dallying for several months, the Left Democratic Front Government in Kerala on Friday decided to allow special economic zones in the private sector with 12 conditions.

    Following were the conditions proposed by the LDF: Seventy per cent of the land should be used for industrial purpose. Incentives in the SEZ would be limited for the industrial units only and the ancillary segments would not enjoy any benefits. SEZ would not be given any incentives on electricity. Government would not acquire land for SEZ. Sales tax rebates and their duration would be decided before the operation of the SEZ. Job security for employees should be ensured. While sanctioning SEZ, stress should be given for production units. Agricultural land should be not be used for SEZ

  5. Kochi property
    Posted February 2, 2009 at 3:40 am | Permalink

    To know more about all kinds of properties in Kochi – Kerala.

  6. sharetipsinfo
    Posted February 28, 2009 at 12:10 am | Permalink

    In the time of recession one job or one work is hardly fulfilling needs of people. So everyone is looking for supplementary source of income.
    Now the question is what can be that source of income in such a bad phase of economy??

    Well it’s very difficult to start new business at this point of time as it requires lot of cash and efforts. So again question is how to make more money in such conditions when needs are same and income is low?

    We strongly suggest that if you like to take bit of risk and don’t want to spend too much money and time on new venture then stock market is the right place for you.
    To be very frank this is not the right time for investment that is for long term to medium term investment but every day is a favourable day for day trading. No matter if NSE or BSE
    is bullish or bearish as In stock market one can earn in both of these trends.

    So just think about it and see if stock market can be the right place to make some extra money.

    Please feel free to contact us for any query.


  7. sharetipsinfo
    Posted April 26, 2009 at 10:27 pm | Permalink

    It’s a well know fact that stock market is affected by elections and now Election 2009 are about to begin in some time so for sure they will also have some sort of impact on Indian stock market.
    One can find complete report on Impact of elections on stock market

    Apart from Elections another major concern for Indian stock market is Inflation. There was a time when we were concerned about rising inflation but now we are conscious about this falling inflation.

    So big question is what should day traders and investors do?

    Frankly speaking day traders are least concerned about the market they simply follow trend and make maximum out of it. But yes investors should keep there portfolio light till the elections get over.

    Please feel free to contact us for any query.


  8. sharetipsinfo
    Posted May 29, 2009 at 5:22 am | Permalink

    During elections time stock market act very weird. One has to be very careful while doing trading and investments in Indian stock market.

    If you have any doubt please feel free to contact us.


Post a Comment

Your email is never shared. Required fields are marked *