• Tax losses to the Indian economy (Ministry said two studies ICRIER by Finance Ministry and CUTS International by Commerce Ministry had been commissioned to study this)
• Ceiling of the maximum size of multi-product SEZs (already under consideration of the EGoM)
• Land acquisition problems
Sources said the original plan was that the two former CMs would then report back to the High Command and Pranab Mukherjee. This would then be followed by summoning of EGOM on March 21 before the present Budget session goes into recess.
However, the police action at Nandigram has taken the wind out of this exercise and will force the Congress leadership to keep the SEZ notifications into cold storage till the UP elections are over.
It is another matter that the SEZs were expected to provide 15 lakh additional jobs and get an investment of over Rs 58,000 crore before the 2009 general elections.
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