Financial Crisis
SEZ and the current financial crisis
Details:
The current global liquidity crunch has done lot of damage to the investing environment. Among other things, it is increasingly difficult for the current foreign and domestic investors and developers of SEZ to get the required funds to continue the normal operations. I think the government must pay urgent attention to this and actively address the funding and other issues. It goes without saying the losses incurred due to delays and neglect will have disproportionate impact on all current and future SEZ projects. Are there any new programs, policies or incentives (specially for NRIs) the government of India is starting to keep the progress going until the crisis subsides. Which is the appropriate government body that one should contact to drive this point home ?
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