- The MIDC has been winding up its plans to set up SEZs
- As many as 28 SEZ proposals, in the government and private sector, were withdrawn or projects denotified in the last six months
- Farmer protests, land acquisition problems, economic downturn and non-feasible tax regimes are cited as reasons for developers backing out. CM Prithviraj Chavan too exercises great caution.
Mandated to create industrial opportunities in the state, the MIDC or Maharashtra Industrial Development Corporation has been doing quite the opposite of late—winding up its own plans to set up Special Economic Zones (SEZs) that promised thousands of jobs and crores of export earnings. In May, it applied to withdraw proposals for SEZs in the textile sector in Yavatmal and Solapur, as well as an SEZ in the leather sector in Osmanabad. Earlier, it had approached the central Board of Approvals to drop proposals for information technology-based...