Special Economic Zones and its role in Development of India

Special Economic Zones is the approach adopted by Governement to provide the needed thrust for overall Development of Nation. The ultimate objective of setting up Special Economic Zones is to make our country self-sustained in all areas such as Infrastructure, Science and Technology, Manufacturing, Communication, Education. Stimulating the process of Industrialization through SEZ will help India emerge as a Developed Nation by 2020.

Industrialization should create employment opportunities to counter-act increasing unemployment problem, which happens to be a major threat for emergence of India as a developed Nation by 2020. Our Economy largely depends on Industrialization process for it to sustain increasing population.

Now moving to other aspect of SEZ where it is considered to be threat to Agricultural Population and an important cause of Environmental Pollution. It is at this point that Advancement in Science and Technology comes into picture. Government should take steps to promote Research&Development Activities in area of prevention of Environmental Hazards due to Industrialization and in developing Techniques that yield high outputs for a given fixed part of Agricultural Land. Industrialization is a must needed thrust for nation like India which is on its development path and without which the process to attain the status of Developed Nation by India would lose its dynamism. Government should take a balanced approach as “Agricultural Sector, Environmental Pollution” are equally important as that of Industrialization.

Source: The Hindu, December 21, 2008