SEZ policy can be reviewed: Kamal Nath

Despite limiting the SEZ to 5,000 hectares, the government is willing to make changes if an attractive offer is made.

business Updated: Apr 18, 2007 18:34 IST

The newly announced special economic zone (SEZ) policy, which has limited the size of a SEZ to 5,000 hectares, can be 'changed' according to specific needs, Commerce and Industry Minister Kamal Nath said on Wednesday.

"For the moment we have limited the size to 5,000 hectares. But if any proposal come up that requires us to review the policy we would see what can be done," he told the media in a conference held in the Capital.

Kamal Nath said the government is looking at the rehabilitation policy and the provisions announced under the new SEZ policy can be reviewed.

The decision to restrict the size of a SEZ to 5,000 hectares will have huge consequences for Reliance Industries' two mega SEZs that are 10,000 hectares each.

The new SEZ policy was announced by the government on April 5.

First Published: Apr 18, 2007 18:29 IST