CENTRAL GOVERNMENT SHOULD REPERAL SEZ ACT 2005 IMMEDIATELY

CENTRAL GOVERNMENT SHOULD REPERAL SEZ ACT 2005 IMMEDIATELY

The Speecial Economic Zone Act is suicidal for our country. It would revive ZAMINDARI and PRINCELY system. Special Economic Zones would:-

1. Deprive the lakhs of farmers and agricultural labours of their livelihood
2. Create Foreign Territories in our motherland
3. Cause revenue loss to the Nation to the tune of Rs. 1 lakh crores in a period of 5 years, as estimated by the Ministry of Fdinance
4. Would revive bonded labour system, as many labour laws are exempted
5. Would endanger the national "FOOD SECURITY"
6. Would jeopardise the soverignty and freedom of our country
7. Would create ecological problems.

BMS feel that SEZ is nothing but promotion of real estate business at the cost of the Nation. The Parliamentary Committee headed by Dr. Murli Manohar Joshi also suggested to the Government not to approve SEZs anymore. Considering all these vital factors, the National Executive of BMS at its 112th meeting held at Nagpur reiterates that the Central Government should immediately repeal the SEZ Act 2005.