Thursday, June 22, 2006

there is an interesting story in latest frontline, especially if you are from mumbai and its outskirts.

reliance is planning to construct world's biggest private sez (special economic zone) called maha mumbai.

details at

a particular comment - in bold below- is interesting. i think globalisation in india involves not only market forces but also the govt that brutally aids this so called 'market forces'.

The land acquisition law also says that while fixing compensation the state must take into consideration the value of the land after it is developed, but this is not being considered. This time, Reliance has chosen to operate outside the market. Companies that swear by `market forces' run back to the state for subsidies and concessions.


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