Land of Morang Sugar Mills apt for SEZ: Study

BIRATNAGAR, JAN 23 -

The 350 bighas of land occupied by Morang Sugar Mills in Amarduha VDC, Sunsari, could be the most appropriate location in the Sunsari-Morang industrial corridor for developing a special economic zone (SEZ), according a preliminary feasibility study.

The study team, formed by the government, concluded that the area was more appropriate than others, including the land occupied by Biratnagar Jute Mills and Ganapati Cotton Mills. According to the study, at least 350 bighas of land is required for developing a SEZ, and the sugar mills has a single plot of 350 bighas.

The SEZ project under the Industry of Ministry (MoI) had initiated the study three months ago. “The feasibility study has almost been completed,” said Jagdish Shrestha of BDA Consultant-one, which con dusted the study. “The land of sugar mills has been given top priority.”

The government has allocated Rs 3 million for the feasibility study.

Officials involved in the study said developing a Sez on the suggested land would cost around Rs 5 billion. “If work is carried out smoothly, it is estimated that the SEZ will be readied within 3 years,” said a researcher.

Abinash Bohora, president of Morang Merchants’ Association (MMA), said industries which are currently passive will regain momentum if the government begins the construction of SEZ. “But sadly, the government hasn’t even been able to enact the SEZ Act,” he said. “Until a law on SEZ is introduced, no economic progress can be expected.” He also accused the government of fooling industrialists.

The proposed SEZ Act, which envisions expanding economic zones and lowering trade deficits by boosting exports, has stalled in the parliament. SEZs which have already been built are not being able to operate for the lack of an Act. Construction of a SEZ in Bhairawaha has almost been completed, while constructions recently began in Simara.

As per the norms, industries established inside a SEZ should let free from load shedding and labour unrest. Such industries are also entitled to special tax exemptions and they should export 75 percent of their production.

Source: Kantipur