SEZ: The high cost of 'easy' foreign exchange - 9 March 2006

India Together: The high cost of 'easy' foreign exchange - 9 March 2006

A new sop came into effect for net-foreign exchange earning businesses in designated export zones from February 10 -- a 15-year income tax holiday. But are the costs of the revenues foregone worth the claimed benefits of more investment and jobs? M Suchitra examines the reality and does not find a rosy picture.