Emaar Told Apex Court: Hyderabad a World-Class Business Destination

Apex court bats for SEZs, IT parks
Sify - Chennai,Tamil Nadu,India

In an unrelated case, the apex court has backed ongoing and proposed government projects to set up special economic zones (SEZs) or industrial and IT parks on land acquired from farmers if such projects bring in foreign exchange, generate employment opportunities, and "secure economic benefits to the State and the public at large". ...Emaar, being a party to the lawsuit, filed an affidavit supporting the Andhra Pradesh government. It said the state government wanted to turn Hyderabad into a world-class business destination and a leader in the knowledge sector. The project would be in the larger interest of public, Emaar told the apex court. The state government also pleaded that it had acquired the land for public purpose. ...