Re: Abu Dhabi signs $5 billion oil refinery deal with Pakistan
Can you enlightment me what development we have from this project.....our govt. is giving 1000 acres of prime land near Bin Qasim free of cost.....worth about a billion dollars.....we are not going to recieve any taxes for 20 years....and it's unlikely the junkyard refinery will be running after 20 years.....crude will be imported and reexported leaving behind poisonous gases....what economic benefit you see from this particular project as a refinery is not even a very big employer of human resource>>>
As far as India is concerned they have very stringent envoirnmental regulations in place which are being followed strictly. Still there are refineries being set up there but all these are new modern refineries with all sort of envoirnmental protections in place....unlike the refineries we are allowing which were set up may be 30/40 years ago somewhere in the world and are being dismantled for being hazardous to envoirnment>>>
Employment my friend, employment.
Employment is the BASIS of growth and whenever a new plant is established in any citry ot town all the are around the plant/industry get benefits of it. Giving land for cheap or giving tax holiday is a normal practice all over the world to lure the investors just to get people employed.
For example Just last year my state (NC) was able to lure DELL to establish their plants in NC and gave DELL 20 years and in return DELL agreed to employee 1000 people by end of 2010
I can go on listing the example of this normal practice but that will not help if you are criticizing for the sake of criticism. Open your eyes and give the credit where its due!