This is definitely troubling. Not because issues are not insurmountable, but this Govt. has never taken any speedy action on any matter. Issues take ages to resolve or almost always remain unresolved and get forgotten.

The problem with Govts. of any political color, is that they offer the moon, to lure inventors without thinking ahead and when it comes to legal implementation, they would find that they have overshot their brief or would develop cold feet. The reason is obvious. The action of luring investors is just to get brief political mileage and offcourse help people in the “know” to make money on realestate deals. Its not due to great affection towards countrymen! So the Govt. goes on offering a hundred different things /IT Parks all over the place with ridiculous terms, to so many companies and hope that no one would remember and comeback and ask, later! Its simple.

We have seen this happening in the case of Infosys, where the Govt. offered 500 Acres which it never owned. And now with Fabcity, the issue is of subsidized power / water and land ownership. We can not blame SemIndia. They would have gone ahead and structured their projected expenses over 15 years based on incentives and subsidized cost of power promised. The indicative financing terms would have been obtained on such projections. Unless good sense prevails over this lethargic Govt. and resolves the issues in close coordination with SemIndia, the project is in for trouble.