Harmonization of Workers' Welfare and Investors' Protection in Special Economic Zones of India: Regulatory Freedom and Challenges
Article from: TDM 5 (2020), in Special Economic Zones (SEZs)
India revised its model bilateral investment agreement (BIT) in 2016 where it offered more restrictive protection mechanism to its foreign investors. This revision increases the regulatory freedom of India as host state to uplift its workers' welfare. The host states commonly attract foreign investors in the Special Economic Zones (SEZs) with a comparatively more investor- friendly worker regulation therein. Hence, this freedom is limited in the SEZs. India is also not an exception. This paper scrutinizes the regulatory flexibilities of India to uphold the workers' welfare in SEZs ...