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Business Daily from THE HINDU group of publications Sunday, December 21, 2008 ePaper | Mobile/PDA Version | Audio | Blogs |
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Update at 1330 hrs (IST)
Industry CII wants Govt to help in land acquisition NEW DELHI: Industry body CII on Sunday said it wants the government to reconsider the Land Acquisition (Amendment) Bill 2007 which if passed would leave the private sector 'fend for itself' in land acquisition for industrial projects. According to the Bill, which was introduced in the Lok Sabha last year, the state will step in to help acquire land after the industry has bought 70 per cent of the allotted site. This means, the “government will no longer play a role in acquiring land for industrial development,” chamber Vice- President, Mr Venu Srinivasan said. Piecing together fragmented land from numerous owners cannot be done by the corporate sector effectively. “Rather the State should fulfill its responsibility for economic development and employment generation by developing industrial parks and make them available for in the industry,” the chamber said. It has suggested setting up state land bank corporations whose job would be to acquire non-cultivable land, develop them and pass them to the private sector. The government had introduced the Bill in Parliament after violent protests broke out in different parts of the country, including Nandigram and Singur in West Bengal, against land acquisition. The Tatas were forced to shift to Gujarat from Singur for their prestigious Nano car project. – PTI
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