Get land without govt help, industrialists told

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Govt working with industry to sort out issues related to land

Industrialists must venture out and carry out land purchases on their own, instead of being dependent on agencies like KIADB for the purpose, which could result in delays in land acquisition, Secretary, Commerce and Industries Department (MSME, Mines and Textiles), Karnataka government, Tushar Giri Nath said on Friday

“With land being one of the major issues affecting industrial development, some legislation is required,” Nath said, adding that the government is closely working with industry and manufacturing sectors to sort out issues related to land.

Source :Deccan Herald

Dr. Hariharan speaks

The report says, Industrialists must venture out and carry out land purchases on their own, instead of being dependent on agencies like KIADB for the purpose, which could result in delays in land acquisition, Secretary, Commerce and Industries Department (MSME, Mines and Textiles), Karnataka government, said.

This is a decision that should have come 20 years. And across every state. Indian business and industry has to work with a ‘level field’. IT majors in Bangalore were gifted thousands of acres at Rs 5,000 an acre. One such IT company secured in Mangalore and in Pune tracts of over 2,000 acres at such throwaway prices in the early 2000s. And they masquerade as IT companies when in effect they are realty companies arbitraging land values on their balance sheets. There are two such companies who build over 2 million Sft of commercial buildings each year. The revenues from being builders is greater than from the IT services they ostensibly offer!

The Land Acquisition Act, 1895, is an ancient law made in the times of the British who crafted the provisions to plunder the wealth of India and Indians. It has to be repealed, and a Land Requisition Act has to be brought in, to offer a ‘level playing field’ to farmers and these vulnerable sons of the soil who are further marginalized with such insensate policy that robs these silent masses of their lands. Companies which acquired such vast land expanses have to be asked to return the lands to those from who it was taken in earlier years if the companies have not kept the promise of employment, or of taxes they promised to generate when they made their proposals for such land acquisition in the name of offering employment and building economic growth. That is the way forward. The state government’s announcement has to not only be hailed but emulated across other states.

By | 2014-11-15T05:53:58+00:00 November 15th, 2014|Other side of News|0 Comments

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