Thursday, October 15, 2009

States should leave land acquisition to investors

Bhopal, India:
The states governments should leave it to industrialists to acquire land for their projects, especially for special economic zones (SEZs), Minister of state for Commerce and Industry Jyotiraditya Scindia said here on Wednesday.

Priority should also be given to make use of barren land in setting up of SEZs and industries, he told reporters.

"Also, the SEZ policy does not says that the state governments should acquire land. There would be no problem the day the state governments will leave it to the investor who should contact the owner of the land to be acquired directly and pay him as per the prevalent market rate."

Scindia said that Madhya Pradesh lags far behind in development for want of execution of ideas.

There is no death of ideas but they are of no use till they are executed properly. We hear of investor meets being organized every now and then in various cities of the states but not a single project has come up so far - only because there has been no proper follow up by the state government," he said.

There are several projects, like Guna-Etawah Railway project, which have been cleared by the central government but have remained incomplete for years as the state government has not execute them, he said.



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