Business Standard
Saturday, May 26, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||Companies & Industry||||||| 
 Section Home | News Now | Today's Paper | Q&A | People in the News | Industry News | Features | The Compass | Research & Analysis | Opinion | Corporate Results
Home > Companies & Industry Live Markets | Commodities
 

BAPL likely to hand over land to project affected families in 2 yrs
BS Reporter / Kolkata Aug 01, 2009, 01:02 IST

Bengal Aerotropolis Projects Ltd (BAPL), a special purpose vehicle that is developing the Rs 10,000 crore airport city project at Andal, around 200 kilometers from Kolkata, hopes to be able to hand over the developed land to land losers in return for their land in around two years from now.

It has earmarked around 105 acres out of the total project area of 2,182 acres to hand out to landowners who gave up their land for the project, as part of the land-for-land scheme. The total number of affectd familes is around 6,800.

BAPL has worked out a scheme by which they would give one cottah of developed land from inside the project area per bigha of land given up by an owner. For people with less than a bigha of land there is an annuity scheme starting Rs 25,000 to be given to the landowner over a period of five years and Rs 2,000 to be added per decimal of land. The maximum that one can get under this scheme is Rs98,000 after which he will get a cottah of land per bigha. Till date, around 666 awardees have accepted cheques for their land that amounts to nearly 320 acres. BAPL expects to start work on the project by the first quarter of the calendar year 2010. It requires around 650 acres initially to start work on the airport.

Meanwhile, the company has signed a memorandum of understanding with the technical education and training department of the state government to provide vocational training to one person per family of land loser. It will spend nearly Rs one crore to upgrade the infrastructure of the Durgapur Industrial Training Institute(ITI). "To start with there will be around 18-20 programmes on offer and we plan to gradually scale it up to 30-40 programmes", said Subrata Paul, CEO and director, BAPL. He pointed out that the company was willing to help bear the additional financial burden incurred by the ITI in terms of teachers' recruitment etc to train around 5,000 people. While there are 6,800 land losers, many have multiple holdings, so the number of youth per family turns out to be around 5,000.

Nearly, 69 per cent of the population in the region were drop-outs after class eight, while only 16 per cent achieved class ten standards and only seven per cent passed class twelve exams, Paul informed. BAPL would bear the cost of training these 5,000 people over the next two years.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end flat
- IFC plans to invest in Malaysia's Khazanah healthcare arm
- Cong leaders must work together for winning elections: Scindia
- Hotel Leelaventure redeems outstanding bonds worth $41.6 mn
- Ex-Galleon portfolio manager testifies against Rajat Gupta
Tags : BAPL
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- 2 Lac Apartments, 1 Lac House / Plots. Click here
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- A Brand New Server at a Price That Fits Your Budget. Click here
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- Astronomers seize last chance in lifetime for Venus Transit
- FIIs bet heavily in Indian market, but in Singapore
- Reddy rules out rollback of rise in petrol prices
- IPL on turning track, broadcast revenue down by a third
- Ajit Singh meets striking pilots
 
 More  
Tax Shastra
  Now available at Special price
  Rs. 360/- Only

  Buy Now
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us