Business Standard
Thursday, Feb 16, 2012
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

Industrialisation in Bengal on rough terrain
Ishita Ayan Dutt / Kolkata Jul 10, 2009, 01:00 IST

The UPA government’s Land Acquisition (Amendment) Bill could be the last nail in the coffin for industrialisation in West Bengal.

West Bengal Commerce and Industry Minister Nirupam Sen said if the Bill was passed by the Centre in its present form, it would mean the end of industrialisation in West Bengal. “It is impractical, we have opposed it. It may be possible to acquire land for industries in states where landholding is high, but not in West Bengal,” said Sen.

The average landholding in West Bengal is 5-7 acres and non-agricultural land is less than one per cent of the total land. In Singur, the original site for the Nano mother plant, about 40 km from Kolkata, 997 acres were held by 14,000-odd farmers. Another anomaly pointed out by the minister was that the amendment to the Bill allows an investor to purchase 70 per cent of the land and for the balance it could turn to the government.

However, Sen said that for the balance amount the government would have to pay a 60 per cent solacium.

“If the land-losers know that they will get more money if the land is acquired then why would they sell directly to the investor?” pointed out Sen.

Despite widespread resistance in Nandigram and Singur, the West Bengal government is not in favour of direct purchase by investors. “This approach is against the farmers. Investors will just appoint middlemen to deal with the farmers, who will be net losers,” Sen said.

Citing the Singur example, the minister said that in the case of acquisition, the state government would not only ensure adequate compensation, but look into employment, rehabilitation and community development projects.

Rarely do the ruling Left Front and the Opposition Trinamool Congress concur on any issue, especially if it involves land acquisition, but both sides are opposed to the UPA government’s Land Acquisition (Amendment) Bill.

The Trinamool Congress, which led the agitation in Singur that led to Tata Motors pulling out its Nano project, was also opposed to the Bill as it felt that direct purchase of land could be done by pressurising or intimidating the land-losers.

Stung by the land acquisition resistance, which reflected in the Left Front’s worst poll performance in the recent Lok Sabha elections, the West Bengal government is in the process of chalking out a rehabilitation and resettlement policy. “We have prepared a departmental draft, but there should be a public debate,” Sen said.

The salient features of the policy would include land-for-land, training, upgrading skills, employment generation and annuity for those farmers whose only source of income is land.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end lower on profit booking
- Need to redefine exploration strategies: Mines Minister
- RBI board meets to provide directions to the bank's affairs
- FinMin asks PSU banks not to overstate profit
- Allow all players in upcoming 2G auction: Vodafone
  Read Business news in 
- Now property search gets more exciting than ever before!
- High Growth Business Opportunities in Africa - Register to explore
- Medium-sized businesses are the engines of a smarter planet.
- We live for our family. have you secured them?
- Office 365 for professionals and small businesses.
- Earn fuel worth Rs.2400 with Citi
- India's No. 1 Property Site. Click here to know more..
- Diseases earlier, Saving Costs, Extending Lives. Know More..
- Get 5% cashback on telephone bills with Citi
- Enjoy the journey as much as the destination. click to know more..
- Exim Bank Conclave on India - Africa Project Partnership. Know more..
- Be part of it The World's Largest Aircraft.
- Creating Wealth made simple the SIP way. Know more..
- Only Developer to give a guarantee on time space & rate.
- Buy Your Property with Our Triple Guarantee in India.
- Improve Patient Care & Experience. Click here to know more
- Win a Business Class Ticket to Europe..Know more..
-  Introduce a New Automotive Luxury Car.. know more
- Health is Wealth..... Insurance + Savings... Know More...
Sorry, comments to this story are closed
Latest Messages
SmartInvestor+ E-zine
  Pay Rs.747/- for 3 years and
  get a branded watch FREE

  Subscribe Now
Most Popular
Read
E-Mailed
Commented
   
- Leela parts ways with Kempinski
- Kanika Datta: The importance of being SRK
- Nestle: Food for thought
- Tailor-made but not good enough
- Star-studded jury honours corporate excellence
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  BS Specials  
    Full coverage of elections in Uttar Pradesh, Punjab, Uttarakhand, Manipur and Goa
  Hot Searches  
 
IRFC bond |  Antrix-Devas |  Rafale fighter |  Junglee |  IPL 5 |  Dhanlaxmi Bank |  Thomas Cook |  TCS |  Sarfaesi Act |  Vodafone |  Aakash tablet |  Sodexo |  Rupee |  Samsung Galaxy Note |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  Anna Hazare |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  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
FOR HOT PRODUCTS
BS Bazaar.com
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us