According to Goyal, he has been flooded with requests from land holders from different parts of the country, who want the government to buy their land. "The requests are from all areas; they are willing to sell under the current laws".
The minister's comments are significant since large segments of industry have claimed it has become impossible for them to buy land for putting up projects under the Land Acquisition, Rehabilitation and Resettlement Act, 2013, which governs land sales in rural areas of the country. The Act, passed by the previous United Progressive Alliance government, has been pilloried for its insistence on carrying out social impact assessment prior to any large-scale acquisition of land by a government or private body in for non-agricultural purposes. The current dispensation tried a limited amendment to the Act to exempt certain projects like roads, infrastructure and those for setting up industrial zones from the stiff requirements, but it could not get the majority to pass Parliament.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
)