Friday, 22 Jul 2011 |By TOI
ToI reported that ArcelorMittal is quietly making progress in Karnataka with more than 50% of the land acquisition process has been complete.
As per report, ArcelorMittal has completed acquisition of more than 2,200 acres of the required over 5,000 acres.
ArcelorMittal representative told TOI that "By God's grace, land acquisition process has been smooth and is more than 50% complete. Farmers are coming forward to accept the compensation for their land. Once we reach about 60%, the firm will get into building the layout plan.”
Initially, some farmer groups in Bellary had opposed land acquisition as they were seeking compensation higher than what was fixed by the state government.
A senior Karnataka Industrial Areas Development Board official said that "Now, the government has fixed compensation in three slabs INR 800,000, INR 1.2 million and INR 1.6 million per acre. The response from the land owners is overwhelming.”
On the progress from the Union government front, ArcelorMittal has obtained terms of reference from environment and forest ministry and the firm currently has commissioned environmental impact study. Spokesperson of the company said that "This study would take nearly a year. Later the study has to be submitted to the ministry.”
ArcelorMittal plans to set up a 6 million tonne per annum plant at Kuduthini and Haraginadoni villages in Bellary district with an estimated investment of INR 30,000 crore. When the company entered into an agreement with industries department during the Global Investors' Meet last year, it needed 4,864 acres of land. As the firm is planning to build its own railway network to transport iron ore from the mining site to the plant, the company now has sought additional 324 acres land.
ToI reported that ArcelorMittal is quietly making progress in Karnataka with more than 50% of the land acquisition process has been complete.
As per report, ArcelorMittal has completed acquisition of more than 2,200 acres of the required over 5,000 acres.
ArcelorMittal representative told TOI that "By God's grace, land acquisition process has been smooth and is more than 50% complete. Farmers are coming forward to accept the compensation for their land. Once we reach about 60%, the firm will get into building the layout plan.”
Initially, some farmer groups in Bellary had opposed land acquisition as they were seeking compensation higher than what was fixed by the state government.
A senior Karnataka Industrial Areas Development Board official said that "Now, the government has fixed compensation in three slabs INR 800,000, INR 1.2 million and INR 1.6 million per acre. The response from the land owners is overwhelming.”
On the progress from the Union government front, ArcelorMittal has obtained terms of reference from environment and forest ministry and the firm currently has commissioned environmental impact study. Spokesperson of the company said that "This study would take nearly a year. Later the study has to be submitted to the ministry.”
ArcelorMittal plans to set up a 6 million tonne per annum plant at Kuduthini and Haraginadoni villages in Bellary district with an estimated investment of INR 30,000 crore. When the company entered into an agreement with industries department during the Global Investors' Meet last year, it needed 4,864 acres of land. As the firm is planning to build its own railway network to transport iron ore from the mining site to the plant, the company now has sought additional 324 acres land.
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