Wednesday, 13 Jul 2011
The Telegraph reported that ArcelorMittal has been asked to buy land for its proposed 12 million tonne per annum project in Jharkhand by paying two and a half times more than the government rate through the state revenue department which would work towards speeding up the process.
After a review of mega industrial projects, chaired by chief secretary Mr SK Choudhary, Jharkhand industries Mr AP Singh secretary elaborated on the state's latest stance on land acquisition.
Mr Singh said that "ArcelorMittal officials have been told to go for a 'consented award route' while purchasing land. The company will need to pay two and half times more than the government approved rates for a particular mauza. The revenue department would then assist the company with bulk registry.”
ArcelorMittal, which signed MoU with the Jharkhand state in 2005, has promised investment of over INR 40,000 crore for setting up a 12 million tonne per annum steel mill and a captive power plant. However, so far it has met with limited success only a couple of acres in Kasmar and Petarwar blocks of Bokaro in buying land. (sourced from TelegraphIndia)
The Telegraph reported that ArcelorMittal has been asked to buy land for its proposed 12 million tonne per annum project in Jharkhand by paying two and a half times more than the government rate through the state revenue department which would work towards speeding up the process.
After a review of mega industrial projects, chaired by chief secretary Mr SK Choudhary, Jharkhand industries Mr AP Singh secretary elaborated on the state's latest stance on land acquisition.
Mr Singh said that "ArcelorMittal officials have been told to go for a 'consented award route' while purchasing land. The company will need to pay two and half times more than the government approved rates for a particular mauza. The revenue department would then assist the company with bulk registry.”
ArcelorMittal, which signed MoU with the Jharkhand state in 2005, has promised investment of over INR 40,000 crore for setting up a 12 million tonne per annum steel mill and a captive power plant. However, so far it has met with limited success only a couple of acres in Kasmar and Petarwar blocks of Bokaro in buying land. (sourced from TelegraphIndia)
Posts
No comments:
Post a Comment