DELHI: Quote of Mr Ajay Aggarwal, MD, Microtek Infrastructure Pvt Ltd on ‘The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012′ tabled in Lok Sabha today.
“The Bill, in current form, does not do justice to government’s responsibility to carry all the stake holders together. This draft may be conveying the impression of welfare of farmers or land-owners at the surface, it is going to harm their prospects in future as industry and real estate sector will avoid investing in areas which has history of land acquisition disputes. The best way for government will be to address concerns of industry as well, as it is highly tilted in favor of land-owners. The state being sole arbiter of property in country, it can not avoid its responsibility.”