DELHI: Quote of Mr Anil Kumar Sharma, President, CREDAI-NCR on ‘The Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Bill, 2012′ tabled in Lok Sabha today.
“The Bill is definitely need of the hour given the controversies with respect to forcible land acquisition in the last few years. We welcome government’s thinking and hope that with the passage of bill, at last housing, private industry and public projects will be able to move ahead with fresh supply of acquired land which is essential for large scale projects.
Most of the large-sized SEZs that were proposed to position our country the leader in manufacturing sector and create jobs for our youth have either be shelved or hanging nowhere resulting in sheer frustration among investors and industry. As evident by recent growth figures, GDP of country has plunged to lowest in last decade and employment scenario has worsened. On one end, we aspire to compete with China or any any other Asian country on manufacturing front, on the other, land acquisition issues haven’t let the projects taken off.
We are disappointed with the finer details in the bill. In current form, the bill makes the process of land acquisition time consuming with an intentional or unintentional incentive for the farmers to delay the process as the longer the delay the higher the compensation (in the form of market rate prevalent at the time of final acquisition).
All land acquisitions have to strike a balance between the interest of the farmers and the need of industry to get large parcels of contiguous land. The provisions in current form of Bill do not address the need of the industry especially large scale projects.”