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Govt ready to help investors facing problems due to Land Acquisition Act: Dr Natchiappan


Govt to address investor problems due to Land Acquisition Act:  Dr Natchiappan
Minister of State for Commerce and Industry, Dr E.M.S. Natchiappan has assured investors that the government is ready to help and solve the problems faced by them, due to the Land Acquisition Act. Dr Natchiappan was addressing an ASSOCHAM event held in New Delhi.


"If you look at the Land Acquisition, Rehabilitation and Resettlement Act, the first appearance may be very troublesome but is in no way a barrier in industrial development and if you feel there is some problem in any area, we are ready to solve it and even the rural development ministry is very much there to help you and solve the problem as quickly as possible," said Dr Natchiappan while inaugurating the 4th India-Japan Business Conclave organised by The Associated Chambers of Commerce and Industry of India (ASSOCHAM).

"We want to have a process of democracy and peaceful settlement of industry as the previous colonial land act may be giving a chance to grab the property from the individuals," said Dr Natchiappan. "If you want to establish an industry you don't have to feel shy in discussing with people who've been possessing land for generations and centuries and these people living around the area (where the industry is to be set up) should be made party to the development of the industry as it will go a long way and save time from litigation."

Dr Natchiappan also informed that the Commerce Ministry is coming out with an electronic method of clearance. "We at Ministry of Commerce and Industry are now working on a model where clearances will be given online through computers and you can go through the process of getting the clearances of the Government of India numbering about 20."

Talking about the various efforts of the Commerce Ministry's stress upon creating National Investment and Manufacturing Zones (NIMZ), Dr Natchiappan said, "We are now creating a Kanchi-Nippon chamber of commerce in Kanchipuram and the Japanese companies have purchased 3,000 acres already in this regard, besides in Kanchipuram we want a Japanese exclusive cluster zone that will be graduated into NIMZ and further post-graduated into an industrial corridor."

Read more about: assocham land acquisition act
Story first published: Saturday, January 11, 2014, 10:15 [IST]
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