Advertisement

Help
You are here: Rediff Home » India » Business » Report
Search:  Rediff.com The Web
Advertisement
  Discuss this Article   |      Email this Article   |      Print this Article

Jindals, WB differ on land deal terms
 
 · My Portfolio  · Live market report  · MF Selector  · Broker tips
Get Business updates:What's this?
Advertisement
July 04, 2007 17:31 IST

The Jindal group has not given any commitment to the West Bengal government on giving equity or employment to people who provide land for a 10-million tonne steel plant it is setting up at Salboni in Purulia district, a minister said on Wednesday.

"They have told the press about giving company shares to land losers or providing employment to a member of their families. This commitment is not part of their agreement with the government. If they do it, may be it will be as corporate social responsibility," Industry Minister Nirupam Sen told reporters at his chamber in the assembly.

After the signing of the agreement for the plant between the Jindal group and the state government on January 11, Chief Minister Buddhadeb Bhattacharjee had said that people who gave their land for the project would be offered equity in the new company, JSW Bengal Steel Ltd, and one member of their families would be given employment.

Sen said the Jindals had agreed to take steps to train eligible members of the displaced families to upgrade their skills and to set up a training institute for this purpose.

They also agreed to provide alternative housing to every displaced family.


© Copyright 2007 PTI. All rights reserved. Republication or redistribution of PTI content, including by framing or similar means, is expressly prohibited without the prior written consent.
 Email this Article      Print this Article

© 2007 Rediff.com India Limited. All Rights Reserved. Disclaimer | Feedback