West Bengal, which has seen many violent protests against land acquisition in the country, is now set to get another exemplary rehabilitation package for land-losers. After the free shares by JSW Bengal Steel, now Bhushan Steel is going one step ahead to give free land to land-losers as a part of its rehabilitation and resettlement (R&R) package. Sources said the R&R package has been submitted to the West Bengal Industrial Development Corporation (WBIDC).
The industry minister said the small car project could not come up if 400 acre was returned as demanded by Trinamool Congress chief Mamata Banerjee. Nirupam Sen, who had discussed the Singur project with Tata in Kolkata on Thursday night, said that the state government wanted to work out a solution and was was open for talks to find out an acceptable solution.
Industry Secretary Sabyasachi Sen told PTI the Land and Land Reforms department had already acquired 1,000 acres and has ordered WBIDC to take possession of it.
The new management of Dunlop India Ltd headed by P K Ruia has urged the West Bengal Industrial Reconstruction Department to grant it the status of a 'relief undertaking' so that creditors were not able to move court against it. \n
Sen said that as per the lease agreement, concluded recently with the company, it would have to pay a lease rent of Rs 1 crore per year for the first five years to the state.
West Bengal Industrial Development Corporation and Indian Institute of Technology-Kharagpur on Thursday signed a memorandum of association to develop the state's first biotechnology park at Kharagpur.
RusPromAvto, Russia's automobile corporation, is to begin assembly of heavy-duty cross-country 'Ural' trucks in India from next month.
In a ruling which can have far-reaching consequences, the Supreme Court on Wednesday set aside the controversial acquisition of 997.11 acres of land in Singur in 2006 by the then Left Front government in West Bengal to set up Tata Motors' ambitious Nano car manufacturing plant.
'Mamata has used minorities only as her vote bank.' 'In her entire election campaign Mamata did not utter a single sentence against the RSS.'
HPL management's control will go to the promoter who gets access to the 155 million shares block.
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Three PSUs, three private firms join bid to acquire 40% stake in Haldia Petrochem.
West Bengal government, through its arm West Bengal Industrial Development Corporation, had decided to offload its shares (which included the controversial 155 million shares) following which IOC emerged as the sole valid bidder.
Infosys has been demanding SEZ status to start its Bengal campus, but the state government has been against providing it.
Speaking at a programme at Kolaghat in West Midnapore district, the chief minister said, "We are against forceful acquisition of land. In West Midnapore district the Haldia Development Authority and West Bengal Industrial Development Corporation have land banks. "We will allot land for projects from there."
According to a source, banks have decided to infuse funds after Purnendu Chatterjee, chairman of The Chatterjee Group, agreed to invest Rs 100 crore (Rs 1 billion) as margin amount into the ailing plant.
The 89-year-old leader was expelled by the CPI-M after he refused to step down from his position as Speaker holding that the post is above any party politics.
Mamata woos industry with boat ride to Gangasagar, Sundarbans
It's been months since Jindal returned the private land to the state government, free of cost, but not a cottah has been distributed
Govt depts, banks prone to information leakage.
It epitomises a significant opportunity lost, just when the state was beginning to shed three decades of leftist inhibitions in favour of economic reform.
The spectre of Singur and now its verdict is looming large on the future of many of Bengal's projects, especially the state government's industrial parks that are vacant. As many more episodes await, the question uppermost on everyone's minds is, how long will Singur haunt Bengal?
The project is awaiting clearances from the DGCA.
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