Coming strongly in favour of the controversial Land Bill, the industry body, Confederation of Indian Industry (CII) has said that the amended Land Bill introduced in Parliament will create millions of jobs, meet the aspirations of farmers, and help spur growth in the economy. It added that the Land Bill is expected to benefit millions of rural migrants and help the country urbanise.
The apex industry body said that the new Land Bill has been designed to bring out the best of industrial corridors. It has been proposed that the industrial corridors should be built in such a way that they run within a narrow distance with various highways, thereby giving a fillip to the development of the entire rural area in its vicinity - through employment opportunities and enhanced land value.
CII also said that it supports the government’s move to maintain the compensation package at 4 times the market value in rural areas and 2 times in urban areas will go a long way in ensuring that the land owners and farmers are adequately compensated, as such land owners and farmers are important stakeholders in the developmental process.
CII President Sumit Mazumder expressing industry’s support for the pro-farmer pro-growth Land Bill said that “The land acquisition ordinance could not have come at a more opportune time when developmental infrastructure and industrial projects worth crores of rupees are delayed due to hurdles in land acquisition. This deprives millions of landless people of job opportunities and forces them to migrate to urban slums to look for livelihood.”
