One of the big industrialist says that after a number of visits to the area over two-three years he has now got the consent from farmers to acquire a land about 150 acres to establish a thermal power plant in north Karnataka. He says that he has reduced the size of his project because is not able to get the land which he needed. He says that still he requires at least 60acres which is agreed by the government. Industrialist says that he is running for that from many years but not any notification is issued for the land acquisition. Today Karnataka is a hospitality state for medium and large industry.
Few companies are still struggling from many years to get land in Bangalore. Acquisition of land in Karnataka for medium and large scale industries is one of the most expensive, time-consuming and frustrating process says one of the directors of the company. Acquisition of land for industrial projects in Karnataka has become a challenging task. And it is also stated that the single window-clearance facility to go long way to make it as effective.
Industry Analysts says that most of the allotment is made to small scale industries which need 5 to 10 acres. Here also there’s a big problem where allotments made to people whose main intention is to later sell the lands for higher rates. An entrepreneur says that due to the involvement of the politicians getting into this and raising the price of the land has made the farmers to expect unreasonable price for land. One of the Associations tried to settle with the politician’s but the company did not accept it because the demand was so high. Industrialists say the government has to at least find a way to make these approvals time bound.
Now till from Bangalore city to surrounding 20 km area the cost of land is very high. But even though the lands are getting sold. Because people are thinking, in future prices will increase further.
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