The Times Of India, March 29 2014, Ranchi: Representatives from seven global players, including ArcelorMittal, Tata Powers, Hindalco and Jindal, met state chief secretary R S Sharma on Friday to discuss the participation of the Jharkhand government in the revised Land acquisition Act floated by the Union government earlier this year.
The companies, whose plans for expansion of functional units and commissioning of new ones in the state, are stuck over land issues, met Sharma under the aegis of FJheaded by its president Vikas Singh. While Singh was unavailable for comment, Sharad Poddar, chairman of the industries subcommittee of the body said, “A letter bearing the grievances of industries was placed before the chief secretary”. The new act lays down new rules for compensation, rehabilitation and resettlement, which came into effect from January 1 this year.
Despite possessing nearly 40% of the nation’s mineral reserves, industry in Jharkhand has not been able to prosper. “Nearly 20 of the 85 MoUs signed are stuck owing to land issues and the state government must take an initiative in this regard,” said Poddar.