Reliance Industries bypassing Maharashtra Government

Mukesh Ambani's long wait over land acquisition for his dream SEZs is over. With the Maharashtra government taking forever to pass the land acquisition bill and Mur*ers of innocent farmers for farm land acquistion in Communist ruled Bengal, RIL has started acquiring the land directly from the farmers at a premium to the prevailing market price. Reminds me of the late Shri. Dhirubhai Ambani who had this golden touch to win hearts of people where his project was involved.

However, it is not very clear how long the acquisition will continue as Mukesh Ambani will definitely benefit from the passage of Land acquisition bill - Modus Operandi, Government will enact a legislation to seize lands from farmers at Government rates, which are a third to prevailing market rates and lease them to industrialists thus avoiding the stamp duty.

Anand Jain, Chief, Reliance SEZ who directly reports to Mukesh Ambani said,

Size of the project does matter. Success of SEZs depends on economy of scale. And international competitive edge and viability depends on economy of scale. This competitive edge comes from directly linked basic infrastructures, such as own residential townships, expressways, electricity generating source, airport and seaport. But the first and foremost, the government should give a free hand to Reliance in implementing the project. And we will do it and show

Via[ET]

Tags: SEZ India, Reliance SEZ, Indian Industry, Emerging Economy