Notification to acquire land for POSCO issued

Speaking at an interaction meet organised by Federation of Karnataka Chamber of Commerce and Industries (FKCCI), Minister for Medium and Large-scale Industries, Murugesh Nirani said that the project is on as nearly 90 percent of the farmers have voluntarily come forward to give their land for the project.

Answering a question Nirani, said that the project by Arcelor Mittal at Bagalkot is intact as the company has already been allocated a land of 2,200 acres and another 1,000 acres will be allocated soon. “All this land has been bought from the farmers who voluntarily gave up their land. They are also happy with the compensation they received,” he said.

He said most of the projects cleared in the Global Investors Meet (GIM)-2010 are in various stages of implementations with Rs 1,200 crore received as land acquisition resource from the investors. As many as 387 companies have signed MoUs from which five lakh crore investment has been assured creating eight lakh jobs.

GIM-2012

Nirani said GIM-2012 scheduled to be held on June 7 and 8 aims at attracting six lakh crore investment and creating at least 10 lakh jobs.

The event, scheduled at the Bangalore International Exhibition Centre, will have six committees for implementation. A high power committee under the Chairmanship of chief minister has been constituted to review the preparations. The reception committee under the chairmanship of Minister for Home and Transport will finalise the invitees.

The publicity committee will headed by a minister nominated by the Chief Minister to monitor publicity campaign, while the marketing committee and event management committee will be headed by minister for large and medium scale industries.

It will identify potential investors. The co-ordination committee to address interdepartmental issues related to conduct of GIM-2012 will be headed by Chief Secretary.

The GIM-2012 will focus on bringing investments in micro and small enterprises sector, textiles, automobiles and aerospace, mineral sector, pharmaceutical projects, petrochemical industries, infrastructure development and energy sectors.