SME Times News Bureau | 01 Sep, 2016
Accepting the Supreme Court's verdict in the Tata Motors' Nano project case, industrialists and industry lobby groups on Wednesday raised their voice to acquire lands "within framework of law" and after complying "with all regulations".
The apex court on Wednesday set aside the land acquisition by the West Bengal government in 2006 asking it to take possession of the land and distribute it to the original land owners within 12 weeks.
"FICCI endorses that any such land acquisition should be within the framework of law and must comply with all regulations," said Federation's President Harshavardhan Neotia.
The Bengal Chamber of Commerce and Industry said the landmark judgement will impact the whole country.
"The long term impact on industrialisation will have to be assessed. Any industrial activity must be in sync with the laws of the land. The judgement gives a direction," the chamber said in a statement.
Applauding West Bengal Chief Minister Mamata Banerjee for her defence of the rights of poor farmers, the MCCI said: "At the same time, the state is in need of investment and we hope that the government of West Bengal will devise a way to attract investment in Singur."
