FICCI wants draft land acquisition bill revised...........!

The government should review provisions of the draft Land Acquisition, Rehabilitation and Resettlement Bill, 2011 to make it viable for the industry to acquire land for projects, an industry lobby suggested Sunday.

The Federation of Indian Chambers of Commerce and Industry (FICCI) said the industry was finding it difficult to acquire land and the draft bill would make the process more difficult as it restricted opportunities for land owners to sell land.

"FICCI feels that any act should recognize the fact that there are a large number of people who would like to move out of agriculture and sell their land. There are enough statistics to prove this but the current bill seems to have overlooked this fact."

The bill introduced in parliament in September last year seeks to update India's 117-year-old land acquisition laws and overhaul the rehabilitation and resettlement policy.

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