• Latest
  • Most Read
China, India, Modi

‘We are ready,’ India identifies land pool twice the size of Luxembourg to welcome companies leaving China

3 years ago
5 failed Inventions

5 Inventions that failed to serve their purpose

20 hours ago
Pan India films

Pan India films have been a disaster this year, and the reason is apparent

20 hours ago
Report on India: Morgan Stanley gives double thumbs up to Modinomics

Report on India: Morgan Stanley gives double thumbs up to Modinomics

20 hours ago
Wrestlers Protest

Wrestlers Protest: Once champions, now disgraced foot soldiers of the opposition parties

22 hours ago
India's GDP

Nominal GDP Growth at 16.1%? National Statistical Office releases India’s Economic accomplishment

2 days ago
Best Indian TV Serials

5 Best Indian TV Serials of the 90s that people still crave for

2 days ago
Inspector Avinash

“Inspector Avinash”: Randeep Hooda Shines in a Hidden Gem of a Web Series

2 days ago
Sakshi Murder case

Nikita, Shraddha and now Sakshi – How long will this go on?

2 days ago
Karnataka congress

The Game of Thrones in Karnataka that will cost Congress dear

2 days ago
What Do You Mean by Bhulekh Uttar Pradesh & Why Should You use It?

What Do You Mean by Bhulekh Uttar Pradesh & Why Should You use It?

3 days ago
Rewriting Bharatvarsha’s History, the Modi Way: A Symbolic Shift towards Cultural Awakening

Rewriting Bharatvarsha’s History, the Modi Way: A Symbolic Shift towards Cultural Awakening

3 days ago
Randeep Hooda’s Transformational Acting in “Swatantrya Veer Savarkar”: A Game-Changer

Randeep Hooda’s Transformational Acting in “Swatantrya Veer Savarkar”: A Game-Changer

3 days ago
Ram Charan’s “The India House”: A Nightmare for Leftist Intelligentsia

Ram Charan’s “The India House”: A Nightmare for Leftist Intelligentsia

3 days ago
10 Best Emilia Clarke Movies

Exploring the Magic of Emilia Clarke: Top 10 Best Movies to Watch

4 days ago
28th May 2023: A Historic Day for India, A Nightmare for the Leftists

28th May 2023: A Historic Day for India, A Nightmare for the Leftists

4 days ago
  • About us
  • Careers
  • Brand Partnerships
TFI Official Merchandise
TFI हिन्दी
TFI Global
Friday, June 2, 2023
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Wrestlers Protest

    Wrestlers Protest: Once champions, now disgraced foot soldiers of the opposition parties

    Sakshi Murder case

    Nikita, Shraddha and now Sakshi – How long will this go on?

    Karnataka congress

    The Game of Thrones in Karnataka that will cost Congress dear

    Rewriting Bharatvarsha’s History, the Modi Way: A Symbolic Shift towards Cultural Awakening

    Rewriting Bharatvarsha’s History, the Modi Way: A Symbolic Shift towards Cultural Awakening

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Report on India: Morgan Stanley gives double thumbs up to Modinomics

    Report on India: Morgan Stanley gives double thumbs up to Modinomics

    India's GDP

    Nominal GDP Growth at 16.1%? National Statistical Office releases India’s Economic accomplishment

    Vada Pav is Just the Tip of the Iceberg: A look into the rich culinary delights of Maharashtra

    India’s Resilience: A Zero Percent Chance of Recession

    Indian PSUs

    Once a butt of all jokes, Indian PSUs are posting better results than Fortune 500 companies

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    new CBI director Praveen sood biography

    Who is Praveen Sood the New CBI Director: Professional Background, Achievements and Significance of the Appointment

    Paramjit Singh Panjwar shot dead

    Paramjit Singh Panjwar shot dead: Keep calm and trust the Indian Armed Forces

    Swarm satellites

    India’s Bold Step towards Satellite Swarm Intelligence: A New Era in Space Technology

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Modi is the boss

    Modi is the boss: “Vedic Mantras” and an ocean of crowd: PM Modi’s Australia tour will echo till eternity

    PM Modi Extends a Diplomatic Olive Branch: A Special Message for Zelensky

    PM Modi Extends a Diplomatic Olive Branch: A Special Message for Zelensky

    NIA High Commission in UK

    NIA will probe the attack on Indian embassy, in UK!

    UK Student Visa rule new

    UK Student Visa Rules: International Students Barred from Bringing Families

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    5 failed Inventions

    5 Inventions that failed to serve their purpose

    What Do You Mean by Bhulekh Uttar Pradesh & Why Should You use It?

    What Do You Mean by Bhulekh Uttar Pradesh & Why Should You use It?

    5 Accidental Inventions

    5 Accidental Inventions that have become essential in our lives

    Sengol Tamil Nadu real picture

    What is Sengol: Tamil Nadu Connection, History, Significance and why it is to be installed in New Parliament

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Pan India films

    Pan India films have been a disaster this year, and the reason is apparent

    Best Indian TV Serials

    5 Best Indian TV Serials of the 90s that people still crave for

    Inspector Avinash

    “Inspector Avinash”: Randeep Hooda Shines in a Hidden Gem of a Web Series

    Randeep Hooda’s Transformational Acting in “Swatantrya Veer Savarkar”: A Game-Changer

    Randeep Hooda’s Transformational Acting in “Swatantrya Veer Savarkar”: A Game-Changer

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
  • Premium
  • Politics
    • All
    • Analysis
    • Opinions
    • Trending
    Wrestlers Protest

    Wrestlers Protest: Once champions, now disgraced foot soldiers of the opposition parties

    Sakshi Murder case

    Nikita, Shraddha and now Sakshi – How long will this go on?

    Karnataka congress

    The Game of Thrones in Karnataka that will cost Congress dear

    Rewriting Bharatvarsha’s History, the Modi Way: A Symbolic Shift towards Cultural Awakening

    Rewriting Bharatvarsha’s History, the Modi Way: A Symbolic Shift towards Cultural Awakening

    • Analysis
    • Opinions
    • Trending
  • Economy
    • All
    • Business
    • Economy1
    • Finance
    Report on India: Morgan Stanley gives double thumbs up to Modinomics

    Report on India: Morgan Stanley gives double thumbs up to Modinomics

    India's GDP

    Nominal GDP Growth at 16.1%? National Statistical Office releases India’s Economic accomplishment

    Vada Pav is Just the Tip of the Iceberg: A look into the rich culinary delights of Maharashtra

    India’s Resilience: A Zero Percent Chance of Recession

    Indian PSUs

    Once a butt of all jokes, Indian PSUs are posting better results than Fortune 500 companies

    • Business
    • Finance
  • Defense
    • All
    • Defence
    • Strategy
    • Weaponry
    new CBI director Praveen sood biography

    Who is Praveen Sood the New CBI Director: Professional Background, Achievements and Significance of the Appointment

    Paramjit Singh Panjwar shot dead

    Paramjit Singh Panjwar shot dead: Keep calm and trust the Indian Armed Forces

    Swarm satellites

    India’s Bold Step towards Satellite Swarm Intelligence: A New Era in Space Technology

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    INS Vikrant gets historic 1961 bell of 1st warship from ex-Navy vice chief

    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • All
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
    Modi is the boss

    Modi is the boss: “Vedic Mantras” and an ocean of crowd: PM Modi’s Australia tour will echo till eternity

    PM Modi Extends a Diplomatic Olive Branch: A Special Message for Zelensky

    PM Modi Extends a Diplomatic Olive Branch: A Special Message for Zelensky

    NIA High Commission in UK

    NIA will probe the attack on Indian embassy, in UK!

    UK Student Visa rule new

    UK Student Visa Rules: International Students Barred from Bringing Families

    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • All
    • Culture
    • Education
    • History
    • Indology
    5 failed Inventions

    5 Inventions that failed to serve their purpose

    What Do You Mean by Bhulekh Uttar Pradesh & Why Should You use It?

    What Do You Mean by Bhulekh Uttar Pradesh & Why Should You use It?

    5 Accidental Inventions

    5 Accidental Inventions that have become essential in our lives

    Sengol Tamil Nadu real picture

    What is Sengol: Tamil Nadu Connection, History, Significance and why it is to be installed in New Parliament

    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • All
    • Books
    • Cinema
    • Food
    • Games
    • Health
    • Lifestyle
    • Satire
    • Sports
    • technology
    • Travel
    Pan India films

    Pan India films have been a disaster this year, and the reason is apparent

    Best Indian TV Serials

    5 Best Indian TV Serials of the 90s that people still crave for

    Inspector Avinash

    “Inspector Avinash”: Randeep Hooda Shines in a Hidden Gem of a Web Series

    Randeep Hooda’s Transformational Acting in “Swatantrya Veer Savarkar”: A Game-Changer

    Randeep Hooda’s Transformational Acting in “Swatantrya Veer Savarkar”: A Game-Changer

    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
No Result
View All Result
Tfipost.com
No Result
View All Result

HOME » Politics » Opinions » ‘We are ready,’ India identifies land pool twice the size of Luxembourg to welcome companies leaving China

‘We are ready,’ India identifies land pool twice the size of Luxembourg to welcome companies leaving China

This is wonderful!

Akshay Narang
by Akshay Narang
5 May 2020
in Opinions
0
China, India, Modi
12.3k
VIEWS
Share on FacebookShare on Twitter

The COVID-19 Pandemic has led to companies exiting the “world’s factory”, China in an unprecedented exodus. And the Modi government doesn’t want to let this opportunity go wasted, thus explaining the latest attempt to woo these companies by offering them land twice the size of European country, Luxembourg.

As India prepares to emerge as the new global manufacturing hub in a post-Coronavirus world, the Modi government is trying to address the biggest issue in setting up manufacturing plants before anything else, viz. land availability and acquisition.

According to the latest Bloomberg report, India is developing a huge land pool to lure firms moving out of China and looking to translocate elsewhere. The report further states that according to people in the know of things speaking on the condition of anonymity, a total area of 461,589 hectares has already been identified across the country in a bid to attract Multi-national Companies (MNCs) that will be looking for new sites once they shift their operations out of China.

Out of the entire land pool, 115,131 hectares of existing industrial land has been identified in the states of Gujarat, Maharashtra, Tamil Nadu, and Andhra Pradesh and this makes all the more sense given that these states have huge potential for attracting foreign companies but are also susceptible to hurdles in land acquisition.

Andhra Pradesh, for example, is in touch with American, Japanese, and Korean companies including Hyundai Steel and POSCO, for setting up factories in the state. Making plots of land for industrial activity readily available to these companies might help seal all such deals that can power the state towards rapid industrialisation.

The state of Maharashtra too has been on the radar of investors, but projects have a tendency to get stuck in the land acquisition process along with the environmental vigilante-NGO nexus that is ever ready to play spoilsport. The Nanar Refinery project sponsored by Aramco, one of the biggest oil companies in the world, had to be shelved because of orchestrated protests and land acquisition hurdles.

Similarly, the Mumbai Metro project, being financed by the Japan International Cooperation Agency (JICA), has faced hurdles insofar the Aarey metro rail depot is concerned.

Tamil Nadu, another coastal state with immense potential for attracting foreign companies, also has a history of left-leaning NGOs blocking industrial projects. Vedanta’s Sterlite Copper Plant in Tuticorin, for example, was shut down after massive protests that hurt not only the copper industry but also thousands of medium and small sector units whose businesses were dependent on Vedanta’s plant.

In India, the investors who are desirous to set up factories are required to acquired land on their own which can at times be quite a traumatic process. Not only is land availability a big issue, but the investors are at times forced to delay their projects over negotiations with small land-holders.

POSCO and Aramco projects, for example, got shelved only because of land acquisition delays.

Delays in land acquisition have seen big-ticket projects get frustrated that can make India an unpopular destination for foreign firms investing in India despite the country’s corporate tax-friendly regime and low labour costs.

The Modi government is now looking to ensure that foreign firms don’t shy away from investing in India because of hurdles in land acquisition, and that is why it has already started identifying a huge land pool in order to ease the setting up of manufacturing plants in the country.

Ten sectors, namely electrical, pharmaceuticals, medical devices, electronics, heavy engineering, solar equipment, food processing, chemicals, and textiles, have been identified as focus areas by the government. Manufacturing is to be scaled up across these ten key sectors as India makes a massive attempt to emerge as the new manufacturing powerhouse in the world.

The foreign companies, which might be planning to shift their operations to India, are also being taken in the loop, and embassies abroad have been asked to identify companies that are looking for options to invest in.

As per the ET report, Invest India, the government’s investment agency, has received queries from firms in Japan, the U.S., South Korea, and China, expressing their interest to translocate their operations to India.

States have also been separately urged to formulate their own plans for attracting investments from abroad. The state of Uttar Pradesh has, in fact, started moving ahead in this direction already with its plans to woo Japanese companies that are looking to move out of China amidst the ongoing Pandemic.

In fact, the Modi government has taken the early mover advantage by identifying a huge land pool. The opposition had blocked one of the Modi government’s boldest reforms when it had tried to amend the regressive Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettlement Act, 2013, early into its first tenure.

The Act has created bottlenecks in several ambitious projects, despite enactment of amendments by several states. The government understands that it has to make do with this Act which creates a long and cumbersome procedure for land acquisition.

The legislation requires the Social Impact Assessment (SIA) study, which involves public hearings with local bodies followed by an examination of the report by an expert group. The SIA team is given a period of six months to prepare the SIA report and the expert group also has a period of two months to analyse this report. In the worst-case scenario, the entire exercise itself can consume up to eight months.

The government then is also required to formulate a strategy for mitigating the risks of ecological impact, harm to affected families, and other adverse consequences of land acquisition.

But the real trouble comes in the form of Consent clause- 70 per cent landowners must consent in case of Public-Private Partnership (PPP) projects and 80 per cent landowners must consent in case of private projects.

This is where foreign-funded NGOs, with vested interests, can play spoilsport by agitating the local landowners not to give their consent for setting up of manufacturing plants and factories. Despite such a tedious process, the vested interests might again try to frustrate projects by filing frivolous Public Interest Litigation (PIL) petitions and orchestrating agitations to block the setting up of manufacturing plants.

India thus braces for a huge challenge ahead in inviting foreign companies in the form of land acquisition hurdles, but the Modi government is equal to the task and has accordingly started preparing well in advance so that an adequate land pool with readily available infrastructure is prepared by the time foreign companies start shifting to India.

Tags: ChinaIndiaPM Modi
Share572TweetSend
Previous Post

As Korean & American companies rush to set up factories in UP, CM Yogi Adityanath’s efforts are paying off gloriously

Next Post

Bois Locker Room: Disgusting chats in Instagram group of teenage boys get leaked, Delhi Police begins action

Akshay Narang

Akshay Narang

Patriot, Political Analyst, Amateur Historian

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms of use and Privacy Policy.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

  • Most Read
  • Comments
  • Latest
Xi Jinping, coronavirus, Shinzo Abe, china, Japan, coornavirus, COVID-19, Wuhan Virus

‘Pack up and get out of there,’ Japan to spend $2.2 billion to get Japanese companies to exit China

9 April 2020
ajay devgn karan johar

The man who bullied the Bully – How Ajay Devgn made Karan Johar’s monopoly a joke and forced him to apologize

22 June 2020
Huawei, China, Trump, USA, Xi Jinping

‘Our survival is at stake now,’ Chinese Telecom giant Huawei crumbles after US ban on Semiconductor exports

19 May 2020
T-Series Sonu Nigam Divya Khosla Kumar Bhushan Kumar

T-Series forced to take down Atif Aslam’s video, Divya Khosla trolled. T-Series has a bad day in office

25 June 2020
Meat Ban

A Jain responds to Meat Ban in Mumbai

Public Sector Bank, Government, Bill

Dear bank employees, continue your stride but PSBs will be privatized

anti-Hindi

Anti-Hindi Forever?- In search of a National Language!

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

Dear Liberals – your Beef Parties are not protests, they just intend to displease the Majority

5 failed Inventions

5 Inventions that failed to serve their purpose

1 June 2023
Pan India films

Pan India films have been a disaster this year, and the reason is apparent

1 June 2023
Report on India: Morgan Stanley gives double thumbs up to Modinomics

Report on India: Morgan Stanley gives double thumbs up to Modinomics

1 June 2023
Wrestlers Protest

Wrestlers Protest: Once champions, now disgraced foot soldiers of the opposition parties

1 June 2023

Popular This Week

Nawazuddin Siddiqui interview
Cinema

Dear Nawazuddin Siddiqui, you’re a one hit wonder, so just shut up

by Animesh Pandey
26 May 2023
Indian PSUs
Economy

Once a butt of all jokes, Indian PSUs are posting better results than Fortune 500 companies

by Animesh Pandey
26 May 2023
Bollywood actors who are now thriving in other professions
Cinema

Bollywood actors who are now thriving in other professions

by TFIPOST News Desk
26 May 2023
Ram Charan represents Indian cinema at G20 Summit
Politics

PM Modi Picks Ram Charan Teja over Bollywood Khans to Represent India at G20 Summit

by Animesh Pandey
24 May 2023
Inspector Avinash
Cinema

“Inspector Avinash”: Randeep Hooda Shines in a Hidden Gem of a Web Series

by Animesh Pandey
31 May 2023

©2023 TFI Media Private Limited

  • Terms of use
  • Privacy Policy
  • Sitemap
No Result
View All Result
  • Premium
  • Politics
    • Analysis
    • Opinions
    • Trending
  • Economy
    • Business
    • Finance
  • Defense
    • Defence
    • Strategy
    • Weaponry
  • Geopolitics
    • Africa
    • Americas
    • Asia Pacific
    • Europe
    • South Asia
    • West Asia
  • Knowledge
    • Culture
    • History
    • Indology
  • Law
  • Lounge
    • Books
    • Cinema
    • Food
    • Health
    • Sports
    • technology
    • Travel
    • Satire
TFI Official Merchandise
TFI हिन्दी
TFI Global
  • About us
  • Careers
  • Brand Partnerships

©2023 TFI Media Private Limited

Follow us on Twitter

and never miss an insightful take by the TFIPOST team

Follow @tfipost