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West Bengal considers revised plans for stalled allotted land projects

West Bengal considers revised plans for stalled allotted land projects
West Bengal may allow land allottees to change project plans · thehindubusinessline.com

The West Bengal government wants some companies to be able to change their project plans instead of losing land they were given.

This could apply when the original projects did not start or were not completed.

Officials will study each new proposal before approving it.

Creating jobs will be an important part of the decision.

The government is considering 100 jobs per acre as a benchmark.

A technology hub received about 250 acres for projects by 42 companies.

So far, only five companies have completed projects there.

Adani Group has started building a hospital on land originally assigned for a data centre park.

Key facts

Employment benchmark
About 100 jobs per acre is being considered as a benchmark.
Silicon Valley land
Around 250 acres were earmarked for the Bengal Silicon Valley Tech Hub.
Companies allotted land
Land parcels were allotted to 42 companies.
Completed projects
Five companies have completed projects and are using about 20 acres.
Reported investment
The completed projects represent nearly Rs 2,000 crore in investment.
Reported employment
The completed projects employ about 1,000 people.
Adani land allotment
Adani Group received 51.75 acres on a 99-year lease for a hyperscale data centre park.

Quotes

Manoj Agarwal

West Bengal Chief Secretary

“Technically, we could have taken back the land as per the lease conditions. But, the chief minister has asked us to give them an opportunity to change their plans for the land.”
thehindubusinessline.com
“Those proposals that meet this benchmark will get priority.”
thehindubusinessline.com

Sources

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