K'taka govt says Jindal land allotment of 3,677 acre is lawful
ECONOMY & POLICY

K'taka govt says Jindal land allotment of 3,677 acre is lawful

Karnataka's Minister for Large and Medium Industries, MB Patil, strongly defended the government's decision to execute a lease-cum-sale deed for 3,677 acre of land to Jindal Steel Company, stating that the transaction was fully compliant with the law.

Patil emphasised that the sale was based on a government order issued after a court directive and a subsequent Cabinet resolution, ensuring there was no possibility of any wrongdoing.

Patil clarified to the press that no concessions were given to Jindal. He explained that the company paid the market price, and all government regulations were strictly adhered to. He further stated that the same rules applied to over one lakh industries in the state were also applied in Jindal's case. He mentioned that the issue had been unnecessarily prolonged for nearly nine years.

Looking ahead, Patil noted that a global investor conference would be held in Bengaluru in six months. He highlighted Jindal's significant investment of Rs 900 billion in the state and the creation of 50,000 jobs. He stressed the importance of ensuring that no negative message is sent to potential investors by the government.

Patil also explained that, according to the industrial policy, entrepreneurs who are provided land by the government are required to utilize at least 51 per cent of it within ten years while keeping their operations active. He noted that the sale contract is executed according to policy, and Jindal has fully complied with these requirements.

Patil pointed out that Karnataka faces stiff competition in the industrial sector from states like Tamil Nadu, Maharashtra, Gujarat, Andhra Pradesh, and Telangana, where many states offer free land to industries.

Karnataka's Minister for Large and Medium Industries, MB Patil, strongly defended the government's decision to execute a lease-cum-sale deed for 3,677 acre of land to Jindal Steel Company, stating that the transaction was fully compliant with the law. Patil emphasised that the sale was based on a government order issued after a court directive and a subsequent Cabinet resolution, ensuring there was no possibility of any wrongdoing. Patil clarified to the press that no concessions were given to Jindal. He explained that the company paid the market price, and all government regulations were strictly adhered to. He further stated that the same rules applied to over one lakh industries in the state were also applied in Jindal's case. He mentioned that the issue had been unnecessarily prolonged for nearly nine years. Looking ahead, Patil noted that a global investor conference would be held in Bengaluru in six months. He highlighted Jindal's significant investment of Rs 900 billion in the state and the creation of 50,000 jobs. He stressed the importance of ensuring that no negative message is sent to potential investors by the government. Patil also explained that, according to the industrial policy, entrepreneurs who are provided land by the government are required to utilize at least 51 per cent of it within ten years while keeping their operations active. He noted that the sale contract is executed according to policy, and Jindal has fully complied with these requirements. Patil pointed out that Karnataka faces stiff competition in the industrial sector from states like Tamil Nadu, Maharashtra, Gujarat, Andhra Pradesh, and Telangana, where many states offer free land to industries.

Next Story
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?