Industrialists to protest over extra land charges | gurgaon | Hindustan Times
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Industrialists to protest over extra land charges

gurgaon Updated: Nov 06, 2012 00:40 IST
HT Correspondent
HT Correspondent
Hindustan Times
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As many as 10,000 protesters, comprising largely of industrialists and their employees, will take to streets on Friday over the issue of payment of enhanced compensation to farmers whose land was acquired for development of Industrial Model Township (IMT), Manesar.

The issue has turned into a major bone of contention between the industrialists and township promoter, the Haryana State Industrial and Infrastructural Development Corporation (HSIIDC). The HSIIDC had paid Rs. 4 lakh per acre to the displaced farmers in early 1990s when IMT, Manesar was being developed.

The farmers, however, moved the Punjab and Haryana High Court which ordered the compensation to be increased to Rs. 20 lakh per acre.

The HSIIDC moved the Supreme Court against the high court order.

However, its plea was dismissed by the apex court.

The industrial corporation's two review petitions in the apex court also went against it.

Though the HSIIDC has started the process of releasing money in the wake of the Supreme Court order, it has simultaneously been asking industrialists to pay up as the buyer-seller agreement between industrialists and HSIIDC states that the enhancement costs have to be borne by the plot owners.

Industrialists, however, say that HSIIDC should foot the enhanced cost itself and not burden the plot owners as the industry body has raised and amassed huge money over the years.

“The major challenge for Manesar Industries Welfare Association (MIWA) now is to fight the legal case," said industrialist and MIWA joint secretary Jagdish Kukreja.