Bengaluru, Jun 20: Chief Minister Siddaramaiah on Friday announced to organise an investors’ meet named “Invest Karnataka 2015” from November 23 to November 25 in Bengaluru, even as his government continues to dillydally taking a decision on adopting the land acquisition enactments.

“We are yet to take a decision on it (on whether to adopt new land acquisition ordinance of the NDA government or follow 2013 version of the previous UPA government). But we will acquire land only after obtaining consent of the farmers and we are ready to pay the market rate as compensation,” he told reporters.
Rules not framed
The government is not in a position to implement 2013 version of the Act (Land Acquisition, Rehabilitation and Resettlement Act, 2013) as it has not framed the rules. The Congress government is at the same time not willing to adopt the new 2015 ordinance. As a result, a number of mega infrastructure projects are held up in the State.
Further, Siddaramaiah declared that he was ready to re-consider his decision to allot land only on 99-years’ lease for industrial development. Industry bodies had been crying foul at the decision. They want the earlier system of lease-cum-sale deed to be re-introduced in the State.
He said his government has been taking a number of steps to promote ease of doing business in the State. An online system has been introduced for not only industrial approvals but also for sanctioning land, power and water under ebizkarnataka portal. Special packages and incentives will be given for investments in the backward regions as per the new Industrial Policy 2014-19, he added.
‘Flop shows’
Siddaramaiah, who had termed Global Investors’ Meet (GIM) organised by previous governments in 2010 and 2012 as flop shows, said memorandum of understandings (MoUs) signed in those GIMs are being implemented. He defended delay in implementing MoUs signed in 2010 and 2012, saying that the ban on iron ore mining had held up projects related to iron and steel sector. The government is now initiating steps to auction iron ore mines. Recommendation has been made for auctioning 15 mines to the Centre, he added.
Of 389 MoUs of 2010 GIM, about 85 of them worth Rs 94,110 crore have been implemented.
About 179 other MoUs are at various stages of implementation. Of 751 MoUs of 2012 GIM, about 45 have been implemented and 260 MoUs are at various stages of implementation. “There is no delay. Industry projects require time for implementation and they will be implemented,” he stated.
‘Problem with mindset’
Asked whether investors are reluctant to go to tire-II cities because of infrastructure facility inadequacy, Additional Chief Secretary to Commerce and Industries Department K Ratna Prabha said the problem is with the mindset and not infrastructure. The government has been trying to motivate the investors to go beyond Bengaluru.

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