The Telegraph
Tuesday , April 1 , 2014
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Food park land deal

Patna, March 31: Keventer Mega Food Park, a Rs 140-crore project hit by land issues, is ready to start finally.

The food park, promoted by Calcutta-based Keventer Agro, will see the beginning of its construction on a 51-acre plot in Bhagalpur district’s Kahalgaon from next week.

With the state government having been unable to provide land for the project even after allocating it because of protests by farmers and landowners, those associated with the project have completed the registration process of 51 acres, which they had bought themselves.

Satyajeet Kumar Singh, chairman, PHD Chamber of Commerce and Industry, and also a stakeholder in the project, said they had taken back Rs 1.97 crore from the Bihar Industrial Area Development Authority (Biada) too.

“All the stakeholders with the project had paid the sum to the Biada for 80 acres in the industrial growth centre (IGC). However, with the Biada not being able to provide the land, the money has been returned to us now. A total of 51 acres had directly been bought from the farmers in Kahalgaon again and the registration process has been completed. The landowners have been paid compensation for their land at a rate of around Rs 9 lakh per acre. Within next week, the construction of the boundary wall along the land will start. The project will see its completion between 12 and 18 months. The government has failed to provide any kind of help to the investors in this case. The land has been registered under the name of the project,” he said.

Once Keventer had moved out of the IGC, the government tried to provide around 100 acres to it in the Bounsi subdivision of Banka district. “They were giving any kind of land possible. The land there was full of conflicts. If the government cannot provide land to investors, how can they even talk about big-ticket investments?” an industrialist said.

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