The Karnataka Government says, Investors can Acquire Agricultural Land from Farmers
The Karnataka state Chief Minister, B.S Yediyurappa who served as a leader of opposition in Karnataka Legislative for the three times, recently announced that Investors would be able to purchase agriculture land directly from the farmers within 30 days of putting up the industries in Karnataka.
"We are amending section 109 of the Karnataka Land Reforms Act in the ensuing budget session of the assembly in March to enable investors buy lands from farmers in the state directly in a month," Yediyurappa told the press. The statement was made on arrival to state from the 50th World Economic Forum at Switzerland that was held from 21 to 24 of January 2020.
The ease the entire commercial process and improve business the limit for land purchase is reduced from 60 days to 30 days after the act is revised by the assembly.
The CM stated, "If the land acquisition process is not completed in the two-month limit, the state government's approval can be deemed given for the investors to take possession of the land for building their production facility."
In this context, Jagadhish Shettar, the state Industries Minister exclaimed that nearly 12,000 acre was all set to allot for the investors. Moreover, 30,000 acre land is reserved for industrial development across the state.
"Potential investors at the summit expressed concern over the delay in land acquisition across the state due to procedural and bureaucratic hurdles," said the chief minister. The Karnataka government is also breaking down the rules to shift the farm land for industrial usage. These amendments are made as part of its new economic and industrial policies. He further added, "The online procedure will be simplified for land conversion in 30 days, failing which their application will be deemed approved to start building activity,"