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‘Electronic City Project’ At Chevella To See Some Movement Soon… !!??
Posted by Pradeep Sadanapalli | January 13, 2008 | 1,547 views
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Source: Eenadu
Faced with a severe paucity of land, the state government is now eyeing Wakf land for developing infrastructure projects in the vicinity of the rapidly growing Hyderabad. For starters an electronic city is being proposed to be co-developed along with the Wakf Board at Alur on the outskirts of the city.
A staggering 3,65,000 acres of land all across the state is under the control of the Wakf Board. Half of it is around Hyderabad, but a large part of it has been encroached upon. This is valued at thousands of crores of rupees.
“We are starting on an experimental basis. If this works out we will go in for more projects,” a senior government official said. But while developing projects along with the Wakf Board the government will have to follow the rules of the Islamic banking code. This means that land can be used only for certain kind of activities.
“We can’t develop the land and give it out to build a cinema hall or a pub to serve beer. Neither can breweries or distilleries be set up. But it will be okay to set up a manufacturing unit. This is because it will help the poor by creating jobs,” the source said.
In the model proposed by the government, the Andhra Pradesh Industrial and Infrastructure Corporation will hold 40 per cent of the equity, the remaining 60 per cent will be with the Wakf Board.
“Nothing is totally final. If we can find a model to unlock the value of the land, it will be to the benefit of the community,” M A Quddus, additional secretary, minorities welfare department, told TOI.
The government has run into several legal complications each time an effort is made either to sell land or lease it out particularly on the outskirts of the city.
The Wakf Board has still been claiming ownership of the land which has been allotted to some multinational companies and educational institutions like the Indian School of Business by the government.
“Both the corporation and the Wakf Board seem to have realised that there is no point in confrontation. We should have a harmonious situation. This codevelopment model is a result of this,” an official source explained.
Wakf land is originally donated by the Nizam as religious endowment.
Topics: SEZ, Information Technology, Govt In Action, Infrastructure |
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