Bengal Unitech Convincing the Farmers in West Bengal

March 2, 2007	(Be the first to rate this story!)  Loading ...
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Prasoon Mukherjee, Director of Bengal Unitech Universal, is the Indian partner of the Salim Group, has been in the limelight for the past few weeks. His project to develop special economic zone (SEZ) in West Bengal has sparked off a lot of protest on the matter of land acquisitions.

Land acquisition is certainly not an easy subject. However, it can be resolved by making land owners understand of its benefits as they would be holding a stake in the development. The set up of SEZ will bring new and better employment prospects for them, says Mukherjee while interacting with media.

Commenting on why the company chose West Bengal, he said, “Our attraction to the state is more to do with the huge pool of English speaking graduates there and the human resource-pull rather than the land particularly.

The land owners need time to ponder over the benefits in details. The company is also going to participate in convincing people and bringing their development prospects before.

“Also, our SEZ project does not run on the same track. Unlike other companies, we are not keeping an eye over land or assets to be handed on a platter prior to pouring in any investment”, says Mukherjee taking a dig at other business houses, “While other states allow 75 per cent of the land for real estate development, my SEZ project has been allowed only a net of 30-35 per cent land for real estate.”

As far as investment climate in West Bengal is concerned, the state requires funds and the government is well-cognizant of this fact. Earlier, there used to be a fear in making investments in the state because of the old communist regime and the labor and poor infrastructure, explains Mukherjee when asked about his interests in investing West Bengal.

At present, the company holds 9,000 acres in the state and others are also parking their funds. It just appears that Bengal Unitech has just paved the way for others.

News Published Under:   Real Estate India |

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