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Uncertainty Clouds RIL Project in West Bengal
| April 20, 2007 |  (Be the first to rate this story!) Loading ... |
Reliance Industries Ltd. (RIL) counting on it being sunny regarding its Rs 20 billion agro retail outlet proposal in West Bengal. The company has appealed afresh to get the nod from the government.
However, the West Bengal State Marketing Board has asked for some necessary details about the project. Of all, the major would be the clarification whether the company intends to purchase agro products directly from the farmers or from the market, says Mr Naren Chattopadhyay.
The board is an autonomous organization that falls under the ministry of agricultural marketing of the state government and works as a regulatory authority and controls the rates of farm produce.
Reliance Town Centers (RTCs) that would come up in the state will be a mix of hyper and super markets. They will also feature the convenience stores, entertainment venues, multiplexes, and an array of other facilities for the public utility, as per the Reliance Proposal.
Also, these centres will procure fruits and vegetables and distribute them to the Reliance Fresh outlets, which envisage covering 2,000 to 5,000 square feet, and would come up on rented premises in and around Kolkata. This certainly indicates towards healthy rentals.
If any private company steps into the traditional agro marketing structures of West Bengal, it can highly affect the interests of farmers and small and medium traders, who form a large part of the state.
The board was considering over the RIL’s proposal. The company can set up collection centres if it complies with the West Bengal Regulatory Marketing Act, Chattopadhyay adds.
The proposal submitted to the board says to provide a large variety of consumer goods to the state. RIL also plans to establish another six centers that would serve as national distribution cum processing centres (NDCs) in Klokata , Siliguri, Malda, Haldia, Kharagpur, and Asansol.
News Published Under: Real Estate India |
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