| Popis: |
Keeping in view the vision envisaged of being a self-reliant nation, it is imperative that the country adopts long-term structural reforms that have been waiting to see the light of the day. The Land Acquisition Act, 2013 has certainly been a stumbling block against a large number of investment proposals getting transformed into a reality. Hence the government needs to address the issue and initiate corrective reform measures in order to reshape India’s growth trajectory. Land remains one of the top reasons for stalling projects in India. The chapter discusses how as Land is a State subject, the Central and State Governments need to work for hand in hand and solve land acquisition issues to expedite the process of acquisition of land and make it a smooth and seamless procedure for investors. A win–win solution for both the owners of the land and buyers has to be devised, thereby making the process easy and simple for acquiring land for urbanization and industrialization. The Government needs to adopt international best practices in land acquisition to spur growth in investment in infrastructure by domestic and foreign investors. |
