Option of allotment of developed land
Expects Rs. 300,000 crore of investment by units in the zoneNon-polluting industries likely to come in
MUMBAI: The Reliance group-promoted Mumbai Special Economic Zone (MSEZ) has announced its relief and rehabilitation (R&R) package for project-affected persons (PAPs) in the Raigad district.
While no physical displacement will be caused by its project since none of the 45 villages is going to be acquired, Dilip Chaware, President, Corporate Communications of NMSEZ (Navi Mumbai SEZ), at a press conference here on Monday said the PAPs would be given 12.5 per cent developed land, a compensation at market rates for their lands, assurance of job after successful completion of training, two years' sustenance payment for landless labourers and an upgradation of the village infrastructure by the company spending around Rs. 90 crore.
MoU signed with Govt.
The R&R package will become applicable as soon as the company receives possession of land. The company has already signed an MoU with the Maharashtra Government regarding rehabilitation and relief to the PAPs.
Both NMSEZ and MSEZ cover a contiguous 14,000 hectares with 10,000 hectares land for NMSEZ being acquired by the City and Industrial Development Corporation of Maharashtra (CIDCO), which is a 26 per cent stakeholder. Around 25-30 per cent of the total land is agricultural land.
The total investment by the Reliance-led consortium for development of both SEZs and related infrastructure would be Rs. 30,000 crore and according to Mr. Chaware, "every utility like infrastructure, water and power would have its own special purpose vehicle (SPV).''
The consortium would invest Rs. 4,000 crore in the Mumbai Trans Harbour Link, Rs. 3,000 crore in the Rewas Port, Rs. 1,000 crore for water supply, Rs. 5,000 crore for a 2,000 MW power station and Rs. 3,000 crore for other infrastructure. Besides, NMSEZ would incur and expenditure of Rs. 5,000 crore and MSEZ around Rs. 10,000 crore, taking the total to around Rs. 30,000 crore.
"As far as verticals are concerned, we are expecting around Rs. 300,000 crore of investment based on a modest calculation of 1:10 and expect non-polluting industries like banking and finance, gems and jewellery, apparels, logistics, auto, and pharmaceuticals players to come in,'' Mr. Chaware said.
The land acquisition covers 45 villages with a population of around 75,000. Mr. Chaware said the Maharashtra Government would complete land acquisition by the year-end. "On our own we have already bought more than 1,000 hectares under the `consent route' at ten times the prescribed `Ready Reckoner' rate (Government prescribed rate),'' he said.
Under the 12.5 per cent Developed Land Scheme, the MSEZ will allocate 12.5 per cent developed land in proportion of the original land holding to the legal land holder at a price to be determined by the State Government and this will become a permanent source of income for the PAPs.
The monetary compensation option (in lieu of the 12.5 per cent scheme) offers the land holder Rs 5 lakh per acre of land originally sold as one-time payment or a lifetime monthly payment of Rs. 5,000. The MSEZ is also willing to buy land under paddy at Rs. 10 lakh per acre and varkas (unproductive) land at Rs. 5 lakh per acre. A landowner may additionally opt for employment of one nominated family member and this arrangement too has two options.
Under the first option, free technical and vocational training would be imparted to the nominee and a sustenance allowance at minimum agricultural wages would be paid to the family. Once training is completed, employment with a monthly income range of Rs. 4,000-5,000 is assured. Under the second option, the MSEZ will pay a one-time payment of Rs. 3 lakh per PAP if training and employment is not opted for.