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INDIA SURGES AHEAD NEWS
March 2007
BUSINESS & ECONOMY
 
 
Narayana Murthy opposes SEZ policy
 

Software icon N R Narayana Murthy today opposed the practice of acquiring farm lands for special economic zones (SEZs), saying that the earlier practice of companies building their own campuses was good enough. "I agree that we cannot take land from farmers", the non-executive chairman and chief mentor of Infosys Technologies Limited told reporters, who sought his views on the raging debate over SEZs. "The earlier policy, where individual companies were building their own campuses, was a good one," he said, adding that bringing real estate players in between was probably not the best thing to do. Murthy, the face of India's booming IT industry, added: "and that's why all this furore has been created. I think the earlier policy of requesting companies to deal directly to get land and build their own campuses is a good one". He said that the recent Nandigram incident in West Bengal, where 11 people were killed in police firing during a protest, is likely to have "some repercussions". "Because, at the end of the day, let's remember that news travels through internet pretty quickly and given that it is so, people all over the world will read it and perhaps in some ways some of them will misinterpret it too. So in that sense there is always a danger of having some repercussions", he added .

Courtesy: www.zeenews.com, March 21, 2007

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Economic growth through highways'
 

About 50,000 KM of National Highway in the country are being improved with an investment of Rs 2,20,000 crore to boost economic growth, Union minister of state for road transport Mr KH Muniyappa said today. "Our vision and plan is to complete the improvement and widening of the highways by 2012," Mr Muniyappa, currently on a visit to the state, told reporters here. "This will boost economic growth by one to two per cent even as the smooth highways will enable vehicles to move at a speed of 120 KM/H." The government's ambitious 5,846 KM Golden Quadrilateral project is almost 95 per cent complete, and about 5,600 KM of the project are being developed into six-lane highways. The 7,300 KM corridors linking Silchar and Porbandar and Srinagar and Kanyakumari will be completed by 2008-09, he said. The National Highway Development Programme (NHDP) is being implemented in seven different phases, and about 11,000 KM are being taken up under Phases 3A and 3B. Work had already begun on a total stretch of 4,000 KM. The detailed project report is being finalised for the remaining 7,000 KM and this work will be completed by 2009-10, he said. The NHDP also includes development of 1,000 KM of expressway in the country, Mr Muniyappa said. The new projects being undertaken, he said, included about 550 KM of new highways in Orissa for which the state government must act fast to acquire land and remove other hurdles. This relates to six different roads that are included in NHDP 3A and 3B. He said the roads are Panikoili-Keonjhar-Rimuli (163 KM), Rimuli-Roxy extended up to Rajamunda (106 KM), Duburi-Chandikhol (39 KM), Chandikhol-Talcher (98 KM), Puri-Bhubaneswar (59 KM) and Sambalpur-Bargarh extended up to the Chhattisgarh border (88 KM). The total cost of these projects would be around Rs 2,500 crore and tenders for them were being invited. The Central government has also sanctioned National Highway status for four state highways in Orissa in view of their economic importance. They are the Khurda-Balangir (299 KM), Puri-Satpada (49 KM), Puri-Konark (35 KM) and Champua- Rimuli (14 KM) roads. "The chief minister (Naveen Patnaik) should take steps to expedite these projects and we expect full cooperation from the state government," he said. Mr Muniyappa, who attended the bhumi puja for the improvement of a 12 KM stretch of NH-217 in Berhampur yesterday, said 434 KM of the Golden Quadrilateral is in Orissa, and the widening of these highways to four lanes should have been completed by December 2006. While the widening of 326 KM of NH-5 to four lanes had been completed in Orissa, work on the balance portion of the highway is expected to be completed by December 2008, he said. The delay in work is mainly due to opposition from people who have refused to part with land and the matter has gone to court in several cases, he said. "People must understand the purpose behind this highway development as it will strengthen the economy and their own future," he said, adding that they are obstructing these works because they have not understood the purpose behind them. The improvement and widening of highways will reduce the requirement of fuel by 30 to 35 per cent, lessen travel time considerably and improve the durability of vehicles, he said.

Courtesy: www.thestatesman.net, March 18, 2007

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