Wednesday, Oct 01, 2003
Wednesday, Oct 01, 2003 |
| Southern States | ||||
|
News:
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
Advts: Classifieds | Employment | Obituary | Southern States
-
Andhra Pradesh-Hyderabad
By Our Staff Reporter
The entire Opposition, barring the BJP, was up in arms against the treasury benches demanding to know how the project would benefit people and what the burden on the exchequer would be. Defending the decision during question time on Tuesday, the Chief Minister, N. Chandrababu Naidu, listed a host of benefits, including appreciation of land values. The project would also generate employment to 20,000 people directly and 50,000 indirectly. A massive infrastructure of hotels and hospitals would be created apart from giving a fillip to the automobile industry and tourism. He said it was proposed to alienate 1,300 acres for the project apart from developing a hill-slope but the Government was yet to work out the details. Mr. Naidu specifically mentioned that a six-lane road over a 110 km. radius of the city would also have to be constructed for the purpose and the Government could collect development charges for it. If need be, the road could also be made eight-lane. The Chief Minister urged the Congress not to impede development of the State under the project. The party was free to oppose the project but it should not spoil the State's chances. He feared the Congress could be pitching for the track in Maharashtra and Karnataka where the party was in power. Going into the development in the State in his eight-year rule, Mr. Naidu rolled out a long list of what has been set up in the city -- ISB, Fortune 500 companies, IIIT, Hi-Tech city, GE, Trade Fair Centre, which he claimed was better than Pragati Maidan, biotech park, apparel and hardware parks. He asserted that the development would be high only when as many foreign companies as possbile start operations. The Foreign Direct Investment (FDI) was the index of development. Mr. Naidu said an investment of Rs. 600 to 700 crores to develop sports was on the anvil in the State. Best of the players from Asia would be drawn at sports meets in the city. He added that the viewership for car races was next only to cricket. The craze was high among youngsters. As many as 250 jumbo jets and 747 aircraft would fly into the city apart from movement of big vans to shift material related to the project. About 2,500 technicians and engineers would also be required. The Congress Legislature Party leader, Y.S. Rajasekhara Reddy, asked what support the Government would extend. Would it be giving land free of cost or at less rate. In any case, the land would be acquired at cheap rates from owners and sold away at exorbitantly high prices. He asked the Government to come clean because the promoters were not doing any favour. They wanted to do business. He said the setting up of the track amounted to legalising gambling. He compared it with the casinos of Kathmandu and California. The MIM lloor leader, Asaduddin Owaisi, lashed out at the Government that precious lands of Telangana were being sold away for the project. He asked why the project could not be set up in the rich coastal districts. The CPI(M) MLA, N. Narasimhaiah, asked the Government to consider how it helped the common man.
Printer friendly
page
News:
Front Page |
National |
Southern States |
Other States |
International |
Opinion |
Business |
Sport |
Miscellaneous |
|
|
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | Home |
Copyright © 2003, The
Hindu. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu
|
