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YCP demands white paper on MOUs with Singapore; foreign firms buy Amaravati lands at Rs 4 Cr per acre

Wed, Jun 22, 2016, 06:24 PM
Demanding a white paper on the MoUs signed by the TDP government with foreign companies in the capital area region, the YSR Congress has said that the State should categorically state where the commercial space would be given to the farmers who gave up their lands.

‘What is happening in the capital area region is not known to the outside world and the three Singapore companies have joined CRDA to form a consortium which was given 1,700 acres of land for development, details of which are not known.

`We demand that the state publish a white paper on the issue and also specify as to where the farmers would be getting the commercial space in lieu of the land they had given up,’ party MLA A Rama Krishna Reddy told reporters in Hyderabad on Wednesday.

There are reports that the foreign companies had bought the land at Rs 4 crores per acre. The entire deal and how the capital area work is progressing should be put in public domain by publishing a white paper, he said.

There are fears that the foreign companies were given the right to sell the land which makes it a commercial proposition and in any venture the natives should have an upper hand, but here the foreign companies are holding 52 % stake while the CRDA has only 48%, which makes the deal murkier, he said.
The option of selling 32 % of the stock is given to the Singapore companies.

The other issue is that the TDP has been resorting to vindictive politics. Those farmers who refused to give land have been targeted and the design of express highway was drafted in such a way so that it passes through their fields.
Agency: Ap7am Desk
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