Karnataka minister defends government’s decision to sell land to Jindal Steel Company

Bengaluru: Karnataka Minister for Large and Medium Industries MB Patil defended the government’s decision to execute a lease and sale deed for 3,677 acres of land in Ballari Jindal Steel Companystating that the transaction was carried out in full compliance with the law.

He stressed that the sale was carried out following a government order issued after a court directive and a subsequent cabinet resolution, which leaves no room for any irregularities.

Stating that Karnataka faces tough competition in the industrial sector From Tamil Nadu, Maharashtra, Gujarat, Andhra Pradesh and Telangana, the minister argued that several states are offering free land to industries.

Speaking to reporters, Patil said, “We have not made any concessions to Jindal. The company paid the market price and all government norms were strictly followed. The same norms that apply to over 100,000 industries in the state have been applied in the case of Jindal as well.”

He added that the matter had been dragged on unnecessarily for nearly nine years.

Looking ahead, Patil mentioned that a global investors conference will be held in Bengaluru in six months. He highlighted that Jindal has invested Rs 90,000 crore in the state and created 50,000 jobs. “In such a scenario, the government should not send any wrong message to potential investors,” he said. Patil further explained that as per the industrial policy, entrepreneurs to whom the government provides land must utilise at least 51% of it within ten years while keeping their operations running. The contract of sale is then executed as per the policy, and Jindal has fully complied with these requirements.

“In the industrial sector, we face tough competition from Tamil Nadu, Maharashtra, Gujarat, Andhra Pradesh and Telangana. Many states are offering free land to industries,” Patil said.

He also expressed confusion over why some people in the past opposed the leasing and sale of land to Jindal.

Patil clarified that there were no protests by the Congress against Jindal in the past, and pointed out that the earlier objections were raised only against Janardhana Reddy.

In response to a query, he confirmed that no mining activities were taking place on the land that was decided to be sold to Jindal.

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