Ratnagiri refinery: Indian Oil, others set up panel to settle land acquisition issues
For the project, IOC, Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) have come together. Saudi Aramco and Abu Dhabi National Oil Co (Adnoc) of UAE too have picked up a stake in the project.
With the Rs 3-lakh-crore west coast refinery project facing land acquisition issues, a high-level committee of experts has been set up to draw a roadmap for settlement of land acquisition issues, state-run Indian Oil Corp (IOC) said Monday.
The panel will be headed by former Maharashtra chief secretary D M Sukthankar, will look at "satisfactory resettlement and rehabilitation of the project affected people" and submit its recommendations within the next six months to the project promoters and the Maharashtra government for further action," IOC said in a statement here.
It will "recommend a roadmap for the settlement of issues related to the acquisition of land in a fair manner and satisfactory resettlement and rehabilitation of the project affected people, for the proposed integrated refinery and petrochemicals project in Konkan region of Maharashtra," it said.
Other members of the committee include former finance secretary Vijay L Kelkar, Prof.Abhay Pethe (former Chair Professor & Director, Dept. Of Economics, University of Mumbai); Prof J B Joshi (President, Marathi Vidnyan Parishad, Mumbai and former Director, Institute of Chemical Technology, Mumbai); and Dr S B Kadrekar, Former Vice-chancellor, Konkan Krishi Vidyapeeth (Agricultural University), Dapoli (District Ratnagiri).
Shiv Sena, as well as Congress and Natioalist Congress Party (NCP), are opposing the 60 million tonnes per annum refinery cum petrochemical complex to be set up over 5,461 hectares in Ratnagiri and Sindhudurg districts of the Konkan region.
For the project, IOC, Hindustan Petroleum Corp Ltd (HPCL) and Bharat Petroleum Corp Ltd (BPCL) have come together. Saudi Aramco and Abu Dhabi National Oil Co (Adnoc) of UAE too have picked up a stake in the project.
"The Committee will look into and make appropriate recommendations in regard to all issues connected with the overall environmental protection and ecological conservation of the region. It will independently recommend a proper framework and methodology for the holistic and integrated development of the region, including balanced town and country planning, economic and socio-cultural development, diversification and development of skills among the local population of the region and other relevant matters," the statement said.
The committee has been empowered to invite and interact with all stakeholders and to commission and monitor such special studies as it may consider necessary, such as environmental impact assessment, social, economic and cultural impact assessment etc.
The Committee is expected to submit its recommendations, within the next six months, to the promoters of the Project as well as the Government of Maharashtra, for further action. An interim report identifying areas of early action is also expected to be submitted by the Committee, the statement said.
"The recommendations made by the Committee are expected to be fully and faithfully implemented by the promoters and the concerned authorities with a view to ensuring the environmental protection, ecological preservation and holistic development of Konkan region and also the proper resettlement, in a sensitive and humane manner, of the local people likely to be displaced by the project," it added.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
SCSS vs FD: Which guaranteed return scheme will give you more quarterly income on Rs 20,00,000 investment?
Rs 3,500 Monthly SIP for 35 years vs Rs 35,000 Monthly SIP for 16 Years: Which can give you higher corpus in long term? See calculations
Power of Compounding: How long it will take to build Rs 5 crore corpus with Rs 5,000, Rs 10,000 and Rs 15,000 monthly investments?
Small SIP, Big Impact: Rs 1,111 monthly SIP for 40 years, Rs 11,111 for 20 years or Rs 22,222 for 10 years, which do you think works best?
08:29 PM IST