Continuing its land acquisition drive for development of industrial areas and estates, Gujarat Industrial Development Corporation (GIDC) has proposed to acquire 31,241 hectares of land during fiscal 2010-11. The corporation has already worked out details for 10,117 hectares.
As per GIDC's annual financial statement for the year 2010-2011 tabled in Gujarat legislative assembly the total cost of acqusition is estimated to be Rs 1271.98 crore. After considering Rs 68.97 crore towards additional liabilities regarding land reference cases, the corporation expects the capital expenditure for the land would be Rs 1340.95 crore.
Of 10,117 hectares land already identified by the corporation, 7000 hectares are for Dahej estates and 1000 hectares for Khergam and Vagra Vilayat each. Apart from this, around Rs 508.27 crore would be spent in 2010-11 for creating various infrastructures in different industrial estates.
The corporation has proposed expenditure of Rs 408.66 crore for different estates, which also include Bhat, Charodi in Ahmedabad, Dahej, Dahej-2, Vilayat, Jaghadia in Bharuch, Savli in Vadodara, Dahej SEZ and Ankleshwar. Nearly Rs 235 crore would be pumped in for Dahej-2 industrial estate.
GIDC also plans to construct common facility center for apparel park in Ahmedabad and Garment Park in Surat involving an investment of Rs 3.96 crore. The corporation estimates its expenditure at Rs 2,200 crore for 2010-11.
It may be mentioned here that Gujarat government has earmarked Rs 178.44 in 2010-11 for Critical Infrastructure Projects scheme of GIDC, which is aimed at upgrading infrastructure facilities of exisiting industrial estates.
The allocation for the current fiscal is higher than the provision of Rs 152.16 crore made for the purpose in 2009-10.
So far, the government has approved projects to the tune of Rs 1098.08 crore from 159 industrial estate under the scheme, where the state will offer financial assistance of Rs 502.32 crore.
