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Land acquisition process for Kazipet wagon project commenced

No Comments Sub Category:Legal,Realty News Posted On: Jul 11, 2014

A senior official of South Central Railway (SCR) has revealed that the process of acquisition of land for the proposed Kazipet wagon project has started. Land is being acquired for the wagon manufacturing unit proposed at Kazipet in the Warangal district of Telangana.

According to the information shared by SCR General Manager P K Srivastava, the mobilization of funds for the Rs 150-crore Kazipet wagon project will “not be a problem.”

Srivastava said that the required 125-acre land for the Kazipet wagon project will be provided by the Telangana government.

In connection with land acquisition, Srivastava said that there are some encroachments in certain parts of the land which has been for the project; and added that the SCR had held talks with Chief Minister K Chandrashekar Rao as well as the District Collector, to bring the issues to their notice.

The initiation of the land-acquisition process for the Kazipet wagon project is a noteworthy advance in giving practical shape to the proposed project, especially since the demand for the implementation of the project has been pending for many years.

The progress in the direction of implementing the Kazipet wagon project has apparently gathered momentum after the bifurcation of Andhra Pradesh, due to the project’s massive potential to generate employment.

Source- Financial Chronicle

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