Land acquisition cost may go up to 3.5 times: India Inc

August 29, 2013 23:00

Land Acquisition Bill, passed by the Lok Sabha tonight, may push up cost of acquiring land by up to 3.5 times, making industrial projects unviable and raising overall costs in the economy, India Inc said.

Industry chamber CII said it has always emphasised on the need to streamline the land acquisition process to boost manufacturing and promote job creation in the industry.

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