Mr. Harish Mariwala, said,''There is a need to relook at 2 important bills namely Land Acquisition, Rehabilitation & Resettlement (R&R)& MMDR Bill 2011 which are likely to be placed in the winter session of Parliament. There are number of concerns over these 2 bills and there is an apprehension that if both these bills are passed in their current forms it would affect industrial development in India"
The industrial outlook is indeed grim and the 2 bills have also seriously dented investors' confidence
The restriction on multi-crop land and application of 'R&R' provisions would make it difficult to acquire land for the industry.
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