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Rs 212 crore as SEZ bounty, banks rush to Pune villages

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  • The Nimgaon village, site for the Bharat Forge SEZ

    The other banks that are getting into the fray with door-to-door campaigns, counselling sessions and promos are Bank of Maharashtra, SBI and a clutch of district cooperative banks.

    According to Rajiv Jalota, CEO of MIDC, it’s among the unique packages wherein land is being acquired once the farmers gave consent after protracted talks. “The resettlement and rehabilitation policy too is different and the entire land acquisition has been of non-agricultural land, and with their consent,” he says.

    Nobody at Bharat Forge Limited, which will hold 76 per cent stake in the SEZ, is willing to comment since not one inch of land is in its name yet. The land, being acquired by the state government, will be placed in the joint venture company that will be registered in the coming weeks.

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