Thursday, Feb 2, 2023
English News
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
    • Rewind
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
  • Rewind
Home | Andhra Pradesh | Ap Allotment Of 130 Acres To Adani Group Criticised

AP: Allotment of 130 acres to Adani group criticised

Former Secretary to the union Government, EAS Sarma, has termed as objectionable the allotment of 130 acres of land to Adani group for setting up a Data Analytics Centre in Visakhapatnam

By Telangana Today
Published Date - 06:47 PM, Tue - 3 January 23
AP: Allotment of 130 acres to Adani group criticised
Former Secretary to the union Government, EAS Sarma, has termed as objectionable the allotment of 130 acres of land to Adani group for setting up a Data Analytics Centre in Visakhapatnam

Visakhapatnam: Former Secretary to the union Government, EAS Sarma, has termed as objectionable the allotment of 130 acres of land to Adani group for setting up a Data Analytics Centre in Madhurawada in the city, and felt that the decision taken by the government should be subject to enquiry by a judicial commission as the public interest implications of the decisions are far reaching.

Observing that the market prices of lands in Madhurawada have been skyrocketing these days and, even on a conservative basis, the value of the 130 acre land given to the Adani Group would exceed Rs 4000 crore, he expressed hope that the State government would hold the enquiry to establish its credibility in the eyes of the public.

    Also Read

  • Hostile takeover: Cong on Adani group’s buying of stake in NDTV

“As per the Land Use Policy notified by the State Government, the lease rental per year for land leased out to private agencies for a public purpose should not be less than 10 per cent of its market value. On this basis, the lease rental for the Madhurawada land cannot be less than Rs 400 crore per year, whereas the AP government seems to have given away the land to the private group for Rs 130 crore in all. This implies that the State government has decided to pass on a huge unauthorised benefit to the Adani Group at the cost of the public exchequer. This is highly objectionable,” he pointed out.

Noting that the allotment of land to the Adani Group is not an isolated instance of the State’s undue munificence to the group, Dr. Sarma recalled that in the recent past, the State government had sold its strategic 10.5% equity share in the Gangavaram Port to the Adani Group in a non-transparent manner, in violation of the disinvestment guidelines approved by the Government of India, by not adopting an open, transparent bidding procedure. “It not only meant a loss to the public exchequer but it also paved the way to the group to strengthen its claim to buy the Visakhapatnam Steel Plant for a pittance, following the Centre’s imprudent move to privatise it. The State government has apparently joined hands with the Centre in the latter’s highly objectionable move to privatise the port. Considering that privatisation of the steel plant has widespread sentimental implications for the people of the northern Andhra region, it implies that the State, in collusion with the Centre, has deliberately chosen to act against the interests of the people of the northern parts of AP,” he alleged.

Besides, although the State government is the ultimate owner of the Krishnapatnam Port and has a heavy stake in it, it unilaterally allowed the Adani Group to acquire 100% share in that port, without due consideration of such acquisition having adverse implications for the State, he pointed out. “Almost at the same time, there are rumours that the State government would also hand over the operation and maintenance of the government-owned Damodaram Sanjeevaiah Thermal Power Station to the Adani Group, though in terms of technical experience and expertise, the experience and capability of the Adani Group pales into insignificance, compared to APGENCO, the public sector undertaking, rated among the best in the country. Involving a private agency in running the Damodaram Sanjeevaiah Thermal Power Plant would also imply disrespecting the legacy of the former Chief Minister of the State, after whom the plant had been named by your predecessors,” he stated.

  • Follow Us :
  • Tags
  • Adani Group
  • Visakhapatnam

Related News

  • AP: Araku train cancelled due to derailment of goods train

    AP: Araku train cancelled due to derailment of goods train

  • AP: Privatisation of Mudasarlova opposed

    AP: Privatisation of Mudasarlova opposed

  • Opposition demands JPC probe into Hindenburg report on Adani

    Opposition demands JPC probe into Hindenburg report on Adani

  • Vizag to host international meets in March

    Vizag to host international meets in March

  • AP: Action sought against erring pharma companies

    AP: Action sought against erring pharma companies

  • ‘Vizag to function as executive capital before April’

    ‘Vizag to function as executive capital before April’

Latest News

  • Thailand Masters 2023: Sai Praneeth advances to quarters

    4 mins ago
  • Telangana: Airports at Warangal, Adilabad, Jakranpally under consideration

    19 mins ago
  • Bail conditions may be relaxed if bonds not produced in a month, SC to courts

    34 mins ago
  • Tryon smashes Indian bowlers as South Africa win Tri-Series final by five wickets

    49 mins ago
  • Chandrababu urges PM Modi to order probe into phone tapping

    1 hour ago
  • Telangana govt approves IT tower at Adilabad

    2 hours ago
  • Telangana: MHSRB to hold certificate verification for Asst Professors posts from Feb 7

    2 hours ago
  • Central funding to Telangana lowest among all States under Jal Jeevan Mission

    2 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam