Should government buy land for industry?

Last week, the clock was turned back to the pre-liberalisation era when the National Advisory Council (NAC) proposed to prevent private companies from buying land directly from land owners where more than 400 families were to be displaced. This is reminiscent of a period when government controlled prices and enjoyed unfettered powers over industry. Ironically, the proposal has come while the country is looking at increased transparency for industry.

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