The Lok Sabha on Tuesday passed the Land Acquisition Bill as govt incorporated nine amendments to the ordinance.
Ordinances will focus on speeding up development in five areas: development of industrial corridors, social infrastructure such as education, rural infrastructure such as roads and power, housing for the poor, and the country’s defense capabilities.
The ordinance makes land acquisition easier in these areas by exempting them from several provisions of current law, Mr. Jaitley said. For instance, such projects now won’t need the consent of 80% of landowners during acquisition, as is the requirement in other sectors.
In recent years, foreign companies have faced troubles in acquiring land for projects, prompting some to cut back their investments. In 2013, ArcelorMittal, the world’s largest steelmaker, dropped its plan to build a plant in the eastern Indian state of Orissa, citing delays in acquiring land as a main reason.