Land Acquisition Continues to be a Stumbling Block for the Growth of Solar Industry in India
, Published On: December 13, 2019
Land is a critical element for infrastructure growth. Be it roads, railways, airports, mining, power, telecom or industrial projects – each require large tracts of land for their establishment and operations. In several developing economies around the world, acquiring this critical component for infrastructure has always been a major challenge. And India, is no different. This challenge can partly be attributed to the agrarian nature of the Indian economy. Loss of livelihoods, amount of compensation offered during the acquisition process and socio-cultural conventions of land ownership create serious hurdles in land acquisition across India, resulting in slow infrastructure development and…
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