The Modi government gave Indian billionaire Gautam Adani several hundred acres of grazing land to build a port, a power plant and a special economic zone (Adani Port & Special Economic Zone) for as little as one U.S. cent a square meter (the rate maxed out at 45 cents a square meter). He in turn has sublet this land to other companies, including state-owned Indian Oil Co., for as much as $11 a square meter. Between 2005 and 2007 at least 1,200 hectares of grazing land was taken away from villagers.
While the port has become Adani’s cash cow, the company while constructing the area and the SEZ, violated multiple green rules at different points of its mammoth project–destroying mangroves, filling creeks and causing land and water degradation by dumping fly ash.
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