WB govt set to scrap pact with Vedic

WB govt set to scrap pact with Vedic

Kolkata: The Communist Party of India (Marxist), or CPM, decided on Friday that the state government will scrap an agreement with Vedic Realty Pvt. Ltd to jointly build an information technology (IT) park on the outskirts of Kolkata.

The party took this decision in its West Bengal state secretariat meeting, two state secretariat members said on condition of anonymity.

Vedic Realty was supposed to develop the park in partnership with the state’s IT department and another private real state firm.

Arson on 23 August at the Vedic Village resort, around which the IT park was to be built, blew the lid off forcible land acquisition by the developer. Vedic Realty’s managing director Raj K. Modi was arrested on Saturday.

“We have told Debesh Das (the state’s IT minister) that the agreement should be terminated," said one CPM state secretariat member. A formal announcement is expected soon, he added. The party has also told Das that he should immediately inform Infosys Technologies Ltd and Wipro Ltd, which were promised space in the proposed park, and to assure them that the state government would allot land elsewhere, he said.