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Saturday, July 14, 2007

FDI: Farmers' Direct Investment

IT is a township that is attempting to redefine the FDI acronym. It is not about foreign direct investment rather it should be read as ‘Farmers’ Direct Investment’ — making farmers stakeholders instead of getting into conflict with them over land acquisition seems to be the maxim of this model.

That is how Satish Magar, one of the chief promoters of the successful Magarpatta Township Development and Construction Company (MTDCC), wants it to be seen. The Magarpatta model, where farmers pooled their land to promote the Magarpatta City project, is being replicated again in the district.

Magarpatta to be replicated in Nanded

Related Story

"Pune can absorb up to $2-3 billion in Foreign Direct Investment annually"...

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