Kolkata: Railway Minister Mamata Banerjee said on Wednesday that she was prepared to compensate the Tatas for the 1000 acre that had been leased out to them for the now-defunt Nano factory at Singur.
"I will pay for the 1000 acre of land," Banerjee said on Tata Motors' Chairman Ratan Tata's recent statement that the Tatas were prepared to return the land at Singur if it was adequately compensated for the investment made.
Mamata Banerjee said she had already held talks with Finance Minister Pranab Mukherjee and a railway coach factory would come up on 600 acres and the remaining 400 acres would be returned to farmers who had been unwilling to part with it.
She said the Railways would lease out land to private entrepreneurs to set up industries in a joint venture model.
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