Home / Knowledge / News / Textiles / Kochi Metro project to forcibly acquire land from Seematti
Kochi Metro project to forcibly acquire land from Seematti
17
Mar '15
After failure of talks, Kochi Metro Rail Limited (KMRL) had decided to acquire 32 cents of land located at the end of MG Road in Kochi, Kerala which belongs to the textile store, Seematti.

After months of negotiations and failure to reach a deal, KMRL had decided to acquire the land under provisions of the Land Acquisition Act for the metro rail project.

KMRL took this decision after a meeting between its managing director Elias George, and promoter of Seematti, Beena Kannan, failed to arrive at a consensus.

In a statement, KMRL said proposals put forth by Seematti were not agreeable to it and hence the decision to acquire the land under the Act was taken.

KMRL had put forth a proposal of providing free space under the pillars of the metro rail as compensation in lieu of the land that Seematti surrenders, which was however rejected by the textile group.

KMRL is of the opinion that the proposal to offer the parking space is reasonable, since the textile shop will be allocated reasonable space against the land that they surrender. (AR)

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Smita Murarka
Amanté

‘There is huge demand in the Indian lingerie market for non-wired styles.’

Claudia Kersten
Global Organic Textile Standard

‘GOTS is a very efficient supply chain management tool, especially for...

Jurgen Gauger
Spreadshirt

‘Buying crowdsourced or creative designs are much more appealing to the...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search