G. Ganapathy Subramaniam: Hello
Radia: Hi, Hi Ganu, Sorry I've just been...
G. Ganapathy Subramaniam: No, no, no, not at all,
Niira Radia: I have even not reached office -- 6: 22, and I am on my way to office now.
G. Ganapathy Subramaniam: My God, alarming! No, no, all I wanted to tell you is that the commerce department has tomorrow called a meeting of all the SEZs, like Kajenra, Navi Mumbai, Maha Mumbai are also a part of it. What they are trying to do is to identify the problems of the .. seeing why they are not getting implemented faster and probably they are also going to say that the state level difficulties etc ... we will try and help in expediting the clearances etc.. Ok, that is one thing that probably, might be ...[inaudible]
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Niira Radia: Hmm very interesting
G. Ganapathy Subramaniam: The other one is that there is information going around that Reliance is pulling out of the Haryana SEZ... that Jhajjar... that there are difficulties
Niira Radia: No no no we are not pulling out, what we have done is we have aquired about a 1000 acres, right? After that the prices went absolutely sky rocketing high — 1 crore, 2 crores an acre. Who wants to pay one crore two crores an acre for land which is not otherwise worth ten lacs an acre or five lacs an acre, right? So the problem is that we have taken a call that it makes the project far too expensive and if the govt wants us to develop SEZs then it has to do something to dealing with the rising price issue. People there... farmers went absolutely ballistic
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G. Ganapathy Subramaniam: You but after the slump, the financial bubble burst, the economic slowdown things have come down...
Niira Radia: No no no even then the price of land ... the sellers are not selling. They are saying we will hold on and we will sell at ... even the ones that have come down have come down to 40, 50, 60 lacs an acre.
G. Ganapathy Subramaniam: So what is the real issue? Cutting down the size of it or what?
Niira Radia: No you will not cut down the size. We will see what the govt does. We are not the only ones in that situation no. Everybody in Haryana today has a problem.
G. Ganapathy Subramaniam: Ok
Niira Radia: It is not an isolation with RIL only. It is to do with Unitech, DLF, TATAs,
G. Ganapathy Subramaniam: Anyways, I will tell my colleagues the need for this issue
Niira Radia: It is an Industry issue.
G. Ganapathy Subramaniam: Ya ya ya some clarification .... from whatever people concerned. I want to send somebody to your people ... whoever you tell me..
Niira Radia: Manoj Warrier
G. Ganapathy Subramaniam: Ok , so then Manoj can reply back then and whatever on record he can say .... and then I will speak to you
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Niira Radia: Ya ya
G. Ganapathy Subramaniam: Then I will speak to you for all the off the record information.
Niira Radia: Correct correct, because this is a very standard issue and we are not the only ones.
G. Ganapathy Subramaniam: As of today, I will tell them to hold on to this and not bother about this and we will send a mail and get your responses and all tomorrow, then I will speak to you and then we will..
Niira Radia: Meeting tomorrow is largely on the behest of the Chief Minister saying that the central government is going to have to formulate a more friendly policy.
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G. Ganapathy Subramaniam: Han han han, Ok
Niira Radia: It cannot be in isolation, naa?
G. Ganapathy Subramaniam: Ya ya ya, I understand that. I think these guys are also now saying that we should come and help people more but at the same time they are saying this that why are they not implementing? We should find those answers, ask them, question them and do that. I think that is that probably they want the feedback from the developers tomorrow.
Niira Radia: Hmmm, hmmm. And they will give them the feedback. And I am sure this feedback will come.
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G. Ganapathy Subramaniam: This I will take care, don’t worry. And now please tell Manoj somebody will send a mail and he can officially give whatever information...
Niira Radia: Ya ya ya, we have an official response. We will do that.
G. Ganapathy Subramaniam: Ok
Niira Radia: So tomorrow Gannu 4:30?
G. Ganapathy Subramaniam: Sure sure I have no problem
Niira Radia: I will keep for 4:30, I have an inauguration at 12:00
G. Ganapathy Subramaniam: Ok
Niira Radia: And then I’d be back at office at about 2:30, 3:00. So just in case there is an hour’s delay or something 4:00, 4:30 would be absolutely perfect
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G. Ganapathy Subramaniam: Ok, I am fine.
Niira Radia: Even 4 o'clock is fine, yeah?
Transcription by Saadut, checked by OL
