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Non KMC Markets Divided Over Private InvestmentBy siddharth22, Section Kolkata Municipal Corporation
IT seems that non-corporation markets in the city need a boost from the private investment sector to kick off developmental work. Even though they are not under the Kolkata Municipal Corporation (KMC), the civic body is keen to play the role of an intermediary in arranging private investment for the development of these markets.
"The KMC is not in a position to help with development work in these markets," said Mayor Bikash Ranjan Bhattacharya. "Private investment will be a boon and we will be happy to arrange an investor for these private markets," added the mayor. Apart from the 24 corporation markets, there are 150 licensed and non-licensed private markets all over the city. A source in the market department of the civic body revealed that Reliance, backed by the civic body, has shown interest in possessing the private Chattu Babur Bazar in north Kolkata. The same was heard from shopkeepers of the concerned market. A section of shopkeepers also said a deal was struck between Reliance and board of trustees. But owing to legal complexities regarding the land on which the market is situated, the deal has not been finalised yet. The corporate house approached Sudip Deb, one of the five members of the trustee board in mid-September, said Pankaj Ghosh of the Chattu Babur Bazar. "The market can be re vamped only with the involvement of private parties. We are not in a position to fund the entire renovation works," said Sudip Deb. But he remained tight-lipped about the privatisation of Chattu Babur Bazar, which was constructed in 1881 and is his ancestral property. Presently, a fivemember trustee board is in charge of maintaining the market.
"We want the market to be renovated. But at the same time we will protest against the entry of any corporate house. There are about 600 shops in this age old market," said Pankaj Ghosh, a representative of the Chattu Babur Bazar market committee. A meeting has been called on November 3 to discuss the issue of private investment for development works.
On January 23, 2007 a 13year-old girl died after a chunk of the dilapidated roof fell on her. Thirty others were also seriously injured in the incident. The market is home to more than 550 shops. But neither the trustees nor the KMC is interested in carrying out renovation work in the market. The civic body stuck an "endangered" notice at the market premises and its duty ended with that. The state of Hathibagan Market and Jogu Babur Bazar is equally bad and with very little funds available, developmental activities cannot be initiated in the markets. Trees have sprouted from cracks in the walls of both markets and their dilapidated state is a cause of worry for thousands of shopkeepers. Source:The Indian Express,02-11-07
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