1. Agra Theme Park Project: Yogi Adityanath government warns actor Sanjay Khan’s firm to clear Rs 600 cr in dues

Agra Theme Park Project: Yogi Adityanath government warns actor Sanjay Khan’s firm to clear Rs 600 cr in dues

Uttar Pradesh government has recently asked veteran actor Sanjay Khan's company to deposit a sum of Rs 600 crore for the government land it had acquired and has also asked teh firm to update it on when the work will begin on the plot.

By: | Published: June 6, 2017 2:56 PM
Agra Theme Park Project, Yogi Adityanath, Yogi Adityanath government, Sanjay Khan, Kingdom Entertainment Private Limited, UPSIDC, Satish Mahana, land acquisition, Akhilesh Yadav, Akhilesh Yadav government, Satish Mahana, Khan’s company Kingdom Entertainment Private Limited was given the tender by Akhilesh Yadav-led government’s ambitious Agra Theme Park project which has still not been started. (Image: PTI)

Chief Mnister Yogi Adityanath-led Uttar Pradesh government has recently asked veteran actor Sanjay Khan’s company to deposit a sum of Rs 600 crore for the government land it had acquired and has also asked teh firm to update it on when the work will begin on the plot. As per a report by Indian Express, Khan’s company Kingdom Entertainment Private Limited was given the tender by Akhilesh Yadav-led government’s ambitious Agra Theme Park project which has still not been started. In May, 2016, the actor’s company had signed an MoU with the UP State Industrial Development Corporation (UPSIDC) in regard to the project at an overall estimated cost of Rs 10,000 cr.

Speaking about the same, Satish Mahana, Infrastructure and Industrial Development Minister told Indian Express, “It has been over a year since the MoU was signed but no work has started on the ground. The company has not even made any payment for land acquisition. We have served it a notice, asking it to either inform us about its future plans or we will cancel its contract.”

Mahana also informed that his department has found out 100 such companies which were given concessions by the then UP government but have failed to start work on the ground. “Around 100 big and small units have been served notices to explain lack of work or slow speed of work. This theme park of Sanjay Khan is one of them,” said Mahana.

“We want industrialisation but it is wrong that some people have taken concessions but failed to start work. We are reviewing all such projects so deserving units can be given opportunity,” he added further.

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Getting into the details of the matter, KK Yadav, Regional Manager of Agra UPSIDC told Indian Express: “UPSIDC had acquired about 990 acres in 2015. According to the MoU, the developer is supposed to pay for 80 per cent of the land, which along with interest, comes to about Rs 600 crore. Thus, the developer has been asked to explain the status of the project and make the payment. Else, some other developer will be given the project.”

The report also stated that before the Adityanath government took charge in the state, CM Akhilesh Yadav has allowed a six-month extension to Khan’s company to pay for the land acquisition. The six month period will reportedly end in November, this year. Initially, the proposal to build the theme park was planned in 2013. The then UP government, in August 2014, signed an initial MoU with Khan’s company to form a special purpose vehicle for setting up the theme park.

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