Though the government is keen on the land in the mining area, it does not want to be stuck with BGMLs staggering financial liabilities.

The Centre is willing to hand over BGML to the state, provided it agrees to clear Rs 1,600 crore, which BGML owes to the Mines Ministry.

Karnataka, however, wants the Centre to waive the liability amount in toto.

Speaking to DH, George said that he would travel to New Delhi next month to start the deliberations.

Before that a committee comprising officials from departments including industries, mines, revenue and forest would be constituted to survey the land and submit a preliminary report, he said.

We are keen on the land, as we can develop another industrial hub, just like the Vasanthanarasapur node in Tumakuru.

KGF is ideal for such a project, especially, if we gain ownership of BGML.

The Centre, however, is insisting that we pay off the liability amount of Rs 1,600 crore.

We are however willing to pay a reasonable price for the land.

We want the Centre to clear BGMLs loan and also take care of the worker issues, added George.

Deccan Herald News now on Telegram - Click here to subscribe Bharat Gold Mines Ltd Mines Ministry Industries Minister K J George.

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