Rural innovation and entrepreneurship at Magarpatta City

Smita Shukla and Kavita Laghate

International Journal of Indian Culture and Business Management, 2013, vol. 6, issue 1, 47-55

Abstract: 'Magarpatta City' is a unique example of inclusive growth model. 'Magarpatta City' model is very different from other upcoming infrastructure and industrial projects in India that are leading to displacement of thousands of poor farmers/small landowners. The resistance against such projects is rising, as the farmers/land owners have a growing feeling that they are not getting the right price for their land and are being exploited in the process. The negative sentiments against such large-scale development projects are also growing in India as most of the development projects do not propose any long-term plan for the resettlement of displaced farmers. Singur and Nandigram, two small villages located in West Bengal (India), can be considered as recent examples of violent resistance demonstrated by poor farmers against proposed Special Economic Zone projects on their land. In view of the above, 'Magarpatta' is an unmatched example of partnership of farmers which has led to creation of world-class urban project on the basis of an innovative entrepreneurial idea and vision. Under the 'Magarpatta City' model, the farmers have not been displaced and it also has been ensured that farmers continue to benefit from the project for generations to come.

Keywords: economic growth; urbanisation; participation; agriculture; farmers; rural innovation; entrepreneurship; partnerships. (search for similar items in EconPapers)
Date: 2013
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