Rural development minister Jairam Ramesh on Wednesday said the cost of acquiring land for the industry would rise once the new land acquisition Bill was enacted, but the benefits that the law would bring to the people affected by industrial projects would outweigh its costs.
He said the proposed law which had been sent to a Parliamentary Standing Committee headed by BJP MP Sumitra Mahajan, was aimed at striking a balance between the need of infrastructure creation and giving a better deal to the project affected families.