After the recent spate of land-acquisition controversies, heavy industries minister Vilasrao Deshmukh has told the industry to adequately compensate displaced farmers

Concerned over the unrest regarding land acquisition, heavy industries and public enterprises minister Vilasrao Deshmukh on Friday asked the industry to adequately compensate displaced farmers, reports PTI.

"I personally feel that if you acquire land, it should be properly compensated as land is the main source of farmers' bread and butter," Mr Deshmukh said at the National Manufacturing Summit, organised by the Indian Chamber of Commerce at New Delhi.

He said that Parliament is likely to take up amendments to the land-acquisition laws in the budgetary session.

With farmers and political parties agitating over land acquisition in different parts of the country, acquiring land for new investments has become a challenge for industries.

Investment plans of many companies, including the Tata Group, Reliance Industries, Posco and ArcelorMittal, have been affected by land-acquisition problems.

The new policies will focus on giving a fair compensation—determined by market price—to farmers, instead of the government finalising the package.