Uttar Pradesh Chief Minister Mayawati was understood to have directed officials to speed up the acquisition and transfer of 600 acres of land required for the Rs 10 billion project to be funded and undertaken by the global Maitryi Group. Provision of land is UP government's share in the project.

The project involves installation of a 152-metre-tall bronze statue of Lord Buddha along with a giant meditation centre, an international university, a state-of-art world-class hospital and a museum. The project also envisages an entertainment complex in the neighbourhood that would include an amusement park and a five-star hotel.

Of the 600 acres required for the project, we need to acquire only about 300 acres while the rest is government land. The government had already started the acquisition process.

The whole project would not involve any major displacement of people and not more than 70-80 farmers would be involved. We have worked out a handsome rehabilitation package for the farmers who would get displaced on account of the project,” Misra told IANS.

Significantly, the project was initiated during the previous tenure of Chief Minister Mayawati in 2003, after which it was put on the backburner during the Mulayam Singh Yadav regime.