|
|
|
J&K approves industrial land allotment policy
|
|
|
|
Top Stories |
|
|
|
|
SME Times News Bureau | 22 Jan, 2021
The Administrative Council (AC), which met here under
the chairmanship of J&K Lieutenant Governor Manoj Sinha, approved
the adoption of Jammu and Kashmir Industrial Land Allotment Policy
2021-30 to evolve a highly structured industrial land bank for promoting
equitable industrial growth in Jammu and Kashmir, a government
statement said on Friday.
The new policy attempts to address
various land-related issues impeding industrial development in J&K
by laying down a framework to regulate zoning of industrial areas,
project appraisal and evaluation, and the subsequent process flow.
The
new policy proposes zoning of industrial areas at block/ municipality
level after taking into consideration various factors including the
existing level of industrial development, location of the proposed zone,
and level of urbanization.
The Jammu and Kashmir Industrial Land
Allotment Policy, 2021-30 will also cover land allotment for health
institutions/medi-cities and educational institutions/edu-cities.
The
policy provides for constitution of Divisional Level Project Appraisal
and Evaluation Committees to scrutinize applications received for
allotment of industrial land within 30 days; Apex Level Land Allotment
Committee, High Level Land Allotment Committee and Divisional Level Land
Allotment Committee to decide and allot industrial land to the
applicant within 45 days in cases of projects worth Rs. 200 crore, Rs.
50-200 crore and up to Rs. 50 crore, respectively.
Under the
policy, land will be allotted to the investors on lease for an initial
period of 40 years, extendable to 99 years. The allotted land will be
liable to be cancelled in case of failure of the investor to take
effective steps within the stipulated time of two years, failure of the
industrial unit to come into production within three years, violation of
provisions under the lease deed, and non-cooperation of an enterprise
for a period of five years.
Further, the policy also provides
renting out of 60 per cent of the built-up area of a business enterprise
for setting up an ancillary industrial enterprise through a tripartite
agreement.
The policy aims at achieving inclusive growth through
sustainable industrialisation and employment generation, and includes
provisions for evolving a fair and transparent mechanism for land
allotment for industrial use.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|