Tuesday, July 8, 2008

New Policy Holds 25pc Land For Small Industry - July 8, 2008

The new land allotment policy for the industrial development in Uttarakhand has conceived of special focus on the marginal and small industries. Under this policy, 25 per cent of the obtainable land in any particular area will now be reserved for marginal and small industries. Besides this, 25 percent of the available land will also be reserved for industries, which can promote special industrial products and give drive to the scientific entrepreneurship and technology development of the backward areas. Remaining 50 per cent of the land will be allotted via selective lottery system with certain clauses.

The approving authority for the land allotment will be a board headed by the industries minister. The new policy was formulated as a significant chunk of land is still available at the key Haridwar, Pantnagar and other industrial areas, which are being developed by the State Industrial and Infrastructure Development Corporation of Uttarakhand Ltd (SIDCUL).

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