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Policy

New Industrial Policy

Document type
Policy
Dated
Category
Policy

Policy of land allotment.

  • The Government shall allot land on long lease of 90 years in the industrial estates and developed areas on first come first served basis. In case of large area requirements, land may be acquired in areas selected by the entrepreneur, and allotted on lease to the promoter. The amount of premium is already subsidised. However, further capital subsidy of 50% shall be availaable at the time of availment of term loan for construction work. The plot allotted in the industrial estates shall be transferable subject to some stipulations and on the condition that the end use of the land shall not be changed from industryto any other purpose.

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