Land price for industries to go up

Published: 18th October 2012 12:28 PM  |   Last Updated: 18th October 2012 12:28 PM   |  A+A-

Cost of land for setting up industries in the State is likely to go up. The State-level Single Window Clearance Committee (SLSWCC) on Wednesday decided to make it on par with the benchmark price of the area concerned.

 The committee meeting, chaired by Chief Secretary Bijay Kumar Patnaik, decided to make certain changes in the Industrial Policy Resolution (IPR)-2007 for increasing the price of land for setting up industries in the State.

“The State Government is contemplating revision in the concessional rate available to industries according to IPR-2007,’’ Chairman and Managing Director of Industrial Promotion and Investment Corporation of Odisha Limited (IPICOL) G. Mathivathanan told mediapersons after the meeting.

 Stating that the SLSWCC resolved to divide the category of land into urban and rural, Mathivathanan said earlier, according to the IPR-2007, there were four types of land for industrial use _ highly urbanised, rural, semi-urbanised and no-industry area. “The SLSWCC also resolved that companies interested in setting up industries will get land as per the benchmark value instead of getting concession,’’ he said.

 The committee deliberated on giving special concession to the industries interested to set up units linked to social infrastructure projects like power, health and education. The committee also discussed promotion of IT and IT-enabled sector (ITeS) projects.

 “The Chief Secretary has asked IPICOL to study the policies of certain states, including Karnataka, for promotion of IT and ITeS projects in the state,’’ Mathivathanan said.

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