By ARUN PRATAP SINGH
DEHRADUN, 16 Feb: Under the new State Industry Policy, investors or builders will be able to buy up to two acres of land in the mountains to develop a private industrial sector in Uttarakhand. The Government has approved a new Private Sector Industrial Area Establishment Policy for Uttarakhand with the objective of overcoming the problem of land for new industries, particularly in the hills. Under this policy, investors and builders will be able to buy up to 30 acres of land for developing private industrial estate in the plains.
In order to promote investment in the textile, food, aroma, auto mobile, IT, software technology, aerospace technology, defence sector, film production, medicity, education sectors along with manufacturing industries in the state, the government has approved a new policy for development of private industrial estates. Under this policy, the private builders and investors will now be able to develop mini industrial areas on two acres in the mountains and large industrial areas on 30 acres in the plains. However, under the policy, it has been provisioned that the industrial areas to be developed in the private sector will be developed according to the master plan of SIDCUL.
According to the policy, it will be mandatory for the investors or the builders to allot land to minimum 50 MSME industries in industrial areas of plain areas and five MSME industries in the hill in their estates. A grant of 10 lakh per acre will be given by the government to develop infrastructure in the industrial area. Apart from this, 40 percent of the investment made on the Common Waste Management Plant (CETP) will be given a maximum grant of one crore by the government.
