• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• The Hindu ePaper
• Business Line
• Business Line ePaper
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Mony K. Mathew

In order to ensure availability of land for later expansions, developers will be allowed a `call option' on buying adjacent land in future by remitting an annual premium to the Government for a fixed period of years. `Land bank' to be set up for industrial growth

Thiruvananthapuram , Nov. 30

The State Government proposes to float a company to acquire land at strategic locations for the purpose of industrial development in the State in coming years.

The plots of land thus acquired will be kept as `land bank' and given out for industrial and infrastructure development as and when required.

MAJOR CONCERN

The task of finding suitable land for industrial and commercial uses is one of the major concerns contained in the draft industrial policy prepared by the Industries Department.

It has suggested various means to ensure that non-availability of land does not come in the way of continuous industrial development in the State.

EQUITY PARTICIPATION

It has been proposed that the landowners may be allowed equity participation while leasing out land for development projects. The Government will evolve a fast-track mechanism for acquisition of land and its utilisation through public- private partnerships.

In order to ensure availability of land for later expansions, developers will be allowed a `call option' on buying adjacent land in future by remitting an annual premium to the Government for a fixed period of years.

INDUSTRIAL PARKS

The existing industries will be allowed to convert their land into industrial parks or estates, provided they have been in production at least for five years.

Those industries, which commenced production but were closed down due to court order or government order or declared sick by BIFR, will also be allowed conversion into parks or estates.

DRAFT POLICY

The draft policy lays emphasis on the importance of private funding in infrastructure development in the State.

In line with this, the Government will promote public-private partnership in such projects and the private sector company will be selected through a transparent and open bidding process.

More Stories on : Infrastructure | Real Estate & Construction | Kerala

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Manufacturing, services fuel 9.2 pc growth in Q2

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line