“The high-power committee of the state government formed to ease the problems related to land, faced by the industry, has recommended a series of amendments. The government is considering bills to effect the changes proposed by the committee,” A senior officer aware of the proposals, said.
The suggestion includes, change in the premium rate imposed by the government if a unit is not authorized on land acquired for the industrial purpose, giving permission to hold land even if an industry has not built any unit on it within the stipulated time of 3-10 years, allows non-agriculture certificate in case land is used for other purposes, create single-window clearance for industrial parks instead of demanding NOC from 12 different agencies.
Many industries are facing genuine problems due to multiple regulations, the officer, said.
The officer said, “But there are chances of misuse of these relaxations as there are groups who have accumulated disputed land and want to create land banks for future gain.”
“So, the proposals, instead of serving the government’s purpose of promoting genuine investors, will promote dead investment in land by a few and soar the prices,” he added.