EXEMPTION FROM LAND REFORMS ACT IN CASE OF MORE THAN 15 ACRES

The Cabinet approved the Private Industrial Estate Scheme

Trivandrum : Cabinet approved guidelines for setting up private industrial parks and estates. Private Industrial Estates 2022 for setting up estates on land exceeding five acres has been approved. Exemption under the Land Reforms Act will be granted to estates of more than 15 acres for public purpose. It has also been decided to allocate Rs 3 crores for parks. Private industrial estates are sanctioned to attract more entrepreneurs to start industries. It will be the estate owner who gives the land and makes the contract. The government will provide infrastructure. Industries of similar nature will tend to start at the same center. There will be government intervention including ensuring the availability of raw materials. Provisions are also in place to speed up the process of issuing licenses to enterprises. The government has already received around fifteen applications for private industrial parks.

                                            INPUTS BY – ANJANA Y U ON 20 FEBRUARY 2023