nDraft Industrial Land Allotment Policy put in public domain
Food processing, handicraft, solar components kept in priority sector
Mohinder Verma
JAMMU, Dec 6: Union Territory of Ladakh has geared up for creating strong industrial base as Draft Industrial Land Allotment Policy has been put in public domain for inviting comments and suggestions from the stakeholders and the same will be finalized in the month of January next year. With this, Ladakh will carve a place in the national economy and a niche for its products in the national and international markets.
Before the formation of the Union Territory, Ladakh was following Jammu and Kashmir’s Industrial Policy 2016, which provided the basic mechanism of industrial land allotment. However, land remained a limiting factor for the industrial growth in the region.
After bifurcation of erstwhile Jammu and Kashmir State into two Union Territories, Ladakh requires an elaborated Industrial Land Allotment Policy that will provide an effective framework in industrial land allotment system backed by a comprehensive industrial land bank for attracting large industrial investments in the region.
“The Draft Industrial Land Allotment Policy has been formulated with the belief that it will assist the administration in carving a place for Ladakh in the national economy and a niche for its products in the national and international markets”, a senior officer of the Ladakh administration said, adding “we are aiming at creating a strong industrial base and a structured industrial land bank is seen as the central and pivotal support in attainment of the mission of moving the region to higher levels of industrial proficiency, productivity and competitiveness”.
As per the draft, policy is aimed at following fair and transparent mechanism for land allotment for industrial use and ensuring judicious land allotment to the entrepreneurs based on a well reasoned consideration for the wholesome future development of the UT of Ladakh. The policy also envisions achieving inclusive growth and bringing economic prosperity through sustainable industrialization and employment generation.
The policy will remain in operation for 10 years from the date of its notification. However, the policy will be reviewed from time to time based on a critical assessment of feedback from stakeholders and change in scope.
The main objectives of the policy include ensuring optimal and judicious utilization of the land resource by satisfying the developmental needs of various sectors in the region; creating employment opportunities for the unemployed youth and creating new opportunities for sector specific industries; encouraging, promoting and facilitating more investment in enterprises and build a strong, responsive and vibrant business environment in the region.
Further, administration wants to provide facilities to the Industrial Estates in Ladakh such as uninterrupted power supply, water facilities, maintenance of parks/gardens and roads, street lights etc.
For land not exceeding five kanals, there will be premium of Rs 2.50 lakh per kanal while as for land not exceeding eight kanals there will be premium of Rs 3.50 lakh per kanal. For land exceeding eight kanals, there will be premium of Rs 4.50 lakh per kanal while as for land exceeding 20 kanals Rs 6 lakh per kanal premium will be charged.
As per the document, 40%, 10% and 10% of the total land shall be kept reserved for priority sector industries, start-ups and under-privileged section (widows, single mother, specially-abled and third-gender) entrepreneurs respectively.
Food processing/agro based industries, handicraft, handloom and Pashmina, solar components manufacturing units, dairy product processing units, manufacturing and processing of aromatic and medicinal plant, oxygen & nitrogen plants, printing press, flex printing, digital printing, cold storage/control atmosphere and warehousing packaging industries (non polluting), recycling industries (non polluting), manufacturing of pre-fabricated construction material, testing, R&D, analysis and certification services, IT based industries/online services, film/video production and studio based industries have been kept in the priority sector.
There will be three committees for processing allotment of land on the basis of investment in plant and machinery–District Level Single Window Clearance Committee, Departmental Single Window Clearance Committee and State Level Single Window Clearance Committee.
The District Level Single Window Clearance Committee will decide projects with investment in plant and machinery up to Rs 5 crore while as Department Single Window Clearance Committee will decide projects with investment in plant and machinery above Rs 5 crore and up to Rs 20 crore and State Level Single Window Clearance Committee will decide projects with investment of more than Rs 20 crore in plant and machinery.
The land allotment will be made after the Detailed Project Report submitted by the applicant duly prepared and duly appraised is considered by the competent Single Window Clearance Committee and put to draw of lots through a computerised mechanism. The land shall be allotted on lease to a successful applicant initially for a period of 40 years which may be extendable to 99 years.
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