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Haryana approves land acquisition policy for SEZs

Written by: Staff
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Chandigarh, May 3 (UNI) The Haryana cabinet today approved the policy regarding acquisition of land up to 25 per cent in the National Capital (NCR) region and Panchkula for private developers in public-private partnership for setting up of Special Economic Zones, Technology Cities, Industrial Parks and Industrial Model Townships.

For the other parts of the state, up to 50 per cent land acquistion would be allowed, an official spokesman said.

The objective of the policy was to generate employment, create investment and to facilitate dispersal of economic activities in the backward areas of the state, he said.

Multi-pronged strategy had been adopted to achieve the mission of creating employment for one million person in the next ten years by adopting simplification of rules and regulations, effective institutional mechanism, development of strong infrastructure and providing incentives and concessions to the industry particularly in the backward areas, he said.

The centre had approved setting up of 28 SEZs for which the state government had enacted Haryana Special Economic Zone Act to facilitate setting up of industries having export commitments, the spokesman said.

These proposals, on implementation ,would create investment of more than Rs one lakh crore in the infrastructure sector. This would also have spin-off effect on investment of several crores in the industrial sector, he added.

UNI MA BP SBJ RK2038

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