Punjab govt approves 'mixed use' industrial parks
Chandigarh, Feb 27 (UNI) In a bid to boost urbanisation and industrialisation in the state, the Punjab Government today approved a standard package of incentives and conditions for large scale upper mega mixed use Integrated Industrial Park Projects.
This decision was taken at a meeting of the state Empowered Committee on mega projects which was presided over by Chief Minister Parkash Singh Badal.
This decision would bring an organised urban growth in the state followed by a massive expansion of the industrial sector. This package would make available industrial spaces for knowledge industries such as IT and biotechnology and attract huge investments through planned development of urban areas.
These mixed use Integrated Industrial Township Projects have been categorized into 'A', 'B' and 'C' categories with 750 acres or more, 500 acres or more and 250 acres or more of land respectively. The projects have been granted exemption from stamp duty and registration charges on first sale / lease of developed area and build up spaces, exemption from Change of Land Use Charges on industrial component of the project and reduction in External Development Charges and License Fee on all components of the project.
Further, reduction in Change of Land Use Charges on residential and commercial components of project has also been granted.
Prominent
amongst
others
who
were
present
in
the
meeting
included
Local
Government
and
Industries
Minister
Manoranjan
Kalia,
Finance
Minister
Manpreet
Singh
Badal,
Chief
Secretary
R
I
Singh,
Principal
Secretary
to
Chief
Minister
D
S
Guru,
Principal
Secretary,
Finance
D
S
Kalha,
Principal
Secretary
Industries
and
Commerce
A
R
Talwar,
Secretary,
Housing
and
Urban
Development
Arun
Goel,
MD
PIDB
S
S
Sandhu,
Special
Principal
Secretary
to
Chief
Minister
Gagandeep
Singh
Brar,
Director
Industries
V
K
Janjua,
and
Additional
Principal
Secretary
to
Chief
Minister
Ajay
Mahajan,
UNI
HS
MS
GC1757