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