BHUBANESWAR: As part of its efforts to offer land to investors without hassle, the state government has reserved more than 59,718 acres in various districts below the land bank venture. Of this, more than four,844.550 acres has been effectively transferred to various investors via December 25, an respectable source said.
The idea of the land bank was hatched in November 2015, after several big price tag gamers like Arcelor Mittal and Posco pulled out of Odisha on account of steep native resistance towards land acquisition.
The government has set a target to reserve 1.2 acres of land below its bank. Under the land bank venture, the state government will acquire unused government land. Land below class A shall be reserved below the Odisha Industrial Infrastructure Development Corporation (Idco) - the state's nodal company for land acqisition, the district administration will own land below class B.
"Land is the biggest bottleneck as far as new industrial projects are concerned. A land bank follows a plug-and-play kind of model where investors don't need to struggle to get land, water and road," chairman-cum-managing director of Idco, Sanjay Singh advised TOI.
The investors can acquire land via paying a top class quantity and rent for the rent duration of 90 years on an annual foundation, an respectable source said.
With the creation of the land bank, the state government has also shifted its focus from non-mineral based industries to job-oriented industries. The strategy of setting up mineral-based industries sees constant native protest as a result of they need large patches of land and water. These industries also generate fewer jobs than the non-mineral based ones. "Since our focus is to create more jobs, we are paying more attention to non-mineral based industries," said an business division respectable.
Under the Vision 2025, the state government has set a target to draw new investment worth Rs 2.five lakh crore and to generate 30 lakh jobs in the focal point sectors. In some other main step in opposition to ease of doing business, the state government has also launched GO-SWIFT, a single widow portal that facilitates online approval for 32 products and services from 15 state government departments.
To attract investors via showcasing the state's investment ecosystem, the state industries division has been organizing business interfaces and investors meets in various cities of the country. As the state government heads to host the second edition of the Make in Odisha conclave in November of 2018, the state government has introduced to carry investor outreach activities in New Delhi, Kolkata, Hyderabad, Mumbai and Pune.
Ramesh Mahapatra, president of the Utkal Chamber of Commerce and Industry Limited said the land bank is a welcome step. "The purpose behind creating the land bank is not to go for land acquisition, which is a complicated process." he added.
The idea of the land bank was hatched in November 2015, after several big price tag gamers like Arcelor Mittal and Posco pulled out of Odisha on account of steep native resistance towards land acquisition.
The government has set a target to reserve 1.2 acres of land below its bank. Under the land bank venture, the state government will acquire unused government land. Land below class A shall be reserved below the Odisha Industrial Infrastructure Development Corporation (Idco) - the state's nodal company for land acqisition, the district administration will own land below class B.
"Land is the biggest bottleneck as far as new industrial projects are concerned. A land bank follows a plug-and-play kind of model where investors don't need to struggle to get land, water and road," chairman-cum-managing director of Idco, Sanjay Singh advised TOI.
The investors can acquire land via paying a top class quantity and rent for the rent duration of 90 years on an annual foundation, an respectable source said.
With the creation of the land bank, the state government has also shifted its focus from non-mineral based industries to job-oriented industries. The strategy of setting up mineral-based industries sees constant native protest as a result of they need large patches of land and water. These industries also generate fewer jobs than the non-mineral based ones. "Since our focus is to create more jobs, we are paying more attention to non-mineral based industries," said an business division respectable.
Under the Vision 2025, the state government has set a target to draw new investment worth Rs 2.five lakh crore and to generate 30 lakh jobs in the focal point sectors. In some other main step in opposition to ease of doing business, the state government has also launched GO-SWIFT, a single widow portal that facilitates online approval for 32 products and services from 15 state government departments.
To attract investors via showcasing the state's investment ecosystem, the state industries division has been organizing business interfaces and investors meets in various cities of the country. As the state government heads to host the second edition of the Make in Odisha conclave in November of 2018, the state government has introduced to carry investor outreach activities in New Delhi, Kolkata, Hyderabad, Mumbai and Pune.
Ramesh Mahapatra, president of the Utkal Chamber of Commerce and Industry Limited said the land bank is a welcome step. "The purpose behind creating the land bank is not to go for land acquisition, which is a complicated process." he added.
Odisha government sets aside 59,000 acre as land bank for industrial use
![Odisha government sets aside 59,000 acre as land bank for industrial use]()
Reviewed by Kailash
on
December 31, 2017
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