Govt facilitates mapping of 5.6 lakh hectares of land on IILB portal
Real Estate

Govt facilitates mapping of 5.6 lakh hectares of land on IILB portal

The department for promotion industry and internal trade (DPIIT) has expedited the mapping of 5.6 lakh hectares on the India Industrial Land Bank (IILB) portal.

DPIIT gives GIS-enabled data of industrial regions to let investors choose land located in different states to establish projects from home.

As per the DPIIT presentation, the land is spread over 4,363 industrial parks, estates and special economic zones (SEZs) in 19 states and Union territories. By December 2021, the department plans to merge each state with the IILB portal.

On the other hand, the government of PM Modi tries to tweak land acquisition rules by an ordinance in 2014.

However, in recent years, setting up land banks would complement its works to emit inflexibility in labour laws to increase production and allure foreign investors among developing anti-China sentiments worldwide.

By the IILB, investors would be able to locate the land and even have access to plenty of details like land, logistics, rail and air connectivity, drainage system, power supply, and raw materials. So, they would be informed about the decisions about any industrial belt.

India faces a countless number of rules and regulations, which is one of the biggest barriers to develop as a major industrial nation. In the past, land acquisition has also resulted in large-scale objections against a Tata Motors plant in Singur (both are in West Bengal), SEZ in Nandigram, and bauxite mining proposal of Vedanta in Niyamgiri, Odisha.

Direct acquisition remains a significant challenge, and even more for private firms since land ownership in vast swathes of India is disorganised.

Therefore, the land becomes a necessary initiative of the government, as it plans to undertake structural changes in factors of generation to reverse a Covid-induced slump in growth.

Image Source


Also read: Andhra govt starts integrated land survey under land protection scheme

The department for promotion industry and internal trade (DPIIT) has expedited the mapping of 5.6 lakh hectares on the India Industrial Land Bank (IILB) portal. DPIIT gives GIS-enabled data of industrial regions to let investors choose land located in different states to establish projects from home. As per the DPIIT presentation, the land is spread over 4,363 industrial parks, estates and special economic zones (SEZs) in 19 states and Union territories. By December 2021, the department plans to merge each state with the IILB portal. On the other hand, the government of PM Modi tries to tweak land acquisition rules by an ordinance in 2014. However, in recent years, setting up land banks would complement its works to emit inflexibility in labour laws to increase production and allure foreign investors among developing anti-China sentiments worldwide. By the IILB, investors would be able to locate the land and even have access to plenty of details like land, logistics, rail and air connectivity, drainage system, power supply, and raw materials. So, they would be informed about the decisions about any industrial belt. India faces a countless number of rules and regulations, which is one of the biggest barriers to develop as a major industrial nation. In the past, land acquisition has also resulted in large-scale objections against a Tata Motors plant in Singur (both are in West Bengal), SEZ in Nandigram, and bauxite mining proposal of Vedanta in Niyamgiri, Odisha. Direct acquisition remains a significant challenge, and even more for private firms since land ownership in vast swathes of India is disorganised. Therefore, the land becomes a necessary initiative of the government, as it plans to undertake structural changes in factors of generation to reverse a Covid-induced slump in growth. Image Source Also read: Andhra govt starts integrated land survey under land protection scheme

Next Story
Infrastructure Energy

Arunachal Pradesh Inaugurates First Commercial Coal Mine at Namchik-Namphuk

Union Coal & Mines Minister G Kishan Reddy and Arunachal Pradesh Chief Minister Pema Khandu inaugurated the Namchik-Namphuk coal mine in Changlang district on Monday, marking the state’s first commercial coal mining project.The ceremony included a ‘bhumi pujan’, a tree plantation drive, and the handover of the mining lease along with the flagging off of tools and machinery by Coal Projects (CPPL), officially commencing mining operations.Addressing the gathering, Minister Reddy called the launch “a symbol of new hope and a significant step towards energy security and regional develo..

Next Story
Infrastructure Energy

Panel to Monitor Rs 59.40 Bn Jharia Coalfield Fire Master Plan

A committee will be formed to oversee the implementation of the Rs 59.40-billion revised master plan addressing the Jharia coalfield fire in Jharkhand and the rehabilitation of affected families.Coal Secretary Vikram Dev Dutt has written to the Jharkhand government, stating that the monitoring committee, co-chaired by the Secretary (Coal) and the Chief Secretary, Jharkhand, will meet regularly to track the progress of the revised Jharia Master Plan (JMP).News source: PTI ..

Next Story
Infrastructure Urban

Vedanta to Invest Rs 132.26 Bn to Boost Aluminium Capacity to 3.1 MTPA

Vedanta, led by Anil Agarwal, plans to invest Rs 132.26 billion to increase its aluminium production capacity from 2.4 MTPA to 3.1 MTPA by FY28, sources said. The expansion is a key part of Vedanta’s growth strategy, positioning aluminium at the centre of the company’s roadmap.The aluminium capacity is expected to reach 2.75 MTPA by FY26 before scaling to 3.1 MTPA by FY28. BALCO, in which Vedanta holds a majority stake, is also set to join the one million tonne production club.Aluminium, the world’s second-most consumed metal after steel, is critical for electric mobility, renewable ener..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?