Assam approves land and space lease management policy 2024
ECONOMY & POLICY

Assam approves land and space lease management policy 2024

To promote Assam as a preferred destination for IT parks and Electronics Manufacturing Clusters (EMCs), the Assam cabinet has approved the Land and Space Lease Management Policy, 2024. Chief Minister Himanta Biswa Sarma mentioned that this policy aims to enhance Assam's appeal as a prime location for establishing manufacturing bases in Electronics and Information Technology. The state cabinet's approval of the Land and Space Lease Management Policy, 2024, is a significant step in this direction.

The Chief Minister explained that the policy would provide investors and potential investors with a clear framework for occupying land or built-up space at IT Parks and EMCs in Assam. It will apply to all lands and built-up spaces managed by the Assam Electronics Development Corporation Limited (AMTRON), which have been made available by the Government of Assam.

The policy is also expected to support Tech City projects, potentially generating 8,000 direct jobs and over 100,000 indirect employment opportunities. Additionally, the state cabinet has accepted the recommendations of the Cabinet Sub-Committees to address the challenges faced by small traders due to notices issued by the Office of the Commissioner of Taxes regarding GST-related matters.

Previously, the Assam government had established these Cabinet Sub-Committees to examine the issue, with the committees visiting various locations across the state to meet with traders and other stakeholders. Based on their findings, the cabinet has directed that 10,484 cases from 2017-18 and 15,529 cases from 2018-19, which involved questionable algorithms and parameters, be considered for suo motu rectification under Section 161 of the Assam GST Act, 2017. This process is to be completed on a case-by-case basis within three months, in accordance with GST law.

For cases from 2019-20, 2020-21, and 2021-22, notices generated using Big Data Analytics Software (BDAS) will be addressed according to new SOP guidelines, with a threshold of Rs 5 lakh for notices issued with BDAS assistance. The aim is to resolve these issues within a three-month period, ensuring no harassment of taxpayers or traders while maintaining compliance with the GST framework.

To promote Assam as a preferred destination for IT parks and Electronics Manufacturing Clusters (EMCs), the Assam cabinet has approved the Land and Space Lease Management Policy, 2024. Chief Minister Himanta Biswa Sarma mentioned that this policy aims to enhance Assam's appeal as a prime location for establishing manufacturing bases in Electronics and Information Technology. The state cabinet's approval of the Land and Space Lease Management Policy, 2024, is a significant step in this direction. The Chief Minister explained that the policy would provide investors and potential investors with a clear framework for occupying land or built-up space at IT Parks and EMCs in Assam. It will apply to all lands and built-up spaces managed by the Assam Electronics Development Corporation Limited (AMTRON), which have been made available by the Government of Assam. The policy is also expected to support Tech City projects, potentially generating 8,000 direct jobs and over 100,000 indirect employment opportunities. Additionally, the state cabinet has accepted the recommendations of the Cabinet Sub-Committees to address the challenges faced by small traders due to notices issued by the Office of the Commissioner of Taxes regarding GST-related matters. Previously, the Assam government had established these Cabinet Sub-Committees to examine the issue, with the committees visiting various locations across the state to meet with traders and other stakeholders. Based on their findings, the cabinet has directed that 10,484 cases from 2017-18 and 15,529 cases from 2018-19, which involved questionable algorithms and parameters, be considered for suo motu rectification under Section 161 of the Assam GST Act, 2017. This process is to be completed on a case-by-case basis within three months, in accordance with GST law. For cases from 2019-20, 2020-21, and 2021-22, notices generated using Big Data Analytics Software (BDAS) will be addressed according to new SOP guidelines, with a threshold of Rs 5 lakh for notices issued with BDAS assistance. The aim is to resolve these issues within a three-month period, ensuring no harassment of taxpayers or traders while maintaining compliance with the GST framework.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?