Ahmedabad: Looking to balance landowners`
concerns with industry requirements, Gujarat on Wednesday came out
with twin industrial development land policies providing for
compensation at prices 20-30 per cent higher than market rates
and allocation of alternate plots to project-affected people.
As per the first policy, land acquisition for industrial
purposes would be based on market prices determined by a third
agency and will offer slew of other benefits to landowners.
The twin industrial land development policies will be
implemented by the industrial land development arm of the
state government, Gujarat Industrial Development Corporation
"As per the new policy, land will now be acquired from
farmers at market prices determined by a third agency, Centre
for Environment Planning and Technology (CEPT) University,"
State Industry Minister Saurabh Patel said.
"It`s a participatory policy for development of new
estates, where farmers will get over 20-30 per cent above the
market price," Patel said.
"As per the first policy, 10 per cent of the differential
amount between allotment price and land price, recovered by
GIDC from the allottees of land in estates, shall be paid to
them (farmers)," he said.
Farmers will also be given a developed commercial plot
equivalent to 1 per cent of the land acquired, which they can
sell at commercial rates, Patel said.
Another major benefit of this policy is that if his
(farmer) total land is being acquired, then he will get
minimum wages for 750 days, which is equal to Rs 75,000, Patel
"If any member of a landowners` family wants employment,
he will be given training for two years at ITIs at cost of Rs
70,000 that will be borne by GIDC and corporation will ensure
he gets employment in the same estate," Patel said.
Besides, the entire village will receive 3 per cent of
the project revenue for development of public utility services
like hospitals and roads, he said.
As per the second policy announced today, GIDC will work
in tandem with industry associations under a public-private
partnership (PPP) model for developing industrial clusters on
privately purchased land.
"As per the second policy, if industry body after
acquiring at least 100 acres of land approaches GIDC to
develop a cluster, then the government will help them in
infrastructure development in that area," Patel said.
"We will form a special purpose vehicle (50:50) jointly
with the association for project execution, where GIDC will
bear the total cost of infrastructure," he said.
"80 per cent of the revenue coming from plots sold after
development of infrastructure in the estate will go to an
escrow account, which will be recovered with interest by
GIDC," Patel said.