MP govt creates Land Bank for new industrial units

Madhya Pradesh government has created a `Land Bank` for setting up new industrial units in the state by notifying 17,500 hectares of land for the purpose, official sources said on Friday.

Bhopal: Madhya Pradesh government has
created a `Land Bank` for setting up new industrial units in
the state by notifying 17,500 hectares of land for the
purpose, official sources said on Friday.

Out of 17,500 hectares, around 2500 hectares has already
been transferred to the industry department which has created
a land bank for establishing new industrial units, they said.

Setting up of a land bank is part of the state government
initiative to attract industrialists and investment in Madhya
Pradesh, the sources said.

The state government has set up Project Clearance and
Implementation Board, headed by the Chief Secretary for the
speedy clearance of the proposals to set up industrial units
in the state.

So far a total of 17,690.399 hectares of land was
notified in 44 districts for the purpose and the process of
notifying suitable land in the remaining six districts is also
going on.

At present, 2552.88 hectares of land in 15 districts has
been transferred to the industry department.

The process of transferring the remaining notified land
from the revenue department to the industry department is
under process, the sources added.

PTI

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