Tuesday February 20, 2018
Home India To woo indust...

To woo industry, Punjab offers pre-cleared ‘land banks’

0
//
31
Republish
Reprint

Industry_growing_in_Punjab_says_Deputy_CM_Sukhbir_Singh_Badal

By NewsGram Staff Writer

To push the state’s industrialization, at a time when acquisition of land for industry has become a politically hot issue, Punjab has created banks of pre-cleared real estate supplanted with requisite power supply.

Speaking at an investors meet here on Friday, Punjab Deputy Chief Minister Sukhbir Singh Badal said, “Punjab is the only state which is offering pre-cleared land banks which are ready to be given for setting up of industries.”

“Land banks have already secured all the necessary regulatory clearances relating to environment and adequate supply of electricity”, Badal added.

“Currently, we have around 300 hectares of land bank. This will go up to 2,000 hectares. Investors can come to our state and choose the type of land they are interested in and we will do the needful”, Badal further said.

The deputy chief minister said that the state has surplus electricity for energy intensive industries, and added that in recent years, the state has sought to move away from conventional coal-based thermal power to solar energy.

The state government officials also said they would facilitate investors through Punjab Investor office.

“The unified regulator is a unique department. It is designed to act as a single window for regulatory and other clearances,” said Punjab Investor office’s chief executive Anirudh Tewari.

“The time taken for all the required clearances has gone down to 38 days. Our target is to complete this in no more than 30 days,” Tewari, who has the power to oversee as many as 30 departments, told IANS.

Badal elaborated that the one-year-old ‘unified regulator’ department has been so successful that Prime Minister Narendra Modi had sent a team to examine the system.

In the last one year the state’s unified regulator has sealed investments worth Rs.15,000 crore by clearing 163 projects.

Apart from land banks and surplus electricity, the state is also offering 90 percent exemption in value added tax (VAT) payment. It has also allowed factory owners to submit self-declaration of taxes.

“One month from now, no inspector of any department would be allowed to enter any factory premises in the state. We want to do away with any harassment,” Badal pointed out.

(With inputs from IANS)

Click here for reuse options!
Copyright 2015 NewsGram

Next Story

All You Need To Know About The Rafale Deal Controversy

The fiasco that Congress is creating on the Rafale Deal is certainly not fair

0
//
18
Rafale Deal is very important for both the countries involved i.e. India and France.
Rafale Deal is very important for both the countries involved i.e. India and France.

By Ruchika Verma 

  • Rafale Deal happened between India and France
  • The Rafale Deal is about the Rafale fighter jets
  • The deal is getting into controversies because of the allegations de by the opposition, especially Congress

Prime Minister Narendra Modi in April 2015 made the announcement that India will buy 36 French-manufactured Rafale fighter jets from Dassault, a French aircraft builder and integrator. This came to be known as Rafale Deal.

The Rafale deal of 36 Rafale aircrafts between India and France was called a “win-win partnership” for both the countries.

Prime Minister Narendra Modi finalised the Rafale Deal during his visit to France in 2015. (FILE PHOTO)
Prime Minister Narendra Modi finalised the Rafale Deal during his visit to France in 2015. (FILE PHOTO)

But recently it has come under attack of the Opposition, mainly the Indian National Congress, which has alleged that there have been irregularities in this deal and its proceedings. However, the government has denied and rejected all the charges.

The Rafale Deal is nothing new and was also signed during the time of UPA government. The first time it came to light was during the government of Atal Bihari Vajpayee where the original proposal was to buy 126 fighter jets.

After tests and negotiations in 2012, Rafale was considered L-1 bidder and negotiations started which only came to a conclusion as the Rafale Deal in 2015 under Prime Minister Modi’s government.

NDA government has got a better price on the Rafale Deal than the UPA governement.
NDA government has got a better price on the Rafale Deal than the UPA government.

Now the UPA alleging irregularities on NDA government doesn’t seem fair to many because no deal took place under their government. The transfer of technology was a primary issue of concern between the two sides. Dassault Aviation also tried to deny to take the responsibility of quality control of the production of 108 aircraft in India. The Dassault provided for 3 crore man-hours for production of the Rafale jets in India, HAL’s estimate was approximately 3 times higher which resulted in an escalation of costs in the manifold.

Also Read: Make in India: France to set up production centers for Rafale fighters

Prime Minister Modi’s visit to France in 2015 helped bring this deal to a final conclusion. The government-to-government deal of 36 jets was to completed as soon as possible.

On costs of the Rafale Deal, NDA government has said that it got better terms than those quoted in the original bid under the UPA government. The total savings are reported to be of more than 1600 million Euros. However, the cost breakdown of Rafale Deal in the original bid under UPA government and in the 36 aircraft in the NDA’s government-to-government deal is not available for the public domain.

The Rafale Deal involves no private party from the side of India. www.worldwide-military.com
The Rafale Deal involves no private party from the side of India. www.worldwide-military.com

Under the current agreement, the  Rafale Deals support the ‘Make In India’ initiative of the Indian Government through the IGA’s Article 12. It states that France will facilitate the implementation of ‘Make In India’. These critical design technologies were already discussed between the two governments in previous meetings. The present Rafale Deal is signed between two sovereign governments and there is no private individual, firm or entity involved in the process from the side of India. The procurement process also does not include any private company or firm from India.

Also Read: IAF’s Rafale Deal with France: India confirms order

The fiasco that Congress is creating on the Rafale Deal is certainly not fair as the NDA government has proved that their deal is better than the one which was undertaken during the UPA government.