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| BBIA demands free hold rights for lease hold industrial land | | |
EARLY TIMES REPORT
JAMMU, Nov 2: To discuss the issue in regarding the conversion of Lease Hold Industrial Land into Free Hold by J&KSIDCO/SICOP for the existing Unit Holders, a meeting of Bari Brahmana Industries Association (BBIA) Jammu was held today
The meeting was held under the chairmanship of Lalit Mahajan Chairman, Federation of Industries, Jammu & President BBIA.
Tarun Singla, Sr. Vice President, Ajay Langer Vice President, Viraaj Malhotra General Secretary, Rajesh Jain Secretary, Vivek Singhal Treasurer of BBIA were also present in the meeting.
The members present in the meeting, while conveying their heartiest thanks to Lt Governor Manoj Sinha for offering free hold rights to the investors from outside the State for the purchase of Land for Industrial Use as per the Amendment done in the State Land Laws, request the Lt. Governor for the grant of Free Hold Rights to the existing units established by Sons of Soil & the units working since last 15 years as per the State Domicile Law.
It is pertinent to mention here that Delhi State Industrial Infrastructure Development Corporation Board has decided to transfer or regularize leasehold rights of Industrial plots on nominal charges of 5-10 per cent of their market value.
The matter in respect of Free Hold Rights of SIDCO/SICOP Land is pending with State Govt. since long and it was assured to us number of times the matter is resolved at the earliest but nothing has been done so far, the members said.
We request Lt. Governor Manoj Sinha to consider our request by conversion of Leasehold Rights by J&K SIDCO/SICOP in to Free Hold Rights in the proposed New Industrial Policy 2020 which will provide relief to the Existing Unit Holders working in Union Territory of Jammu & Kashmir since last so many years in spite of all the odds, they added. |
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