ARTIA executive president Prem Biyani said it is necessary to allot land at cheaper rates with long-term payment terms.
').insertAfter(".article-content__img");$(".article-content__img div").find('div').remove();
Trade Body Calls For Cheaper Land Rates To Set Up Industries In Rajasthan
ARTIA's president Vishnu said that the government should ensure the availability of land in industrial areas at affordable or subsidised rates
Topics
rajasthan | land rates
A Rajasthan-based trade body, Akhil Rajya Trade and Industry Association (ARTIA), has demanded that Rajasthan State Industrial Development & Investment Corporation (RIICO) offer land at cheaper rates for setting up industries.
RIICO, a state government enterprise, sets up industrial areas and it also acts as a financial institution by providing loans to large, medium, and small-scale projects.
ARTIA’s president Vishnu said that the government should ensure the availability of land in industrial areas at affordable or subsidised rates.
He added, “It should be noted that RIICO gets land from the state government to develop industrial areas at concessional rates. RIICO develops it, and later, it is auctioned. The land is being sold through auction through online medium and the rates in the auction go up steeply. RIICO was formed to provide industrial land at cheaper rates.”
Vishnu said that because of the high prices of industrial land, the process of setting up industries has slowed down.
ARTIA executive president Prem Biyani said it is necessary to allot land at cheaper rates with long-term payment terms.
Biyani added, “The payment process should also be simplified. That is, after the establishment of an industry, the process of paying for the land in instalments of 5-10 years can be considered. Due to this, industry and employment will increase in the state.”
Subscribe to Business Standard Premium
Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!
First Published: Mon, January 23 2023. 17:42 IST
RECENT NEWS
Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction
In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more
Central Banks And The Economic Horizon: Steering Through Uncertaintie
In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more
Transforming Financial Operations With Robotic Process Automation
Author: Ricardo Goulart ... Read more
The Role Of Machine Learning In Fraud Detection
Author: Gerardine Lucero  ... Read more
Principles Of Islamic Banking And Finance
When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more
The Role Of Central Banks In Global Economy
The role of central banks in global economy is a stimulating topic that requires profound understanding. Commonly, centr... Read more