Lightning Fast Transfers

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Present;

As per standard procedure, it takes a minimum of 20 years of time for the transfer of land ownership from the state to an industrial entity.

Near Future;

This timeframe is going to be significantly reduced in Kerala. 

What Have I Missed?

Kerala industries minister's recent announcement in the state assembly, saying that the state government would soon be enacting a new land policy to provide land for setting up manufacturing units at the industrial parks owned by the government. 

What's New?

First, the policy will simplify an ancient procedure by speeding up transfer of land ownership to the industrial units. 

Second, the present policy is based on identifying 25 acres of land in rural and 15 acres of land in urban areas, for setting up industrial parks. 

Such large areas are a major challenge to put together and the new policy will thus explore setting up industrial parks in smaller land sizes. 

Third, industries minister P. Rajeeve feels that there are several outdated laws concerning the industrial sector which have to be either abolished or revised. 

A bill for this is under consideration of the present session of the state legislative assembly.