Telangana Govt to Keep Tabs on Land Allocation to Industry

Hyderabad: With an objective to check misutilization of land allotment by the industry, the Telangana government is planning to limit the practice. Curbs on land allotment to the industry will result in encouraging the genuine business ventures with the precious land allotment, according to the government officials. The Cabinet sub-committee has decided to prepare a map of industrial land in Telangana and convert it into geo-mapping. The officials will prepare the map within a week.

So far, minimum investment is Rs 200 crore to be eligible for incentives under mega industry category. The cabinet sub-committee decided to consider in future the value of land and machinery as part of the investment. This is the step being taken to prevent industries from procuring land more than required and showing the extra land as part of their investment, according to a release from the government.

A Cabinet sub-committee on large industrial projects reviewed the situation. The officials discussed several issues pertaining to incentives extended to industries in the state, land allotted and utilization. Telangana Industries Minister KT Rama Rao has suggested the officials to include the value and area of land allotted to the industrial units in addition to the plant and machinery in the amount of investment made by the investors.

“So far, minimum investment is Rs 200 crore to be eligible for incentives under mega industry category. The cabinet sub-committee decided to consider in future the value of land and machinery as part of the investment. This is the step being taken to prevent industries from procuring land more than required and showing the extra land as part of their investment,” according to a statement from the government.

The review meeting also focused on the upcoming GST regime. The Cabinet sub-committee has taken a decision to seek suggestions from the industry and other business segments on the current VAT reimbursement system. The State government has decided to adopt the suggestions from the industry in the new GST regime. However, the cabinet sub-committee decided to exempt solar power plants and other non-conventional power plants from the restrictions.