Traders fuming: no site gets clearance six months after notification
Strong resentment prevails among industrialists and entrepreneurs as despite notification on August 20 to allow policy-permitting hotel, hospital, multi media centre and institute in industrial areas of Punjab under new investment policy, not even a single site has got clearance in SAS Nagar.chandigarh Updated: Jan 19, 2014 23:18 IST
Strong resentment prevails among industrialists and entrepreneurs as despite notification on August 20 to allow policy-permitting hotel, hospital, multi media centre and institute in industrial areas of Punjab under new investment policy, not even a single site has got clearance in SAS Nagar.
A member of Mohali Industry and Commerce Association (MICRA) said, “Our industrialists are facing a lot of delay and harassment in getting basic clearances from the concerned departments under the stated notifications. In the past six months not a single clearance has been given to any applicant who has applied under the above notification. It will be a negative impact on the investors, who want to invest in Punjab.”
However, Manvesh Singh Sidhu, chief administrator, Punjab Urban development Authority (PUDA), said, “We are in the process of finalising the external development charges (EDC) and once they are finalised, we will send it to cabinet for final approval .We hope it will be done soon.”
In the notification issued in August 2013, the minimum area required for setting up such businesses has been reduced from 5,000 square yards to 1,000 square yards. The government has also removed the condition of having compulsory professional management tie-ups or franchise for hospital or hotel with a national or international chain for setting up such ventures.
However, other conditions remained unchanged. The notification has been done after four years, when state government had amended the earlier industrial policy in 2009 to make it more inclusive. Also, the policy have also declared hotels and hospital as industry. This had also allowed setting up of educational institutions and multimedia centres as industry.
“Over 1400 Industrial land is lying vacant in SAS Nagar , this policy of the state government was a step forward to address this issue, but very unfortunate that even after six months nothing has been done so far. The government will have to be progressive and positive in their thoughts and actions so that entrepreneurs can get quick approvals to start their activities,” said, Nikhil Saraf, president of MICRA.
First Published: Jan 19, 2014 23:17 IST