New Delhi: The Confederation of Indian Industry (CII) has pitched for the creation of a unified national industrial land bank and an online system that makes it easier for investors and companies to find and acquire land for factories.
The geographic information system (GIS)-enabled land bank would provide a wide spectrum of inputs, including on land availability, zoning status, utilities, environmental constraints, encumbrances and title clarity.
A report prepared by the industry body has suggested standardised social impact assessment templates, expeditious industrial acquisition cells at the district level, broader adoption of land pooling models, and the creation of a publicly accessible GIS-linked land dispute registry.
"These reforms would help reduce timelines (for land acquisition), improve transparency and build trust among landowners, communities and investors," it said.
The report has also pushed for a uniform, nationally-guided stamp duty for industrial land, highlighting the wide inter-state variations in stamp duty and registration charges that inflate upfront project costs and distort investment decisions.
The geographic information system (GIS)-enabled land bank would provide a wide spectrum of inputs, including on land availability, zoning status, utilities, environmental constraints, encumbrances and title clarity.
A report prepared by the industry body has suggested standardised social impact assessment templates, expeditious industrial acquisition cells at the district level, broader adoption of land pooling models, and the creation of a publicly accessible GIS-linked land dispute registry.
"These reforms would help reduce timelines (for land acquisition), improve transparency and build trust among landowners, communities and investors," it said.
The report has also pushed for a uniform, nationally-guided stamp duty for industrial land, highlighting the wide inter-state variations in stamp duty and registration charges that inflate upfront project costs and distort investment decisions.
