To create jobs, Chhattisgarh govt reduces land rates for industries

Raipur: The Chhattisgarh government has decided to reduce land allotment rates by 30 per cent in industrial areas in the state to promote industrialisation and create jobs, officials said on Saturday.

The announcement was made by Chief Minister Bhupesh Baghel while addressing representatives of industrial and commercial sectors at an event held here late Friday evening, a government public relation official said.

Baghel announced that the land allotment rates in industrial areas will be reduced by 30 per cent, while lease rent rate would be reduced from existing 3 per cent to 2 per cent.

He also announced several other benefits, including land at cheaper rates, subsidy on interest and tax rebates for food processing, minor forest produce and herbal-based units.

"The new policy pertaining to these announcements will be formulated within next two months. The state government is committed to development of industrial sector along with the agriculture sector. At the same time, core industries such as steel and cement would also be promoted," he added.