New industrial policy set to benefit Reliance

Pradeep Sharma

Tribune News Service

Chandigarh, September 27

The Integrated Industrial Licensing Policy (IILP), which the Haryana Cabinet meeting presided over by Chief Minister Manohar Lal Khattar approved today, is set to benefit Mukesh Ambani-led Reliance Industries Limited (RIL).

In fact, a slew of incentives in the IILP will give a boost to the integrated township projects (ITPs) of Reliance Industries, which own nearly 1,200 acres in Gurugram and about 7,000 acres in Jhajjar after denotification of its special economic zone (SEZ) in 2013.

The previous Bhupinder Singh Hooda government had allowed development of ITPs after denotification of the SEZs in 2013. Under the new IILP, the sale and purchase of industrial properties in integrated industrial colonies will be governed by the Haryana Apartment Ownership Act, 1983, under which no freehold property could be sold. While 50 per cent of the industrial component will have to be developed for the “plug and play model”, 20 per cent of the area will be allocated for cluster development. Similarly, residential (up to 10 per cent) and commercial (up to 5 per cent) components will be allowed. A minimum of 15 per cent area of the colony will be earmarked for organised open parking.

“The plug-and-play model will help small and medium enterprises, which do not want to go through the whole process of land acquisition and building factories. In a new start-up eco-system where much of the investment is needed for land, the innovator is left with hardly any surplus to invest in technological innovation,” Krishan Bedi, Minister for Welfare of Scheduled Castes and Backward Classes, said.

Under the current policy, only plotted development is allowed. Now, the developer will have the option to develop a colony in the shape of an integrated complex comprising industrial apartments/ flatted industries with a global FAR equivalent to 1.0 of the industrial component. The entire complex will be a gated industrial colony with no internal boundary walls separating industrial establishments.