Industry can now buy land directly from Karnataka farmers
The Times of India
May, 11, 2020
Removing what the industry terms a long-standing hurdle to its growth, the Karnataka government has implemented the amended Land Reforms Act, 1961 which now allows industries to buy land directly from farmers, in a big decision to hasten rebooting of the sector maimed by the lockdown.
The industries will still be required to seek permission from the revenue department. It will, however, be deemed approved if the deputy commissioner doesn’t raise red flags or clear the application within 30 days. Earlier, industries could get agricultural land allotted through Karnataka Industrial Areas Development Board (KIADB).
The amendment was notified after the governor approved the Karnataka Land Reforms (Amendment) Bill, 2020 that had been okayed by the legislature in March. The April 27 gazette notification repeals the related Karnataka Land Reforms (Amendment) Ordinance 2019.
On January 25, CM B S Yediyurappa had said the government would amend Section 109 of the Land Reforms Act to facilitate industry to purchase land directly from farmers.
Welcoming the move, Devesh Agarwal, president, Bangalore Chamber of Commerce and Industry, said this will be beneficial, especially in a post-Covid world, when India looks for opportunities to become an alternative sourcing point to China with global firms looking to de-risk their supply chain. “Removal of impediments will enhance our competitiveness,” he added.
“A three-year process will now take just about 30 days — a major reform we had been demanding for long. Tamil Nadu, Andhra and Telangana have been allowing this for a while now,” said C R Janardhan, president, Federation of Karnataka Chambers of Commerce and Industry.
Link- https://timesofindia.indiatimes.com/india/industry-can-now-buy-land-directly-from-karnataka-farmers/articleshow/75665688.cms?utm_source=whatsapp&utm_medium=social&utm_campaign=TOIMobile
May, 11, 2020
Removing what the industry terms a long-standing hurdle to its growth, the Karnataka government has implemented the amended Land Reforms Act, 1961 which now allows industries to buy land directly from farmers, in a big decision to hasten rebooting of the sector maimed by the lockdown.
The industries will still be required to seek permission from the revenue department. It will, however, be deemed approved if the deputy commissioner doesn’t raise red flags or clear the application within 30 days. Earlier, industries could get agricultural land allotted through Karnataka Industrial Areas Development Board (KIADB).
The amendment was notified after the governor approved the Karnataka Land Reforms (Amendment) Bill, 2020 that had been okayed by the legislature in March. The April 27 gazette notification repeals the related Karnataka Land Reforms (Amendment) Ordinance 2019.
On January 25, CM B S Yediyurappa had said the government would amend Section 109 of the Land Reforms Act to facilitate industry to purchase land directly from farmers.
Welcoming the move, Devesh Agarwal, president, Bangalore Chamber of Commerce and Industry, said this will be beneficial, especially in a post-Covid world, when India looks for opportunities to become an alternative sourcing point to China with global firms looking to de-risk their supply chain. “Removal of impediments will enhance our competitiveness,” he added.
“A three-year process will now take just about 30 days — a major reform we had been demanding for long. Tamil Nadu, Andhra and Telangana have been allowing this for a while now,” said C R Janardhan, president, Federation of Karnataka Chambers of Commerce and Industry.
Link- https://timesofindia.indiatimes.com/india/industry-can-now-buy-land-directly-from-karnataka-farmers/articleshow/75665688.cms?utm_source=whatsapp&utm_medium=social&utm_campaign=TOIMobile
Comments
Post a Comment