Centre asks Idco to submit land schedule on NIMZ
Idco is under possession of 5811 hectares (ha) of land at Kalinganagar. The process of engagement of a consultant for preparing a techno-economic feasibility report (TEFR) and master plan for the NIMZ has been initiated
Aug 20, 2014
Source : Business Standard
Kalinganagar project



The government's bid to obtain in-principle approval for the National Investment & Manufacturing Zone (NIMZ) proposed at Kalinganagar is headed for delay with the Centre seeking a detailed land schedule for the zone.

The state industries department has put its land acquisition agency Odisha Industrial Infrastructure Development Corporation (Idco) to prepare the land schedule, said a government official.

Kalinganagar in Jajpur district is touted as the emerging steel hub of the country with concentration of units both by public and private sector entities.Land procurement for the proposed mega industrial zone will be done by Idco.Last month, had written to the Department of Industrial Policy & Promotion (DIPP) under Union commerce & industry ministry to grant in-principle approval for the NIMZ.

“Idco is under possession of 5811 hectares (ha) of land at Kalinganagar. The process of engagement of a consultant for preparing a techno-economic feasibility report (TEFR) and master plan for the has been initiated. In the above context, it is requested to grant in-principle approval at an early date, enabling Idco to undertake the project activities within the time frame”, Idco's chairman and managing director (CMD) Vishal Dev had written to Talleen Kumar, joint secretary, DIPP.

The NIMZs are proposed to be self-governing and autonomous bodies under Article 243 (Q-c) of the Constitution and managed by a special purpose vehicle (SPV) headed by government officials.

The Centre will provide financial support for trunk infrastructure while internal infrastructure will be developed on a PPP (public private partnership) mode for which access to Viability Gap Funding (VGF) would be provided.The first seven NIMZs have been notified and they will be set up in the states of Gujarat, Maharashtra, Haryana, Rajasthan, Madhya Pradesh and Uttar Pradesh along the Delhi-Mumbai industrial corridor.

Together, these six states account for 43 per cent of the country's GDP (gross domestic product), 50 per of industrial production and exports and 40 per cent of total workforce.

The NIMZs would be a combination of production units, public utilities, logistics, environmental protection mechanism, residential areas and administrative services.

Such zones would have a processing area where the manufacturing facilities along with associated logistics and other services as well as required infrastructure will be located.The processing area may include one or more Special Economic Zones (SEZs), industrial parks, warehousing zones and export oriented units.

Besides, there will be a non-processing area to include residential, commercial and other social and institutional infrastructure.

Latest Realty News

BJP demands CBI probe into Odisha land scam
Aug 20, 2014
Hitting out at Odisha Chief Minister Naveen Patnaik for alleged cover up bid in land scam, BJP today demanded a CBI probe into allotment of land and houses as role of political leaders had now surfaced during inquiry into chit fund scandal by the central agency
Cuttack Development Authority drive against 'unauthorized' shrines from August 22
Aug 20, 2014
The Cuttack Development Authority (CDA) will launch a demolition drive against unauthorized religious structures from August 22
Realtors upbeat about smart city plan, Say It Will Revive Sluggish Market
Aug 19, 2014
Amid indications that almost all state capitals may be part of the Union government's 100 smart cities' plan, real estate developers hope the move will help revive the sluggish housing market here
Indians top investor in Dubai's real estate market
Aug 19, 2014
Indians have been ranked first among foreign investors in Dubai's real estate sector, making a total of 4,417 transactions worth nearly USD 3 billion in the first half of the year, according to an official report.
Patta hurdle for land registration
Aug 19, 2014
Implementation of the new regulation has resulted in marked fall in registration of transaction of immovable properties across the state, while legitimate owners of landed property have to suffer due to delay in issue of pattas
Odisha has seen few takers in premium housing segment: Arup Dasgupta
Aug 18, 2014
Demand for housing in Odisha is passing through a sluggish phase even as shortage of housing stock is huge in the Country when compared to the demand as a whole, says Sri Arup Dasgupta, Regional Manager (Eastern Region), LIC Housing Finance Ltd
Cities With Highest Property Prices: Mumbai Tops The List
Aug 18, 2014
With the rise in urbanization, many people in India now rush towards urban areas to settle down. And as such, property rates in major Indian cities are witnessing sharp rise between June 2012 and May 2014, according to data by real estate firm research firm PropEquity.
Donald Trump: 'India's real estate market will pick up'
Aug 16, 2014
In the world of luxury property there are few more famous faces than Donald Trump - the multi-billionaire who built his fortune through New York real estate.
BMC to Take Possession of Project Land
Aug 16, 2014
The Housing and Urban Development Department has authorised Bhubaneswar Municipal Corporation (BMC) to take physical possession of land required for several projects
Maharathy lands in quota quagmire
Aug 16, 2014
Agriculture minister Pradeep Maharathy has joined the list of those, who allegedly grabbed government plots/quarters by misusing discretionary quota (DQ)

Latest Realty News Of State

Realty Talk's