Punjab Government has commenced the process of allotment of prime industrial plots in the newly developed industrial estate in the city of Nabha.
The State Industries and Commerce Minister Sunder Sham Arora said that Christened Industrial Focal Point (IFP), Nabha (New) is a result of unwavering commitment of the Government to provide state-of-the-art infrastructure to industry at affordable price.
IFP Nabha (New) shall primarily provide an impetus to light engineering sector in the region, he said.
He said that IFP, Nabha (New) is strategically located on Nabha-Bhawanigarh road, providing convenient connectivity to all parts of the State and is spread over an area of 83.81 acres.
“Plots of different sizes have been planned after conducting a comprehensive market survey to assess the demand of regional industry. Accordingly, new industrial estate provides a judicious mix of plot sizes to accommodate small, medium, large, and mega industries. Industrial plots ranging from five acres and above, one to four acres, 2,500 square yards, 1,000 square yards and 500 square yards shall be made available to entrepreneurs,” he said.
He state Additional Chief Secretary (Industries and Commerce) Vini Mahajan said that in order to develop a self-sustained eco-system, two commercial pockets measuring 2.50 acres and 1.50 acres have been earmarked within the Focal Points.
Separate land chunks have been earmarked for critical infrastructure facilities such as electrical sub-station, water works, disposal work, public buildings etc, she said adding that adequate provision has also been made for providing green belts and open area.
Mahajan said Industrial Focal Point, Nabha (New), has received all requisite regulatory clearances, including registration with the State Real Estate Regulatory Authority (RERA). The reserve price for allotment of industrial plots has been fixed at the rate of Rs 3,800 per square yard.
She added that allotment of industrial and commercial plots in Industrial Focal Point, Nabha (New), shall be done through the mode of e-auction “which will ensure complete transparency in allocation of key government resources and shall ensure speedy allotment of land to industrialists”.
Mahajan added that industrialists from across the country and abroad have evinced keen interest in Focal Point, Nabha (New).