200 industrial plots lying idle for years, UP allots them again
A revised policy has been worked out in which owners of sick industries will now be allowed to sell off 75% of the land by subdividing it into smaller plots of 4,000 sqm or more, while they can keep operating on 25% of the remaining land.
The subdivided land parcels have been sold under three slabs: Rs 16,960/sqm, Rs 18,930/sqm, and Rs 25,780/sqm. In the Sahibabad Site-4 Industrial Area, 177 plots have been sold at Rs 25,780/sqm.
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In Sector 22 of the Sahibabad Industrial Area, eight land parcels were sold at the rate of Rs 16,960/sqm. Additionally, 26 plots in Site-2 of the Sahibabad Industrial Area have been sold at the rate of Rs 18,930/sqm.
Traditionally, Ghaziabad is an industrial city with more than 27,000 industries spread across 10 industrial clusters, employing a workforce of over five lakh. Over the years, land has become scarce, proving to be a major impediment to the growth of new industries.
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To overcome this impediment, UPSIDA in 2020 came up with a new industrial policy aimed at freeing land parcels within industrial belts so that new, relatively small industrial clusters could be created. The land parcels remain locked in as the industries that existed either went defunct or were closed down.
"When plots were allocated for industries by the then UPSIDC in the 1970s, the size of plots was as big as 50 acres.
But with time, many big industries became obsolete and sick and some even closed because there is a life cycle to it," Satyarthi said.
"As a rule, the plot allotted for an industrial unit cannot be cancelled, but the problem is that a large chunk of the plot remains unutilised in these large industrial units. So, a new industrial policy was framed to create new land banks," Satyarthi added.
It is estimated that about 300 acres of unused land remain locked up in these sick and obsolete industrial units.
The new policy will allow owners to recover from loss while at the same time allowing small industries to flourish on this land.
In the last 20 years, no new industrial clusters have been developed in Ghaziabad as UPSIDA has exhausted its land bank. Even though the demand for land to set up new industries is growing, this initiative is helping new industries to flourish.
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