The Maharashtra government’s new industrial policy will lead to the unlocking of 8,797 acres of land in Thane-Navi Mumbai area and 5,765 acres of land in Pune, official data shows. Of this, 40 per cent of land will be used for construction of houses and shops.
There were 124 special economic zones across the state. The new industrial policy allows the corporate firms to unlock their 40 per cet of land which is over 35,000 acres in city. And, at remaining 60 per cent of land the industry will be developed.
These lands, acquired under SEZs, were locked for the last several years. Land is a crucial factor for the development of any state. Because of land scarcity, many entrepreneurs were reluctant to start industries. Now, the SEZ land will be used for the construction of houses, and the remaining land for industries.
The new industrial policy is good but it should be implemented properly. Otherwise, it will just remain another good policy on paper, said Pankaj Kapoor, Managing Director of Liases Foras, a real estate research firm.
Activists claim that the government’s recent industrial policy has been framed so as to benefit corporate firms rather than the common man.