Nagpur: Several major decisions related to projects linked with economic development of the region are expected to be taken on Thursday. As Mihan is dubbed to be a game-changer for the region, Maharashtra Airport Development Company (MADC) will be taking some of the policy decisions related to the project.
The MADC's board of directors will be meeting on Thursday. The agenda includes approving a land transfer policy and extension policy for the investors in Mihan's special economic zone (SEZ). At present, even as more than 60% of the land in Mihan SEZ has been acquired by 25 companies, only seven projects are operational.
In a bid to deal with non-starters, the MADC is now looking to put in place a land transfer policy. Under this, the existing company can transfer its land to another investor for which the MADC would levy a charge.
The charge will range from 10% to 30% of the difference between the existing rate and that at which the land is transferred to the new player. Similarly, a proposal on extension policy will also be placed before the board. This will be the second extension being given to the investors at Mihan. A further extension of three years may be given to the investors but subject to certain conditions, said a source.
06/10/16 Shishir Arya/Times of India
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The MADC's board of directors will be meeting on Thursday. The agenda includes approving a land transfer policy and extension policy for the investors in Mihan's special economic zone (SEZ). At present, even as more than 60% of the land in Mihan SEZ has been acquired by 25 companies, only seven projects are operational.
In a bid to deal with non-starters, the MADC is now looking to put in place a land transfer policy. Under this, the existing company can transfer its land to another investor for which the MADC would levy a charge.
The charge will range from 10% to 30% of the difference between the existing rate and that at which the land is transferred to the new player. Similarly, a proposal on extension policy will also be placed before the board. This will be the second extension being given to the investors at Mihan. A further extension of three years may be given to the investors but subject to certain conditions, said a source.
06/10/16 Shishir Arya/Times of India
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