Nashik Inc seeks ministers help to roll back land rate hike

  • | Saturday | 8th September, 2018

"The hike in land rates is up to 86% in various industrial estates of the district. NASHIK: Nashik industrialists have sought intervention of the state industry minister Subhash Desai for rolling back the hike in land rates.The Maharashtra Industrial Development Corporation (MIDC) recently increased the rates for renting out land in industrial estate for establishing units. In fact, we feel that there was no need to hike the rates. The hike will affect the industrial growth of the district. "The scarcity of land is one of the major reasons that have affected the industrial growth of the city," Rawal said.The MIDC has acquired land at some locations and developing infrastructure there.

NASHIK: Nashik industrialists have sought intervention of the state industry minister Subhash Desai for rolling back the hike in land rates.The Maharashtra Industrial Development Corporation (MIDC) recently increased the rates for renting out land in industrial estate for establishing units. The rates have been hiked in the range of 41% to 86%.While the rates have been increased by 65% at Satpur and Ambad industrial estates, it has been increased by 86.46% at the additional industrial estate at Sinnar.Nashik Industries & Manufacturers' Association (NIMA) has sent a letter to Desai stating that the hike could impact the growth of the industries sector and affects their efforts to attract new investments in Nashik.The association has also sent similar letters to the MIDC CEO Sanjay Sethi and to the office of chief minister. There have been demand from the industries to fix the rate of Rs 2,000 per sqmt at the new industrial estate of MIDC at Talegaon-Akrale in Dindori taluka of the district, but MIDC has fixed the rate of Rs 3,000 per sqmt."The hike in land rates is up to 86% in various industrial estates of the district. In fact, we feel that there was no need to hike the rates. The hike will affect the industrial growth of the district. We have been taking efforts to attract new investment in Nashik, but MIDC's move to increase the rates has disappointed us," Manish Rawal, chairman of NIMA's infrastructure committee, said.He added that the association has requested Desai to roll back hike by MIDC in industrial plot rates in the district. "We have also brought it to his notice that this may hit the new investment here," Rawal said.According to the local industrialists, no new large industrial project has come to Nashik in past 15 years due to lack of land. "The scarcity of land is one of the major reasons that have affected the industrial growth of the city," Rawal said.The MIDC has acquired land at some locations and developing infrastructure there. "The new Dindori MIDC is almost ready and we have been demanding to start allotment of land but so far nothing has been done on that front," lamented an industrialist.

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