No CLU or EDC would be levied on any part of the private industrial park: Punjab Industries Min

Chandigarh, Sep 9 (KNN) In a bid to boost the development of private industrial parks in Punjab, the State Government would soon provide exemption in the CLU (change in land use) and EDC (external development charges), said Sunder Sham Arora,  Industries and Commerce Minister, Punjab. 

He announced "No CLU or EDC would be levied on any part of the private industrial park."

He said that an area of at least 25 acres has been fixed for the setting up of private industrial parks with permission to be given for construction of residential and commercial establishments in 50 percent area.

The Housing and Urban Development Department has issued the notification for giving exemption from paying CLU or EDC in respect of such private industrial parks, he addded. 

Those investors interested in setting up their private industrial park, are given online approvals through the portal, he said.

The Minister said that the industrial units, to be set up under the private parks, would be exempted from stamp duty, electricity duty and the GST in accordance with the ‘Industrial and Business Development Policy 2017’.

He exhorted the investors to avail maximum benefit from the industry friendly policies being pursued by the Punjab Government.