Nagpur: In some good news for small investors, the corporation of the development of Maharashtra Airport (MADC) will soon offer a small plot to them in Mihan.
Various organizations representing the industry from Vidarbha has increased this demand with the government to provide a plot in the range of one hectare and so on for these investors – many of them are ready to invest in the project but cannot afford funds for large plots, which are in the range of five hectares and at on.
MADC Managing Director Deepak Kapoor told Tii, “Our official has submitted a rough policy design based on their demands.
After checking the contents, we will negotiate with all stakeholders before finishing in a few weeks.
This will help some small companies willing to invest in Mihan .
“The Industrial Association has also increased the same demands in their meeting with Kapoor during his visit to the previous city.
They told him that they could not buy expensive five or ten hectares plots, because they did not have funds to establish large companies.
However, if MADC offers them a plot of one hectare or less, they will be in a better position to buy them, they say.
Kapoor, also the Deputy Chair of MADC, said the body would declare the policy was far earlier, but around 28 officials were contracted by Covid-19 during the second wave, and his office was closed for some time.
“In the last 15 days, officials worked hard to prepare a rude draft because renting a small plot to investors.
We will ensure that the policy is fair for investors and everything will be done transparently,” he said, adding that there was a big demand for the small plot , Ved Hails Madc Move, said it would increase the development of the industry called MADC steps as “fantastic” one, the Vidarbha’s economic development board (VED) said it would provide a big boost for the development of the industry in the region.
“It will encourage smaller industries here who want to expand their operations.
The service sector will virtually want to invest there, because it will benefit.
I hope the proposed policy does not have strict rules such as utilizing the floor index (FSI) in three years .
In a period of pandemic, the industry must be equipped with certain relaxation, because it will take time for them to establish their units, “said Shivkumar Rao’s Chair to Ti.
MADC policy to sell plots to small investors immediately
