‘CLU exemption to boost private industrial parks’ - Mandi Gobindgarh News

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Tuesday, August 13, 2019

‘CLU exemption to boost private industrial parks’


‘CLU exemption to boost private industrial parks’

Tribune News Service

Chandigarh, August 12

Industries and Commerce Minister Sunder Sham Arora said the state government would give exemption in CLU, EDC for boosting development of private industrial parks in the state. He said 25 acres had been fixed for the setting up of private industrial parks with permission to be given for the construction of residential and commercial establishments in 50 per cent area. No CLU, EDC would be levied on any part of the private industrial park.

The minister said the Housing and Urban Development Department had issued notification for giving exemption from paying CLU, EDC in respect of such private industrial parks. He said 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.

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