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AIADA approves Rs 29 cr investments, 243 new jobs to be created

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Jamshedpur, Feb. 7: Several important decisions were taken during the meeting of the state Land Allotment Committee (LAC) held after five years in the office of the Adityapur Industrial Area Development Authority (AIADA).

Altogether 11 proposals were put forward and all of them were approved by the committee, ensuring investment of Rs 29.52 crore in the industrial area. In addition, it would provide employment to 243 people, said S K Dudhani, secretary, AIADA. He informed that majority of the investment will be made by Phase 6 situated Kalimati Motors Private Limited.

This company will invest around Rs 10 crore, which would provide 51 new employments, while large sector unit Jamshedpur Trade-com Private Limited will invest around Rs. 9.97 crore providing 50 new employment opportunities. Apart from this Phase-6 situated Venkatesh Automobile Private Limited would invest Rs. 3.25 crore, Kaijen Techno Private limited Rs 2.86 crore and large sector company Auto World Rs 1.72 crore.

Dudhani informed that potential investors have been asked to submit detailed documents to AIADA by February 10 for further proceedings to avail the land. In all, 243 applications that have come to AIADA seeking allotment of land were taken up for discussion, following which interested parties were asked to submit comprehensive documents to AIADA online.

AIADA had asked them to submit online application for 84 plots and received 206 applications for 75 plots. There was no application for the remaining nine plots. Dudhani they received single applications for 24 plots, more than one party submitted applications for 51 plots. Online single bidding will be done for these 24 plots.

AIADA secretary further said those industrialists who want to bid for the plots can submit security money of minimum Rs 1.5 lakh or 10 per cent of the total cost of the plot before participating in the bidding process. Security money will be merged with the cost of the land. Security money will be returned to everyone who would not get land through the online bidding process.

Dudhani noted that land acquisition applications will be cleared after thorough scrutiny when PCC (Project Clearance Committee) and LAC (Land Allotment Committee) boards meet again after a fortnight. At today�s board meeting also cleared 11 applications related to the change of the nature of project.

Significantly, AIADA did not call a joint board meeting of the PAC and LAC since 2011 after Jharkhand High Court asked the body not to convene any meeting till state government comes up with gazetted land allotment regulations.
�The meeting held after 5 years has come as a relief as now the state government has published gazetted land allotment regulations in December 2015 and the process of land allotment has assumed in the Adityapur industrial area,� said an industrialist.

The entrepreneurs who took part in the board meeting expressed delight on the outcome. �We are happy on the outcome of today�s meeting after all PCC & LAC board meeting has been held first time after 2011,� industrialist and former president of Adityapur Small Industries Association (ASIA), S N Thakur said.

The meeting was chaired by Seraikela-Kharsawan deputy commissioner Chandrsekhar and attended by Adtiypaur Small Industries Association (ASIA) trustee S N Thakur, Pollution Control Board�s Suresh Paswan and others.

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