The Tamil Nadu government plans to aggregate large areas of land through a ‘land pooling model’ to allow owners join to hands with the government to develop land for industrial use, according to State Industries Secretary Vikram Kapur. “We are trying an innovative model of land aggregation, which possibly was not tried in the country except in Gujarat, that too in urban development. It will make landowners stakeholders and will be win-win situation for everyone,” Kapur said in his address at FICCI TNSC: First Executive Committee Meeting of Tamil Nadu 2017.
The state government plans to create a land bank of nearly 54,000 acres of developed industrial lands. “We have almost reached the half-way mark and the rest of it is in various stages of acquisition. Under the new Land Acquisition Act, there are certain difficulties, including providing higher compensation to owners,” he said.