Grant Ownership To Whom Industrial Land Was Allotted

Bari Brahmana Industries Association (BBIA) has urged upon the J&K Government to grant ownership rights to entrepreneurs to whom industrial land has been allotted by the SIDCO /SICOP. A meeting of the BBIA was held today under the chairmanship of, Lalit Mahajan ( president) in the presence of Tarun Singla senior vice president, Ajay Langer vice president, Viraaj Malhotra – general secretary, Rajesh Jain -secretary and Vivek Singhal- treasurer of the Association and other members to discuss the issue for the grant of ownership rights to entrepreneurs to whom the Industrial land was allotted on long term lease basis by SIDCO/SICOP in Union Territory of Jammu & Kashmir.
Members hoped that with the grant of UT status to the State of Jammu & Kashmir by Union Govt massive Investment in the Industrial sector and Service sector will take place. Therefore, it is the need of the hour to grant the freehold rights to the existing unit holders to whom the land was allotted by the J&K SIDCO and SICOP for which the requisite land premium was already deposited by the Unitholders at the time of allotment of land and regularly paying the annual lease rent.