Pondy to allot on lease industrial plots to entrepreneurs

The Puducherry government has at its disposal 1425 acres which would be allotted on lease basis to entrepreneurs to promote industrial enterprises in Puducherry and Karaikal, Industries and Revenue Minister M O H F Shah Jahan announced in the territorial assembly today.
Replying to the debate on demands for grants to his departments, Shah Jahan said of the 1425 acres available with government, around 800 acres were in Sedarapet and Karasur villages in Puducherry and 600 acres at Polagam in Karaikal.
He said the government owned Industries Development Corporation (PIPDIC) would allot the land and industrial plots to entrepreneurs on lease basis so that they could start industries to ensure industrial growth in Puducherry and Karaikal regions.

Infrastructure facilities in all the industrial estates would also be augmented and funds from the Centre would be sought to accomplish the plan.
PIPDIC had already applied for an assistance of Rs 10 crore from the centre for infrastructure facilities in the estates under its control.
The new industrial policy unveiled last year would be of help for attracting entrepreneurs, he claimed.