CCEA revises Railway's industrial land lease policy; lowers fee to 1.5%

Move likely to pave way for Concor's strategic sale

The Union Cabinet Committee on Economic Affairs (CCEA) has revised the long-term lease policy for the industrial use of the Railways’ land. The new policy will see the Railways’ land licensing fee coming down to 1.5 per cent, from the current 6 per cent (with a 7 per cent annual increase) of the market value of the land. The lease period has been extended to 35 years from five years now.

According to a government statement, the policy has been tweaked for a smoother implementation of the PM Gati Shakti National Master Plan framework. According to sector observers, the revised terms