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Govt must bite the bullet on land reforms to ease manufacturing growth

How to make land available quickly and cheaply for development, without alienating landowners or eroding their rights, remains a point of contention

The Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, has greenlit the development of 12 industrial smart cities across six major industrial corridors in 10 states, with an estimated investment of ₹28,602 crore.
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Land reform will always be politically hard, but the economic imperative is stronger than ever. | Representative Picture

Business Standard Editorial Comment Mumbai

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Land is one of the most critical and contested factors in India’s push for growth in manufacturing. Acquisition is often slow and costly. The multiplicity of authorities, fragmented land records, inconsistent rates of stamp duty, and unclear titles cause delays and litigation risks, which deter investors. For companies, these bottlenecks translate into higher project costs and financing hurdles. In recent years, the government tried to address some of these issues through initiatives like the India Industrial Land Bank (IILB), digital land records under the Digital India Land Records Modernisation Programme, the Model Tenancy Act 2021 and Rera (Real Estate Regulatory