Rajasthan nods to set up hotels on industrial plots
Now hotels can be set up on industrial plots in Rajasthan without shelling out any extra penny. Rajasthan State Industrial Development and Investment Corporation Ltd. (RIICO), the industrial development agency, has given its nod to the conversion of industrial plots into hotels.
RIICO managing director Rajendra Bhanawat told ET that this step would promote hospitality industry in the state. “The state government has notified tourism as an industry. Hotel business now is no longer considered as commercial activity. Entrepreneurs can set up a hotel on an industrial plot without going for any change in land use for commercial purposes of the plot,” he said.
According to RIICO’s Infrastructure Development Committee (IDC), the allottee will not be required to pay any conversion charges. Earlier, allottee had to pay thrice the prevailing value of the industrial plot for the conversion.
More : economictimes.indiatimes.com