Chandigarh, March 31 -- In a major push to transform the state's industrial landscape, the Punjab Government has approved a series of path-breaking reforms aimed at simplifying land ownership and modernizing infrastructure management.
Punjab Minister for Industries & Commerce, Sanjeev Arora, announced on Tuesday that the Cabinet has cleared significant amendments to the policy for converting leasehold industrial plots and sheds to freehold, alongside a comprehensive restructuring of post-allotment services to foster an investor-centric ecosystem.
Under the new reforms, the conversion fee from leasehold to freehold has been fixed at a minimum of 5 per cent, with the Minister announcing a 100 per cent stamp duty exemption for all conversion...