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Thiruvananthapuram: Chief Minister Oommen Chandy on Wednesday said certain conditions have been laid for exemptions on land allocated for commercial purposes.
As per the conditions, to claim exemption for an acre of land, the commericail enterprises have to ensure an investment of Rs 10 crore and creation of minimum of 20 job opportunities, he said while explaining the decisions taken at cabinet meeting.
'The conditions will be applicable for sectors such as IT, health, education, industry and tourism. The allocated land cannot be kept unutilized. The government cannot allow its misuse too,' he said.
As per the conditions, to claim exemption for an acre of land, the commericail enterprises have to ensure an investment of Rs 10 crore and creation of minimum of 20 job opportunities, he said while explaining the decisions taken at cabinet meeting.
'The conditions will be applicable for sectors such as IT, health, education, industry and tourism. The allocated land cannot be kept unutilized. The government cannot allow its misuse too,' he said.
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