GREEN ENDEAVOUR: Minister for Major Industries J. Geeta Reddy at the inaugural session of the Green Business Summit-2005 in Hyderabad on Thursday. - Photo: Mohd. Yousuf

HYDERABAD: Giving a fillip to the industrial sector, the State Government has allotted 1,000 acres of land near Jadcherla in Mahabubnagar district for setting up of a Green Industrial Park.

The park will be thrown open to non-polluting industries that are engaged in the manufacture of green products.

The Government is prepared to give 25 per cent subsidy, subject to a maximum of Rs. 5 lakhs, for industries keen on acquiring environmental-friendly technologies, Major Industries Minister J. Geeta Reddy has said.

The park will be developed jointly by the Confederation of Indian Industry and the State Government.

Advantages

Entrepreneurs coming forward to invest in the park will have the advantages of availing tax holidays, single window clearances, speedy clearances of applications and uninterrupted power supply, besides provision for soft loans and management information systems.

Dr. Geeta Reddy, who formally inaugurated a brochure released by the CII about the park on Thursday, said that the Government was committed to industrial development but not at the expense of environment.

Speaking to reporters later, CII-Sohrabji Godrej Green Business Centre (GBC) chairman Jamshyd N. Godrej said private developers would be involved in the development of the land at the green industrial park and the criterion for setting up of units laid down shortly.

Infrastructure

The park would have proper infrastructure like connectivity and the CII was proposing to constitute a steering committee to oversee the procedural aspects.

Meanwhile, the GBC, in association with the US-based World Resources Institute, decided to launch a campaign to promote sustainable use of energy and water to mitigate greenhouse gases.

The campaign would take on board all the energy-intensive industries like power generation, paper & pulp and cement by identifying specific projects aimed at efficient use of energy and help the industries implement them.

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