Business

Revolutionizing India's Land Management: CII Proposes GST-like Council and Digitization for Investment Boost

Comprehensive Land Reforms Proposed by CII

The Confederation of Indian Industry (CII) has put forward a groundbreaking proposal aimed at transforming India's land management system to enhance its global manufacturing appeal. Among the key suggestions is the establishment of a GST-like Council to streamline land reforms across the nation.

CII's land reforms pitch

Standardizing Stamp Duty and Digitizing Land Processes

To attract more investments, CII recommends standardizing stamp duty rates to a uniform 3 to 5 percent nationwide. Additionally, the proposal includes the full digitization of the land conversion process, utilizing digitally signed certificates and QR code-enabled verification for increased transparency.

Creating Integrated Land Authorities

Addressing the challenge of multiple authorities in land-related processes, CII suggests the creation of Integrated Land Authorities in each state. These centralized agencies would manage allotments, conversions, and dispute resolutions, making the process more efficient for all stakeholders.

Conclusive Titling System to Reduce Litigation

CII emphasizes the need for a conclusive titling system to ensure clear land ownership, thereby reducing litigation risks and unlocking land for investment opportunities. This move is seen as crucial for India's ambition to become a leading global manufacturing hub.