DIPP moves to sell salt lands to states, PSUs at market rates

As per latest news, the Commerce and Industry Ministry is planning to sell the vast chunk of idle salt land to public sector enterprises or state governments at market rates so that it can be utilised for productive purposes.

The Department of Industrial Policy and Promotion (DIPP) has floated a draft Cabinet note on the matter seeking views of different ministries. “About 60,000 acres of salt land are in different states. Some land has been encroached, some are into litigations. The idea is to distribute the land to government departments or to sell it to PSUs or states at market rates,” an official said.

Source: The Economic Times