The ease of access to industrial land is apparently the key for a blooming industrial ecosystem, leading to rapid economic growth and surge in the jobs. To facilitate the growth, the government institutions develop the land and attendant infrastructure, mindful of the need of industries. Between the multiple administrative and regulatory procedures involved, investors usually look up to government institutions to make land management processes cost efficient and hassle free. Considering the Indian scenario, the government can act as a great enabler here for investor relish!
Transforming land lifecycle digitally
A life cycle is considered successful when there is an end to end completion and execution of the processes involved. By capturing the data using the Geographic Information System (GIS) and remote sensing, a library of the land is created and save in digital land bank systems. Such digital land banks lay the foundation. However, a lot is yet to be done around streamlining transactions and processes involving development authorities and investors on a day to day basis. Process like Data Migration, Tract Ownership, Permitting, Leasing, Agreements, Instruments / Recordings, Depth Restrictions, Landman Time & Expense, Payment Management, and many others are still carried out manually and need attention. In majority, the existing systems are unscalable and are not replicable.
Thusly, in a bid to inspire confidence in investors and raise industry competitiveness, states and countries need to revamp existing systems and make processes around land allotment and post allotment as seamless as possible. Since government designated authorities develop the land and offer them at subsidized prices, automation of these processes Will helps in maximizing the ROI and minimize the risk. As the automation can generate decision making information, transparency is the cherry on the cake.
Based on spatial information technologies and serious research on land use and management, an efficient and automated module can be developed. The solution could provide land use and management with the real-time information and realizes functions like property search map, map search function, visual inquiry of land information and dynamic innovation of spatial graphic data. It raises the efficiency and level of primary level land management. Today, a working and practical solution need features like:
Three major innovation points:
The Road Ahead
National Industrial Corridor Development Corporation (NICDC) Programme is India’s most ambitious infrastructure programme aiming to develop new industrial cities as “Smart Cities” and converging next generation technologies across infrastructure sectors. Govt. of India is developing various Industrial Corridor Projects as part of National Industrial Corridor programme which is aimed at development of futuristic industrial cities in India which can compete with the best manufacturing and investment destinations in the world. The same will create employment opportunities and economic growth leading to overall socio-economic development.
The roadmap may seem long and attracts many bottlenecks. But by adopting technology as a backbone for attracting such scale of investment, is achievable and certainly realistic. A digital solution for LMS can provide investors the flexibility to apply for plots of their need. Procrastinations and delays associated with investor selection processes could be minimized through automation. Finally, all transactions, payments & documentation are done online on the click of a button and in a very streamlined fashion, maintain the transparency.