Under this policy, 25 per cent of the available land in any particular area would now be reserved for marginal and small industries, official sources said here today.
Besides this, 25 percent of the available land would also be reserved for industries which can promote special industrial products and give impetus to the scientific entrepreneurship and technology development of the backward areas.
Remaining 50 per cent of the land would be allotted through "selective lottery" system with certain clauses.
The sanctioning authority for the land allotment will be a board headed by the industries minister. Meanwhile, the source added that there are chances that the board can re-look at the policy under which prices of industrial plots have gone up considerably.
An industrial plot will now be 125 per cent more than the last highest bid price in that particular notified industrial area. This is being interpreted as nearly 200 per cent increase in the industrial land prices since the last bidding process in 2006.
The new policy was formulated as a substantial chunk of land is still available at the key Haridwar, Pantnagar and other industrial areas, which are being developed by the State Industrial and Infrastructure Development Corporation of Uttarakhand Ltd (SIDCUL).
According to an estimate, nearly 300 acres of land is available in both Haridwar and Pantnagar industrial estates where top companies like Tata Motors, Hero Honda, Ashok Leyland, Nestle etc have set shops.
