- Concept: Land banks are created by governments to hold land for future development.
- GoI is creating a “National Land Bank Portal” mapping 5 lakh hectares.
- It integrates existing GIS-enabled land banks from 21 states.
- Facilitating Industrial Development:
- Offers land to private investors immediately, avoiding lengthy acquisition.
- Investors know land is acquired and available, reducing political problems.
- Provides details on logistics, connectivity, and raw material supply.
- Makes it easy for investors to locate land and start projects.
- Aims to boost manufacturing and attract investments.