Chandigarh, April 1 -- The state government on Tuesday approved reforms in the policy for the conversion of leasehold industrial plots and sheds to freehold.

Minister Sanjeev Arora, who holds the portfolios of industries and commerce, investment promotion, power and local government, said the cabinet has also approved rationalisation of post-allotment services for freehold plot holders.

The reforms, finalised after consultations with industry stakeholders, aim to boost ease of doing business and create a transparent, investor-friendly industrial ecosystem, he added.

Highlighting decisions, Arora said that major reforms include leasehold to freehold conversion by charging a conversion fee of 5% and 100% exemption on stamp duty for conve...