Control Print Ltd Secures Land Lease for Manufacturing Unit in Assam
Control Print Ltd has entered into a Lease Agreement(s) with the Assam Industrial Development Corporation Limited (AIDC) to establish new manufacturing units in Assam. The company has taken possession of the land associated with this agreement, which falls under the UNNATI scheme.The Lease Agreement(s) grant the company the right to use the land for a period of 60 years, with an option for a further renewal period of 30 years, effective from April 04, 2026.
Agreement Details
The agreement with Assam Industrial Development Corporation Limited (AIDC), a Government of Assam Undertaking, covers the lease of land for the establishment of manufacturing facilities.The scope of the business operation under the agreement involves setting up a new manufacturing facility for activities related to extrusion, coding and marking products, and food co-packaging units. Control Print Limited aims to build high standard industrial infrastructure in Assam to support the growth of local industries.
For setting up these units, the company is undertaking activities under the Uttar Poorva Transformative Industrialization Scheme (UNNATI) - 2024.
The transaction details, including the consideration, are detailed below:
| Detail | Description |
|---|---|
| Agreement Partner | Assam Industrial Development Corporation Limited (AIDC) |
| Agreement Type | Lease Agreement(s) |
| Transaction Status | Domestic |
| Consideration Amount | ₹ 861.18 lakhs |
| Land Allotted Size | 46,823 Sqm |
The company confirmed that the acquisition does not constitute a related party transaction.
The rationale for entering into the agreement is expected to expand the business activities of Control Print Limited.
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