Such rent shall be liable to be revised after every thirty years.18[] 197[. Setting up of industry.- (1) Industry other than tourism unit shall be set up within a period of two years from the date of allotment of land:
Provided that the allotting authority may, on the application of allottee, extend the period of setting up of industry upto two years. If allottee fails to use of land within such extended period, the allotting authority may on application of allottee refer the matter to the State Government for extension of above period. The State Government may extend the above period in appropriate cases.
(2) If the land is not used within the stipulated period or time extended as per provisions of sub- rule (1), the land shall revert back to the State Government free from all encumbrances.]