(1) If an industry of national priority needs a land under ownership of the Government for its operation, the industry may make an application, as prescribed, setting out the area of the land required for it, to the industry registration body for the provision of the land.
(2) If an application is received under subsection (1), the industry registration body shall submit the matter to the Ministry to further necessary action on the provision of land required for the industry.
(3) If an application is received under subsection (2), the Government of Nepal may, under the prevailing law, provide such land on lease to the concerned industry for the purpose of operation of the industry.
(4) The amount to be paid by the industry in consideration for the lease of land under ownership of the Government of Nepal under subsection (3) and other terms on lease are as set out in the agreement between the Government of Nepal and the concerned industry.
(5) If an industry in operation upon obtaining any land on lease under this Section fails to operate for any reason, the lease agreement of the land provided by the Government of Nepal under subsection (3) becomes ipso facto void, and such land is considered to be ipso facto returned without any terms to the Government of Nepal.
(6) Other provisions on the provision of land on lease to industries shall be as prescribed.