UP Government is aiming for bag investments by new Industrial Investment and Employment Policy, 2017

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यूपी सरकार का नई औद्योगिक निवेश और रोजगार नीति, 2017 द्वारा भारी निवेश का लक्ष्य

Ranvir Prasad, Managing Director, Uttar Pradesh State Industrial Development Corporation (UPSIDC), and Commissioner Director Industries, said that Uttar Pradesh has been a leader in the industrial sector, and we are doing consistent efforts to achieved this position, and also taking right steps. in effect, not only industries are coming to Uttar Pradesh from other States But also huge investment is coming from overseas. foreign investors are eager to invest in various sectors in the State after change in ease of doing business.

UPSIDC acquire the land for industrial area establishment or integrated industrial townships. it has been spearheading the industrial promotion in the State from several decades in keeping the number one position among the States.

UPSIDC has developed a record of 154 industrial areas with approximately 43,788.54 acres of land across Uttar Pradesh, out of which 28,000 acre of land have been allotted   and 12,000 acre is ready to allotment.

E-governance and ICT initiatives have been undertaken by the UPSIDC to ensure transparency and efficiency in the corporation. Till now Allottees have to undergo with different processes for the clearance, now we are working on simplified single window system to the investors. All clearances will be given through a single window system so that allottees not to face the hurdle.

Now, we are implementing an e-allotment process by which the entrepreneurs can apply online for the allotment. Earlier, this process was decentralised, and regional offices were also involved in the process, it make a lot of delays up to three to four months.  This process has helped us to get rid of interview process.

There shall be a points system on different parameters. If somewhere we receive more than one application for the same plot, the priority will be for high scores marks applicants. the allotment will be finalise in  maximum one month period from the date of application submitted.

Land allotment will be open-ended  process.where any one can apply for land online depending on the availability of land. we have eliminated the Interview process for the allotment, it was highly discretionary. It will also reduced the time limit for allotment.

We have requested to Chief Minister for the time to discuss to launch around 1,800 plots in the state and as and when we get time, we will launch this for the entire state. This allotment will be an open-ended process and people will have not to wait for the advertisements to apply.

UPSIDC primary responsibility is investment promotion and allotment of land. We have identified various land, which can be given to industrialists for establishing different kind of clusters like defense, food processing, electronic manufacturing cluster (EMC) etc.

We are also in the process of finalising requirements of an Enterprise resource planning (ERP) for our organisation and all end-to- end processes of UPSIDC shall be put on ERP.  Its implementation will create seamless process for industrialists, our employees and citizens.  We look forward to implement ERP in another five to six months and after that we shall be expanding our work to provide different services to industrialists.

The government is aiming for bag investments in the state through the new Industrial Investment and Employment Policy, 2017 where we have various kinds of incentives in it. we are modifying the definition of mega projects which qualify for incentives, also added requirement of labour. An industry who does not invest that much in plant and machinery, but is able to provide employment to large population up to 1,000 will be able to qualify for mega projects. which itself is a great innovation.

Secondly, we are also making a provision to provide incentives to private industrial parks. Nowadays, government institutions are facing the problem to acquire land for industrial parks after the land acquisition bill by which we have to pay four times of the market rates to the land lord, which makes industrial land very expensive.

Now any private party who want to developed the 50 acres or above area as an industrial park, can apply and get loan and interest subsidy from government on the purchase of that land for developing the industrial park. We will provide various kinds of facilitation to set up industrial park. This is also one of the innovations and we expect lot many industries will come in forefront.

There are too many advantages of investing in UP. we are one of the largest number of MSMEs across the country and we are expecting for additional growth to sectors like plastic, leather, garments, hosiery, manufacturing etc. we are also expecting for huge investments in heavy industries like defense clusters, electronics manufacturing, chemical and textile industry investment, etc.

A lot of mobile companies and electronics manufacturing cluster are coming in UP, and we are dedicated to provide ancillary support to those companies. we are also focusing on information technology, ITeS, electronics manufacturing, agro and food processing, dairy, green energy, hand loom, textile and tourism.

Tronica City News Group

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