In a bid to boost economic activity and to project Uttar Pradesh as an attractive destination for industries to set base, the State Government led by Chief Minister (CM) Yogi Adityanath on Monday (20 July) issued orders to fast rack land allotment time to just 15 days for mega, mega plus and super mega category of industrial investments, reports Financial Express.
In addition to the fast-tracking of land allotment, the Yogi government has also directed the adoption of a monthly land allotment cycle under e-auction model. Under this, land allotments for applications received by the government up to a specified date will be done by the end of that particular month.
The directions have been issued under the UP Industrial Investment and Employment Promotion Policy of 2017 which aims to facilitate the rise of Uttar Pradesh as the preferred destination for industries to do business.
UP's Industrial Development Minister Satish Mahana has said that the state government has been receiving proposals from many multi-national and national investors, especially in sectors like defence, aerospace, logistics, warehousing and electronics manufacturing et cetera.
"Therefore assured availability and allotment of land within defined time-limits is imperative for not only improving ease of doing business but for attracting big ticket investments into the state,” Mahana was quoted as saying.
As you are no doubt aware, Swarajya is, all in all, a reader-subscription-backed business model and in order to make sure we build a media platform with only the best interests of India at heart, we need your backing.
And in challenging times like this, we need your support now more than ever—to continue bringing you stories that are often shrugged off.
For us to invest in quality reporting and continue bringing you the right stories, it takes a lot of time and money.
Partner with us, be a patron or a subscriber. We need your support, throughout.