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 a media product that is directly dependent on support from its readers in the form of subscriptions. We do not have the muscle and backing of a large media conglomerate nor are we playing for the large advertisement sweep-stake.
Our business model is you and your subscription. And in challenging times like these, we need your support now more than ever.
We deliver over 10 - 15 high quality articles with expert insights and views. From 7AM in the morning to 10PM late night we operate to ensure you, the reader, get to see what is just right.
Becoming a Patron or a subscriber for as little as Rs 1200/year is the best way you can support our efforts.