Through a series of fiscal incentives, subsidies and concessions, the new industrial policy aims to turn Uttar Pradesh into a thriving manufacturing hub of the country.
IBJ BUREAU
The new Yogi Adityanath government in Uttar Pradesh is chanting a new mantra: Make In UP. Conceptualised on the pattern of Make In India, the Uttar Pradesh government aims at making the Hindi heartland a thriving manufacturing hub of the country. This ambitious plan forms a part of the State's new industrial policy - Industrial Investment and Employment Promotion Policy of Uttar Pradesh 2017 - which was unveiled last month.
The new policy, which aims to market and promote Brand Uttar Pradesh, attract investment and generate employment, has mooted setting up a separate department for Make In UP. The State government also aims at promoting start-ups with a slew of measures, like providing venture capital fund and incubation centres. Moreover, creation of private industrial parks and estates and linking concessions and subsidies to employment generation are some of the major initiatives lined up in the industrial policy.
Besides a single-window system for time-bound clearance of all project-related works at the Chief Minister's Office (CMO), the policy also aims at providing round-the clock electricity and improving general and industrial infrastructure. The policy focuses on kick-starting the development agenda of the Yogi Adityanath-led BJP government by unleashing industrial resurgence across the State. "The new industrial and employment policy will rid UP of its image of being an industrial graveyard and turn it into the most favoured destination of investment," notes Uttar Pradesh Industrial Development Minister Satish Mahana.
Boosting infrastructure
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