“Industrial Development Authorities In UP Allot 326 Plots Attracting Rs 6,700 Crores Investment In The Last Six Months”

“Industrial Development Authorities In UP Allot 326 Plots Attracting Rs 6,700 Crores Investment In The Last Six Months”

LUCKNOW || Government of Uttar Pradesh has been aggressively pursuing industrialization led development in the state to generate new employment opportunities and uplift the economic condition of its citizens, officials of the industrial development department said on Friday.

In last 6months the Industrial Development Authorities have allotted nearly 426 acres of land (326 plots) for projects with investment size of around Rs 6,700 Crores and employment generation potential of nearly 1,35,362. This includes allotment to major investors such as Hiranandani Group, Surya Global, Hindustan Unilever, MG Capsules, Kesho Packaging, Mountain View Technologies, etc, it was informed.

A clear indication of the remarkable progress done by the state on ensuring the ease of doing business in the state, they pointed out, was the quantum jump in the State’s ranking in the recently announced Business Reform Action Plan ranking of states by DPIIT, Government of India. Uttar Pradesh bagged the 2nd position – a jump of 12 positions in last 3 years.

The State implemented record 186 reforms spread across multiple areas such as Labour regulation, Inspection regulations, Land allotment, Property registration, Environment clearances, Paying taxes and many others.

In order to reduce regulatory burden in the state, UP has started an exercise to identify Licenses/NOCs in terms of Renewals, Inspections and Registers & Records; Filings/Returns; Display Requirements. In this regard, so far 80 such compliances have been identified across 15 departments, out of which 52 such compliances have already been simplified.

One of the major reforms done by the Government was implementation of one of India’s largest digital single window portal ‘Nivesh Mitra’, providing around 166 services to the entrepreneurs. With average NoC application disposal rate of 93%, the Nivesh Mitra portal has successfully achieved an outstanding query resolution rate of 98%.

The State Government has also attracted more than 40 investment intents, including intents from companies from around 10 countries such as Japan, US, UK, Canada, Germany, South Korea, etc. worth around Rs 45,000 Crores. This includes Rs 750 crores of investments in data centre by Hiranandani Group, Rs 300 crores of investments in setting up integrated food processing unit by Britannia Industries Ltd, Rs 750 crores of investments in yeast manufacturing by Associated British Food Plc (AB Mauri) (UK).

The department also informed that Rs 200 crores of investments in consumer electronics by Dixon Technologies,

Rs 300 crores of investments in footwear manufacturing by Von Wellix (Germany), Rs 953 crores of investments in POPP, BOPET, Metalized Films Production Plant by Surya Global Flexi Films Pvt Ltd, Rs 200 crores of investments in software development by Maq Software (US), Rs 746 crores of investments in grain infrastructure equipment by Ekagrata Inc. (Canada), Rs 750 crores of investments in Electric Vehicles by Edison Motors (South Korea) and

Rs 2,000 crores of investments in Wiring harness and components by Yazaki (Japan).

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