Uttar Pradesh Government to Unveil New 'Integrated Industrial Township Policy'
Boosting Industrial Development through Private Sector Participation
The Uttar Pradesh Government, led by Akhilesh Govt, is set to launch a novel 'Integrated Industrial Township Policy' specifically designed for the private sector. This ambitious initiative aims to foster the growth of Industrial Townships across the state, leveraging private lands and cutting-edge industrial technology.
Key Highlights of the Proposed Policy
- Industry-Friendly Approach: The new policy promises to be highly accommodating for industrialists, catering to a wide range of units and sector-specific industries.
- Competitive Environment: By offering preferences to willing industrialists to set up units within the state Industrial Corporation, the policy aims to create a competitive landscape conducive to high-class infrastructural development.
- Addressing High Demand: Given the current high demand for industrial plots, particularly around the Delhi-Mumbai and Amritsar-Delhi-Kolkata corridors, the policy emphasizes the importance of private sector participation.
Implementation Roadmap
- Policy Drafting: The Uttar Pradesh State Industrial Development Authority (UPSIDA) has been tasked with drafting the new policy within a tight 15-day deadline, incorporating suggestions from stakeholders and officials.
- Minimum Supervisory Function: The government seeks a minimal supervisory role, with the development of townships being non-transferable.
- Private Enterprise Responsibilities: Private developers are required to arrange for the land, submit detailed project plans for the township, and adhere to the master-plan prepared by UPSIDA.