Important order issued by Yogi Adityanath government!

Prashant Singh | Jul 21, 2020, 07:25 PM IST

With an aim to facilitate setting up industries in the state of Uttar Pradesh, Yogi Adityanath government has issued an important order. In a bid to promote industries, the Uttar Pradesh government issued an order fast tracking land allotment time to 15 days for mega, mega plus and super mega category of industrial investments.

(Photos from Reuters and https://www.facebook.com/cmouttarpradesh/)

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According to a government order issued on Monday, land allotment for mega, mega plus and super mega industrial units will be fast tracked to a maximum of 15 days after the receipt of application from investor or entrepreneur.

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"Moreover, a monthly land allotment cycle will be adopted for land allotments, which are made through e-auction. In this case, allotments for applications received up to a specified date will be done by the end of that month," the order said. It further adds, "Directions have also been issued for batch-wise land allotment within 15 days after receipt of applications up to a specified date for scheme linked allotments."

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Industrial Development Minister Satish Mahana said the government has stipulated strict timelines for allotment of land plots to different categories of investment projects under UP Industrial Investment and Employment Promotion Policy of 2017.

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In case of mega, mega plus and super mega industrial units, investment would be calculated on the basis of detailed project report (DPR) at the specified norm of minimum of Rs 2 crore per acre to ensure that the investor does not obtain land more than that is required for the project.

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Directions regarding this have been issued to NOIDA, Greater Noida, Yamuna Expressway Industrial Development Authority (YEIDA), UP State Industrial Development Authority (UPSIDA), Lucknow Industrial Development Authority (LIDA), Gorakhpur Industrial Development Authority (GIDA), Satharia Industrial Development Authority (SIDA) and Delhi-Mumbai Industrial Corridor Integrated Industrial Township Greater Noida Ltd. (DMIC IITGNL).