With an aim to bring investments in Uttar Pradesh the state government is formulating a fresh Integrated Industrial Township policy that would pave the way for developing industrial townships in Uttar Pradesh.
Under the proposed policy the private enterprise will be responsible for developing the township equipped with industrial technology and design and its maintenance.
Principal Secretary, Infrastructure & Industrial Development Department (IIDD) Surya Pratap Singh said that proposed policy will provide option to willing industrialists and entrepreneurs to set up their units in industrial areas other than those of UPSIDC and industrial development authorities, creating a healthy competitive environment for high-class infrastructure development.
"In view of rising demand of industrial plots and need for accelerated industrial development around the alignments of Delhi-Mumbai and Amritsar-Delhi-Kolkata Industrial Corridors, private sector participation is imperative. Priority sectors of the State government will be especially encouraged and appropriate tax and duty concessions will be included in the new policy," he said.
Directing the UPSIDA to prepare and present the draft of new policy within two weeks after taking feedback of stakeholders Principal Secretary said that government should have minimum regulatory function along with provision for making the development of township non-transferable.