In an attempt to boost industrialization, the Akhilesh Yadav government will give concessions for mega projects which in turn would attract investment of Rs 3166 crore and generate 11,645 jobs. A proposal to this effect was sanctioned by the UP cabinet ata meeting in lucknow on Monday evening.
This government decision will pave the way for investments from industries like lG Electronics India PVT ltd, M/S Sparsh Industries (P) ltd, Sukhbir Agro Energy ltd, M/S Bennet Universities, Ahser Agro ltd in UP.
“The total investment would be to the tune of Rs 3166 crore and this in turn would generate 11,645 jobs,” a government spokesman said and added that these industries will set up their units in the next 7-8 years.
The government has also decided to set up a separate cluster group which will invest more than Rs 1000 crore. These mega projects will be given concessions for 5-7 years. A letter of comfort would be issued soon in this regard, the spokesman said.
The state government has also decided to take loan from HUDCO for construction of Agra-lucknow Expressway. The loan to the tune of Rs 1530.64 crore would be taken by UPIEDA and state government will stand a guarantee. “This loan is taken at a rate of 1 per cent and the same would be repaid through Escrow account to be operated by the state government,” the spokesman said.
Theme Park: The UP cabinet also approved amendments in the Tourism policy for setting up theme parks and amusement parks in the state. Under the amended law, investors in this sector would get cent per cent rebate in stamp duty for purchase of land. The investors will also get concessions in Entertainment Tax for 15 years and also rebate on export of machines for first 10 years of setting up of the park.
“Theme-based malls would also be included in this category. The clause of 300 acres for setting up of theme based malls has also been dropped,” a spokesman said.
SGPGI: The cabinet has also approved modular OT, structural glazing, ultra partition and false ceiling in newly constructed OPD in SGPGI. The cabinet has approved Rs 104.58 crore for this project.
Similarly, the cabinet approved the construction of library, examination hall, lecture theater and study rooms for students for state-run medical college in Allahabad. These changes would be made as per the guidelines for MCI.
Tehsil buildings: The cabinet has also approved renovation or re-construction of Tehsil and collectorate buildings. All those buildings which are in bad shape should either be re-constructed or renovated. The cabinet has asked district officials to send the proposal to the government.
The state government has decided to develop Takha Tehsil in Etawah and Maholi in Sitapur as model Tehsils. The cabinet has approved Rs 11.13 crore for Takha and Rs 11.74 crore for Maholi respectively. The cabinet also approved the construction of Fire Station in Bilaspur Tehsil of Rampur.