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New Mexico sees surge in applications for $675M broadband grants

New Mexico sees surge in applications for $675M broadband grants

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UP cabinet meeting: Two policies cleared to boost MSMEs, leather industry
UP cabinet meeting: Two policies cleared to boost MSMEs, leather industry

Hindustan Times

time26 minutes ago

  • Hindustan Times

UP cabinet meeting: Two policies cleared to boost MSMEs, leather industry

In a bid to give a boost to exports, attract investment and create jobs in the Micro Small and Medium Enterprises (MSME) sector, the state cabinet on Thursday cleared two key policies — the Uttar Pradesh Footwear, Leather and Non-Leather Area Development Policy 2025 and the UP MSME Audyogik Aasthan Prabandhan (allotment) Policy. UP chief minister Yogi Adityanath presided over the meeting of the state cabinet in Lucknow on August 7. The UP footwear, leather and non-leather development policy aims at giving a boost to the state's share in the export of leather and non-leather products and attracting investment. The UP MSME Audyogik Aasthan Prabandhan (allotment) Policy has been worked out for allotment of land to the MSMEs at low rates. Chief minister Yogi Adityanath presided over the meeting of the state cabinet that gave the nod to the two policies. Minister for finance and parliamentary affairs Suresh Khanna and minister for MSMEs Rakesh Sachan briefed media persons about the state cabinet's decisions. The footwear, leather and non-leather policy also aims at technology upgradation and modernisation, launching training programmes to improve quality of products, create a workforce for the industry and provide jobs, the ministers said. Uttar Pradesh and Tamil Nadu are the leaders in the sector. The state government had recently sent teams to China and Japan to attract investment in the sector. It is developing megaleather parks in Kanpur, Agra and Unnao. 'We hope to get investment from China and Japan etc. and nearly 44 lakh jobs are likely to be created in the sector in the next five years. We aim at creating 50% of these jobs, including for women, in Uttar Pradesh,' said additional chief secretary, industry, Alok Kumar. Under the UP MSME Audyogik Aasthan Prabandhan (allotment) Policy, the state government will develop land/sheds for the MSME sector. The MSME department had no clear policy for allotment of land/sheds for MSMEs. Parks for the MSMEs are being developed in a nearly 700-acre area. Allotment of land for the MSME would now be done through a bidding process on the GeM portal. A reserve price of ₹2500 per square metre has been decided for the MSMEs in central UP, ₹3000 per square metre in west UP and ₹2000 per square metre in east UP and Bundelkhand regions. There will be revision of rates with a 5% increase on April 1 every year. Those taking part in the e-auction for allotment of land would have to deposit 10% earnest money. There will be 10% reservation for SC/ST in allotments. 'The state government will be giving a sort of subsidy by developing these areas and providing power . A park has been already developed in Aligarh in a 97- acre area and the state government proposes to develop such parks in all the districts,' said Kumar.

New Denver improvement district heads to November ballot, aims to boost safety
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Business Journals

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New Denver improvement district heads to November ballot, aims to boost safety

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St. Louis Character: Ex-hockey pro's development firm scores big with apartments, sports complexes in St. Louis
St. Louis Character: Ex-hockey pro's development firm scores big with apartments, sports complexes in St. Louis

Business Journals

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St. Louis Character: Ex-hockey pro's development firm scores big with apartments, sports complexes in St. Louis

To Opt-Out of Targeted Advertising: Move the 'Allow Targeted Advertising On This Site or App' toggle below to the left and press 'Confirm my Choices.' To Opt-Out of other 'sales', including for list rentals and data co-ops: Please provide information on the "Opt out of Sales" Webform located on our Privacy Center. This information will not be used or disclosed for any purpose other than for processing this request. To Opt-Out of both Targeted Advertising and other 'sales', including for lists and data co-ops: Move the 'Allow Targeted Advertising On This Site or App' toggle below to the left and press 'Confirm my Choices.' Please provide information on the "Opt out of Sales" Webform located on our Privacy Center. This information will not be used or disclosed for any purpose other than for processing this request. To limit the use and disclosure of your Sensitive Personal Information: Please provide information on the "Opt out of Sales" Webform located on our Privacy Center. This information will not be used or disclosed for any purpose other than for processing this request. If you are a resident of California, Colorado, Connecticut, Delaware, Iowa, Minnesota, Montana, Nebraska, New Hampshire, New Jersey, Oregon, Tennessee, Texas, Utah, and Virginia, you have the right to opt-out of Targeted Advertising, including our 'sale' and/or 'sharing' of your Personal Information ('Opt-Out'). We and our third-party business partners use Personal Information in accordance with our Privacy Policy (see link below) to serve advertising believed to be of interest to you ('Targeted Advertising'). If you are a California resident, you also have the right to limit the use and disclosure of your Sensitive Personal information in particular circumstances. Please note that you may need to Opt-Out on each website, mobile app, browser, and device you use, and if you clear your browser cookies, you may need to repeat this process. However, if you have created an account to log in across several of our websites and/or mobile apps, we will make reasonable efforts to apply your Opt-Out request to each of those websites and apps. Please follow the steps below:

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