India's UP state cabinet approves policies for MSMEs, leather sector
The first is aimed at boosting the state's share in the export of leather and non-leather products and attracting investment. It also aims at technology upgradation and modernisation, launching training programmes to improve quality of products, create a workforce for the industry and provide jobs.
India's Uttar Pradesh state cabinet recently cleared two policiesâ€'the Uttar Pradesh Footwear, Leather and Non-Leather Area Development Policy 2025 and the UP MSME Audyogik Aasthan Prabandhan (allotment) Policy. The first is aimed at boosting the state's share in the export of leather and non-leather products and attracting investment. The second will allot land to MSMEs at low rates.
The state government had recently sent teams to China and Japan to attract investment in this sector. It is developing mega leather parks in Kanpur, Agra and Unnao.
Nearly 44 lakh jobs are expected to be created in the sector in the next five years, the state government said.
The second policy will allot land to micro, small and medium enterprises (MSMEs) at low rates, according to media reports from the state.
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.
Fibre2Fashion News Desk (DS)
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India's UP state cabinet approves policies for MSMEs, leather sector
India's Uttar Pradesh (UP) state cabinet recently cleared two policies—the Uttar Pradesh Footwear, Leather and Non-Leather Area Development Policy 2025 and the UP MSME Audyogik Aasthan Prabandhan (allotment) Policy. The first is aimed at boosting the state's share in the export of leather and non-leather products and attracting investment. It also aims at technology upgradation and modernisation, launching training programmes to improve quality of products, create a workforce for the industry and provide jobs. India's Uttar Pradesh state cabinet recently cleared two policiesâ€'the Uttar Pradesh Footwear, Leather and Non-Leather Area Development Policy 2025 and the UP MSME Audyogik Aasthan Prabandhan (allotment) Policy. The first is aimed at boosting the state's share in the export of leather and non-leather products and attracting investment. The second will allot land to MSMEs at low rates. The state government had recently sent teams to China and Japan to attract investment in this sector. It is developing mega leather parks in Kanpur, Agra and Unnao. Nearly 44 lakh jobs are expected to be created in the sector in the next five years, the state government said. The second policy will allot land to micro, small and medium enterprises (MSMEs) at low rates, according to media reports from the state. 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. Fibre2Fashion News Desk (DS)
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