Latest news with #EODB
Hindustan Times
3 days ago
- Business
- Hindustan Times
U.P. govt to offer more incentives, flexibility in new EODB measures
The Yogi Adityanath government in Uttar Pradesh is preparing to introduce new ease-of-doing-business (EODB) measures under the PLEDGE (Promoting Leadership and Enterprise for Development of Growth Engine) Park Scheme, which is being revamped to offer developers more flexibility and incentives, officials said. According to the state government, the MSME department has drafted a detailed proposal for amending the existing provisions of the PLEDGE Park Scheme to make it more developer-friendly. Once approved, these changes will provide new advantages, including land use flexibility and reduced development charges. At present, the scheme allows private investors to establish industrial parks on 10 to 50 acres of land, offering benefits like stamp duty exemption, subsidised interest rates on loans, and financial support. The proposed amendments aim to boost participation by introducing significant reforms. These include permitting up to 10 per cent commercial and business activities within the parks, easing land use conversion regulations, and offering concessions in development charges, officials said. To fast-track industrial park approvals, the revised policy may authorise the director and commissioner of industries to approve layouts and building maps. Further, the uniformity in stamp duty rates for PLEDGE Park-related transactions is being prioritised, and the power to approve stamp duty exemptions may also be extended from district magistrates to deputy commissioners of industries, officials said. The government plans to develop a better road network to and from the parks. Developers will also benefit from relaxed norms reducing the required external road width from 12 metres to 7 metres.
Hindustan Times
14-05-2025
- Business
- Hindustan Times
Ahead of ground breaking ceremony: Set up 10 anchor units under industrial policies, create 78K acre land bank, says CS Manoj Kumar Singh
Chief secretary Manoj Kumar Singh has issued directives to expedite investment projects and prepare eligible projects for the upcoming Ground-Breaking Ceremony (GBC) as part of the state's push towards a $1 trillion economy. Singh, while chairing a review meeting at Lok Bhawan, here on Tuesday, instructed departments to establish at least 10 anchor units under various industrial policies and ensure the timely inclusion of eligible projects in the GBC. He emphasised refining policies in consultation with industry associations and stakeholders to foster a more investor-friendly environment. Departments have been asked to create a 78,000-acre land bank by utilising LDA land, under-utilised department land, and land from sick units. District magistrates and VCs have been tasked with meeting specific land allocation targets. Singh also stressed regular updates on the PM Gati Shakti portal to streamline project execution and directed departments to actively utilise the platform for gap analysis and data management. Invest UP CEO Vijay Kiran Anand reviewed projects exceeding ₹200 crore and urged departments to expedite account management and maintain consistent coordination at the ACS and PS levels. He emphasised effective implementation of 34 operational policies to improve the Ease of Doing Business (EODB) for existing and prospective investors. The officials from key sectors, including UPNEDA, IT & Electronics, tourism, textile, horticulture, dairy, MSME, civil aviation, and UPSIDA, attended the meeting.
