Latest news with #NiveshMitra
Hindustan Times
4 days ago
- Business
- Hindustan Times
Performance under review, Udyami Mitras to be held accountable
Udyami Mitras in Uttar Pradesh will now be held accountable for the tasks assigned to them, with their performance under review. Alongside them, the work of deputy commissioners of the District Industries Promotion and Entrepreneurship Development Centres (DICs) is also being assessed. Tasked with assisting investors in bringing their investment to the production stage by acting as a bridge between the district administration and entrepreneurs, the state government has appointed 115 Udyami Mitras in all 75 districts and key industrial development authorities. Three Udyami Mitras are reporting at the Invest UP's office in the state capital for review of their work everyday. This exercise which began on June 2 will continue till July 8. Udyami Mitras have to connect investors with district magistrates, industrial authorities and officials concerned to ensure that the MOUs and investment proposals get rolling. 'Udyami Mitras have to ensure investors do not have to run from pillar to post to get various clearances for their projects. They have to assist investors in acquiring land, power connection, water supply and all other necessary approvals and ensure timely execution of projects,' Invest UP officials said. The Invest UP has invited deputy commissioners of DICs and Udyami Mitras from across the state to present district-wise progress reports at its office in the state capital. Representatives from three districts are making presentations in a standardised format on a daily basis. 'These presentations cover key areas, including the current status of land inventories and sick industrial units, progress made in investment facilitation and project execution, challenges faced on digital platforms such as Nivesh Mitra, and data-driven insights along with proposed action plans for further improvement,' according to Invest UP officials. Each Udyami Mitra and DIC will support 180 units by assessing their current status and identifying key areas for assistance, including land availability and necessary NOCs, to facilitate commercial production. Before this exercise began on June 2, teams from Invest UP, including general managers and assistant general managers, along with respective Udyami Mitras, conducted visits to 14 districts across four divisions from May 26 to 30. District teams have also been directed to get available land parcels listed and mapped, while also identifying and repurposing sick unit land for industrial use. To ensure continuous progress, follow-up review meetings will be held every three months. 'Udyami Mitras have been made accountable for the task assigned to them. Their work is being reviewed. They have been assigned projects (investment proposals/MOUs) and will have to ensure their commercial rollout,' state industrial development minister Nand Gopal Gupta 'Nandi', said. 'This step has been taken to fix accountability for every Udyami Mitra and to ensure that each project reaches production stage,' the minister added. With this initiative, Invest UP continues to drive district-level project execution, seamless investor engagement, and timely onboarding of projects for the upcoming Ground-Breaking Ceremony (GBC), officials said.
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Business Standard
5 days ago
- Business
- Business Standard
New to investing? BSE's free Nivesh Mitra app helps you learn without risk
BSE Nivesh Mitra allows users to simulate market participation in equity and mutual funds using actual historical data, as per SEBI guidelines. Sunainaa Chadha NEW DELHI Thinking about investing in stocks or mutual funds but don't know where to start? You're not alone — and now you don't have to jump in blind. BSE, India's oldest stock exchange, has launched BSE Nivesh Mitra, a free, easy-to-use learning app for anyone who wants to understand how the markets work — without actually spending real money. And the best part? It's backed by market regulator SEBI, which means it's completely educational, unbiased, and safe. What can you do with the app? Step-by-step guidance on how to open a demat/trading account Simulated investing in stocks & mutual funds using virtual money Personalised risk profile with suggestions on how to balance your portfolio Short, clear videos on how mutual funds and markets work A user-friendly dashboard to track your "investments" and practice decisions The app aims to democratize financial literacy by providing aspiring investors with a risk-free, simulation-based learning environment that mirrors real equity and mutual fund markets using virtual currency. Unlike typical investment platforms, BSE Nivesh Mitra is purely educational, offering no investment advice or promotional content. The app allows users to learn how to open a trading or demat account, assess their personal risk profile, and simulate investments using historical market data. Users can explore equity and mutual funds with guided support, interactive dashboards, and a growing library of explanatory videos — all without needing an actual trading account or prior investment experience. 'Investor education is a key mandate for SEBI and this app forms part of a broader mission to build a financially informed population and promote responsible investing. With BSE Nivesh Mitra, we now have a practical tool that is free and accessible to all that introduces new investors to the realities of market participation without the attached risk.' said Shashi Kumar Valsakumar, Executive Director, SEBI. The app is available for free on both the Apple App Store (Nivesh Mitra on the App Store) and Google Play Store (Nivesh Mitra (Beta) – Apps on Google Play). Plans are underway to expand the platform by including other exchange-traded products in future updates. "Investor awareness and education are prime areas of focus for BSE, and BSE Nivesh Mitra is setting a benchmark on how exchanges can play a proactive role in investor education. By equipping individuals with the knowledge and confidence to navigate financial markets, the app is a contribution from the exchange in creation of a more inclusive and robust investment ecosystem," said Sundararaman Ramamurthy, MD & CEO, BSE.
Time of India
5 days ago
- Business
- Time of India
Factory Act reforms help labour dept perform better
Lucknow: Reforms in the Factory Act and initiatives to ease working conditions have helped the labour department perform better over the years. The number of registered factories rose from 13,809 in 2016 to 27,453 in 2025. Tired of too many ads? go ad free now The department recently secured fourth position in the A+ category on the Darpan dashboard and ranked second in the state for e-office operations. "Govt has introduced several impactful reforms under the Factory Act, benefiting both entrepreneurs and workers. Key among these is the revision in employee thresholds for factory registration from 10 to 20 for power-driven units and from 20 to 40 for non-power-driven units," said an official. To make it easier for women in the workforce, night shifts were allowed for them under specific safety and transportation conditions. Efforts are also underway to permit women to work in 13 previously restricted processes. The official said that the Factory Act Management System introduced by the state govt has been instrumental in advancing industrial growth and ensuring regulatory transparency. With 27,453 factories currently registered, 24 new registration applications and 37 amendment requests are under process, while renewal reminders have been issued to 1,522 factories. "Digital reforms have made Factory Act services more accessible, efficient and transparent. Processes such as registration, amendments, inspection checklists, reporting, comments and compliance are now fully online and streamlined. The introduction of auto-mode for renewals has eliminated human intervention. At the same time, real-time monitoring, utilising GPS, photo-video uploads, and digital tracking of follow-ups, has enhanced the credibility of inspections," he said. Tired of too many ads? go ad free now Factory owners have been provided reasonable time to address compliance issues following an inspection and no prosecution is initiated without prior approval from higher authorities. Out of 14 factory-related services, 10 have been integrated with the Nivesh Mitra portal, with five of them operating in auto mode.
Time of India
7 days ago
- Business
- Time of India
Dist wise review of Udyami Mitras, DICs to boost investments
Lucknow: To boost investments and ensure effective ground-level implementation of industrial projects, Invest UP — the nodal agency for investment promotion in Uttar Pradesh — initiated a comprehensive review of Udyami Mitras and Deputy Commissioners of District Industries Promotion Entrepreneurship Development Centres (DICs). Tired of too many ads? go ad free now The exercise began on Monday under chief secretary and commissioner for infrastructure and industrial development, Manoj Kumar Singh, and principal secretary, infrastructure and industrial development, Alok Kumar. It will continue until July 8. "The initiative reflects upon the state's unwavering commitment to accelerating industrial development and realising the ambitious vision of becoming a one trillion dollar economy. At the heart of this exercise are 115 Udyami Mitras, who serve as dedicated facilitators across all districts and industrial development authorities. "Their role includes connecting investors with govt systems, easing navigation through policies, supporting land acquisition, and ensuring the timely execution of industrial projects," an official spokesperson said. In the exercise, representatives from three districts are making presentations in a standardised format. It covers key areas like the status of land inventories and sick industrial units, progress made in investment facilitation and project execution, challenges faced on digital platforms such as Nivesh Mitra, and data-driven insights along with proposed action plans for further improvement. "This is the first time DIC officials are participating directly in such an extensive review, marking a significant step toward enhanced interdepartmental coordination. Tired of too many ads? go ad free now The district-wise presentations also aim to identify unique strengths and opportunities, with special events to be organised for showcasing investment potential at the local level," the spokesperson said. Speaking on the initiative, the chief secretary said: "Udyami Mitras play a critical role in investor facilitation on the ground. This systematic review will help identify gaps, build stronger district-level strategies, and reinforce Uttar Pradesh's position as a premier investment destination."
Hindustan Times
31-05-2025
- Business
- Hindustan Times
Kanpur to get U.P's first footwear park
The Uttar Pradesh State Industrial Development Authority (UPSIDA) is setting up the state's first dedicated footwear park in Ramaipur, Kanpur, covering 131.69 acres. Aimed at supporting Micro, Small and Medium Enterprises (MSMEs), the ₹80 crore project will provide integrated infrastructure under a Plug & Play model. In the first phase, 75 industrial plots have been planned, of which 26 plots are now available for allotment through the state's single-window portal, Nivesh Mitra. The allotment rate is set at ₹4,600 per square metre, officials informed on Saturday. UPSIDA CEO Mayur Maheshwari said, 'The proposed footwear park in Kanpur will not only boost regional industrial development but also generate thousands of employment opportunities.' As part of the application process, investors are required to deposit 5% of the land cost at the time of submission. An additional 20% is to be paid within 60 days of the allotment letter. The remaining 75% of the land cost can be paid in equal instalments over three years, with an annual interest rate of 10%. To encourage early investment, UPSIDA is offering a 2% rebate on land costs for those who complete full payment within 60 days. Anchor units investing in the park are also eligible for a 10% special rebate, officials said. The industrial park will follow a Plug & Play model, offering plots equipped with essential infrastructure such as electricity, water, and roads. This will enable investors to begin production at a faster pace while reducing setup time and operational delays.
