Uttar Pradesh is taking a big step to bring more business money into the state. The government has just made new work groups that will help companies put their money here. This move aims to make it easier for businesses to set up and grow, bringing jobs and making the state stronger. These new groups will quickly look at plans and solve problems for people wanting to build factories and make things. This urgent action shows Uttar Pradesh wants to be a top place for businesses right now, pushing for quick growth and more work for everyone.
Government Takes Steps to Attract More Business
The government of Uttar Pradesh has set up three new high-level groups to make it easier for businesses to invest and set up factories in the state. These groups will work to ensure land is available for industrial units, make land prices fair. simplify rules for building new structures. This move comes as part of a bigger plan led by Chief Minister Yogi Adityanath to make Uttar Pradesh a one-trillion-dollar economy.
Making Land Available for Companies
One of the main tasks for these new groups is to deal with land for businesses. There are about four lakh hectares of land marked for industrial use across different development areas like Noida, Greater Noida. the Yamuna Expressway Industrial Development Authority. But, plans for only about 1. 5 lakh hectares of this land are ready. The rest are still being worked on.
Even for older buildings with approved plans, a new approval is often needed, which can cause delays and legal issues. To fix this, the first group, led by a top official from the Planning Department, will look at how other states handle such issues. They will suggest ways to open up these marked areas for more business investment.
Chief Secretary SP Goyal, who held a meeting on August 5, noted the challenges with land availability and the need for streamlined processes. This highlights the government’s focus on clearing hurdles for industries.
Fair Prices for Industrial Land
Another vital area the government is addressing is the cost of industrial land. Businesses have found that land prices in Uttar Pradesh can sometimes be higher than in nearby states. For example, industrial land in areas like Bundelkhand Industrial Development Authority might cost more than in Gwalior, which is close by in Madhya Pradesh. This difference in price can make companies think twice about investing in Uttar Pradesh.
The second group, headed by a senior officer from the Infrastructure and Industrial Development Department, has been asked to make land prices more reasonable across the state. Their goal is to lower the cost of doing business for companies and make land more affordable. They will also review standards for things like roads and other basic facilities needed by factories.
Easier Building Rules
The third major step is to simplify the rules for building industrial structures. The current building rules under various Industrial Development Authorities can be complicated. The government wants to make these rules easier to grasp and follow.
This third group, led by a top official from the Revenue Department, will work on making the rules user-friendly. This will help businesses build more on smaller pieces of land, encouraging more investment per square foot. The group will also look at building rules in other states to find the best ways to simplify things in Uttar Pradesh. All three groups have been asked to give their suggestions within 15 days, showing how quickly the government wants to solve these issues.
Efforts to Bring in Money
These new groups are part of a wider effort by the Uttar Pradesh government to attract more business and money into the state. The state has already put in place the Uttar Pradesh Industrial Investment Policy in 2022. This policy gives financial help, like money for building new factories and buying land. It also offers lower taxes and other benefits to businesses that invest in the state.
The policy also puts a lot of stress on building better infrastructure, such as new industrial areas, special corridors for transport. improved roads, train lines. airports. The government is also setting up industrial parks and special zones for certain types of businesses like electronics and textiles.
Simple Ways to Start Businesses
To make it easy for businesses to operate, the government has been working to cut down on paperwork and make approval processes simpler. The aim is to offer a single window for all necessary permissions. The ‘Nivesh Mitra’ online portal is a good example of this, as it allows businesses to apply for many approvals and clearances online. This system has successfully processed a large number of applications.
A government statement noted that the Nivesh Mitra portal has been a “main catalyst” in improving the ease of doing business, with 94% of online applications for permits and licenses handled successfully.
Uttar Pradesh has also seen a big jump in its ‘Ease of Doing Business’ ranking, moving up to the second position in India’s State Business Reform Action Plan 2019. This shows that the changes made by the government are helping businesses.
Drawing Global Companies
The government is also actively trying to attract big international companies. The Global Capability Centres (GCC) Policy 2024 is a new plan that aims to bring Fortune 500 companies and foreign money into the state. This policy plans to create over two lakh high-paying jobs in cities like Noida, Lucknow, Kanpur. Varanasi in the next five years. It offers many benefits, including money back on land costs, no stamp duty. help with capital and running costs.
Under the ‘Invest UP’ program, the state is also focusing on bringing in foreign businesses, especially those looking to move out of China. The government has sent out special officers to talk to hundreds of international companies and is holding events in other countries to show Uttar Pradesh as a good place to invest. These efforts are part of the ‘Make in India’ program and aim to make Uttar Pradesh a key manufacturing center.
Special Help for Big Projects
For very large and vital projects, the state has also changed its Industrial Investment and Employment Promotion Policy 2022 to offer special, tailored packages. A group led by the head of ‘Invest Uttar Pradesh’ will look at these big projects and suggest specific benefits for them. This aims to make sure that major investments get the support they need quickly and easily.
