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Home Banking & Finance

UP has 1,100 plots for MSMEs in YEIDA area

Fiinews by Fiinews
August 29, 2021
in Banking & Finance, Investment, Projects
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New industry policies based on the interactions with industry leaders

The Uttar Pradesh Government has allotted 1,100 plots to apparel, toy manufacturers along with micro, small and medium enterprises (MSMEs) and other industries in the Yamuna Expressway Industrial Development Authority (YEIDA) area, Industrial Development Minister, Satish Mahana told an ASSOCHAM virtual conference on 26 Aug 2021.

Addressing the ASSOCHAM Members in a virtual conference on ‘Building State Capabilities for Global Value Chain-Uttar Pradesh’, he highlighted the industry-friendly policies of UP. “Trust between the government and the industry is of utmost important, while we are facilitating all support, still if you have any concerns, I will request you to approach me and my department anytime and we will help resolve all the issues.”

Terming UP as the land of opportunities, Mahana said, “We have fertile land, as fast as our infrastructure is building up, I am sure that UP is now the largest industrial state across the country.”

He also said that it is really advantageous for Uttar Pradesh that both the Dedicated Freight Corridors – Eastern Dedicated Freight Corridor and the Western Dedicated Freight Corridor will pass through the state.

The state government had designed its new industry policies based on the interactions with industry leaders and incorporated most of their suggestions and recommendations. “Even during the Pandemic whenever it was felt that there is a need to tweak the policies as per the situation, we did that.”

He, however, urged the industry to coordinate with key departments to get their issues resolved at the earliest.

“I would like to request the industry that to ensure better coordination, they should also engage with relevant departments for issues related to different sectors be it power, environment, tax and others because we take up these issues at our level and bring to their notice but simultaneously if you also engage with the concerned departments, it will help resolve the issues as early as possible,” said the Minister.

Amid others who addressed the ASSOCHAM virtual meet included – Rajesh Bhatia, Chairman, UP State Development Council and CFO, UFLEX Ltd; Kushagra Nandan, Co-Chair, UP State Development Council and Co-Founder & MD, SunSource Energy; Anupam Mittal, Co-Chairman, UP State Development Council & Principal Architect Director, ARINEM Consultancy Services Pvt Ltd; Vikash Gupta, Managing Director, Threesixty and Motilal Sethi, Chairman & Managing Director, Saroj International Limited & Regional Chairman (North) CLE. #investment #industrial #economy #development /fiinews.com

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