Yogi govt sets 15-day deadline for land allotment to attract investors in state

The Yogi Adityanath government has set a deadline of 15 days for allotment of land after it receives an application. The move, being taken to improve ease of doing business in the state, is aimed at attracting investors.

The Uttar Pradesh government has issued an order, setting timelines for allotment of land for various categories of investment projects under the UP Industrial Investment and Employment Promotion Policy, 2017.

 It states that land allotment for mega, mega plus and super mega industrial units will be fast-tracked to be completed within 15 days of receipt of application.

A monthly cycle for land allotment will be fixed, under which allotment through e-auction for applications received by a certain date, will be carried out by the end of the month.

 The steps, aimed at improving ease of doing business in the state, will be implemented by land owning agencies like Noida, Greater No ida, Yamuna Expressway Industrial Development Authority, UP State Industrial Development Authority, Lucknow Industrial Development Authority (LIDA), Gorakhpur Industrial Development Authority, Satharia Industrial Development Authority and Delhi-Mumbai Industrial Corridor Integrated Industrial Township Greater Noida Ltd.

According to UP Industries Minister Satish Mahana, “UP is getting investment proposals from many multi-national and national investors, especially in focused sectors like defence, aerospace, logistics, warehousing and electronics manufacturing. To build investor confidence in the state, it is necessary to have land available and a policy for quick allotment.”