New policy to attract def manufacturing units

| | Lucknow
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New policy to attract def manufacturing units

Wednesday, 04 December 2019 | PNS | Lucknow

The state government has decided to formulate a new policy to attract defence manufacturing units in the proposed Defence Corridor along Bundelkhand Expressway by providing incentives more than those announced by the Tamil Nadu government for units to be set up along the corridor there.

The cabinet gave its approval to the new policy called ‘UP Defence Industrial Aerospace and Manufacturing Policy’ at a meeting chaired by Chief Minister Yogi Adityanath. Industrial Development Minister Satish Mahana said the UP government had announced a subsidy of 25 per cent on land against the subsidy of 20 per cent announced by Tamil Nadu government for the same purpose.

“Besides, the UP government will ensure fencing of the land and supply of power, and free-of-cost drinking water apart from good roads for commutation. The government will provide the best possible infrastructure for industrial units,” Mahana announced.

“Along with these benefits, new industrial units will get 100 per cent subsidy on stamp duties while subsidy will be given for import and export on transportation expenditure,” the minister said. The policy will be implemented before the Defence Expo to be held in Lucknow in the first week of February next year.

Meanwhile, the UP government approved a 15-km metro rail linking Sector 71 of Noida to Knowledge Park in Greater Noida. Mahana said that the new metro corridor would cost around Rs 2,682 crore and would be completed in three years. Of the total stretch, 5 km is in Noida and the rest in Greater Noida.

 

Power loom:

The state government introduced revised system to provide power subsidy to power looms and announced to provide solar-driven power loom of 1HP and 0.5HP.

State spokesperson Sidharth Nath Singh said that earlier, there was no restriction on subsidy but now weavers with power looms of 1HP will get a subsidy of 240 units at the rate of Rs 3.50 per unit while weavers using 0.5 HP loom will get 120 units per month at the rate of Rs 3.50 per unit.

He said that earlier, the government used to pay Rs 150 crore as subsidy for 97,000 connections but now power connection had reached to 2.57 lakh loom consumers and subsidy gone up to Rs 900 crore, hence such decisions were taken.

Singh said that during investigation, it was found that there was misuse of the subsidy and even ice factories were working in the name of loom.

The cabinet has also approved the proposal of expansion of five nagar panchayats and two municipal corporations. Nagar panchayat Shohratgarh of Siddharthnagar, Tambaur Ahmadabad of Sitapur, Maharajganj of Rae Bareli; municipal councils of district Jalaun, Konch, Khalilabad of Sant Kabir Nagar and expansion of limits of Lucknow and Varanasi municipal corporation were also approved.

The cabinet also approved conversion of 11 gram panchayats into nagar panchayats. The proposed nagar panchayat to be formed are in villages Brijmanganj of Maharajganj, Bhanpur of Basti, Nighasan of Lakhimpur Kheri, gram panchayat Belhar Kala and Belhar Khurd of Sant Kabir Nagar, Gram Sabha Barnahal of Mainpuri, Biskohar of  Siddharthnagar, Kachgaon of Jaunpur, Bagh Nagar alias Bhakhira Sant Kabir Nagar, Kurthijaferpur and Para of Mau, Suwansa  of Pratapgarh  and Vadpur city of Siddharthnagar.

The proposal to include 29 villages of Tehsil Sadar of Sultanpur in Tehsil Baldirai was also approved.

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