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Yogi approves New Industrial Policy, aimed towards underdeveloped regions

By Newsd
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Source: TheIndianExpress

According to a UP government spokesperson on Friday, the new industrial policy of Uttar Pradesh has been approved by Chief Minister Yogi Adityanath. The policy promises ease of doing business, tax relief and continuous power supply to the people. It also aims at promoting industries in the underdeveloped regions of UP like Purvanchal and Bundelkhand.

 The spokesperson said, “The CM has approved the draft of the new industrial policy after some amendments. It will be uploaded on the website of the department for suggestions and objections of people before finalising it and presenting it before the state cabinet”.

“Mr Adityanath has carefully gone through the key points of the UP Industrial Investment and Employment Promotion Policy, 2017, before approving the draft,” he added.

The new industrial policy will help in the promotion of industries established in Purvanchal and Bundelkhand regions. It will also seek to simplify the procedure for development of fundamental infrastructure.

Read more: Uniformity in power supply in Uttar Pradesh: Yogi Adityanath

However, UP Industries Minister, Satish Mahana said, “The government will unveil the policy in the next two-four weeks”.

The policy will also focus on information technology start-ups, electronics, agriculture, food processing, handloom and others. It will also give special attention to an uninterrupted power supply to industrial units.

“As far as power is concerned, we are going to give open access to it. Industrialists and investors can purchase power from a private party. This open-access thing was not there in UP till date,” Satish added.