Editor-DN
LUCKNOW: Uttar Pradesh’s Medium, Small and Micro Enterprises (MSME) department has approved two more. Private Industrial ParkOne for Saharanpur and another for Moradabad.
Principal Secretary, MSME, UP said, “The new private industrial parks – which will have diversified units – have been sanctioned under the PLEDGE scheme. This initiative will not only boost local industries but also create new employment opportunities. will be.”
The Uttar Pradesh government had launched the PLEDGE scheme in January 2023 to promote manufacturing in the state. State under the scheme MSME Department Supports the investor who has to arrange the land.
The government helps the investor by providing a loan facility of Rs.50 lakh per acre of land at a fixed interest rate of 1% per annum. Kumar said the investors would be responsible for developing internal infrastructure and marketing it to industrial units. Investors repay this loan by selling industrial plots, which also provides them with reinvestment facilities.
Stating that private industrial parks are an important step towards industrial development in the state, he said: “The state is committed to further accelerate start-ups and industrial growth in the state through these schemes.”
With the two new parks, the total number of such parks in UP has reached 13. Parks are functioning in Jhansi and Hapur, while such parks are functioning in Kanpur, Baghpat, Barabanki, Bareilly, Chandoli, Ghaziabad, Meerut, Lucknow, and Shahjahanpur. shape
Officials pointed out that private industrial parks are crucial to spur growth in the state, especially against the target of a trillion-dollar economy.
Principal Secretary, MSME, UP said, “The new private industrial parks – which will have diversified units – have been sanctioned under the PLEDGE scheme. This initiative will not only boost local industries but also create new employment opportunities. will be.”
The Uttar Pradesh government had launched the PLEDGE scheme in January 2023 to promote manufacturing in the state. State under the scheme MSME Department Supports the investor who has to arrange the land.
The government helps the investor by providing a loan facility of Rs.50 lakh per acre of land at a fixed interest rate of 1% per annum. Kumar said the investors would be responsible for developing internal infrastructure and marketing it to industrial units. Investors repay this loan by selling industrial plots, which also provides them with reinvestment facilities.
Stating that private industrial parks are an important step towards industrial development in the state, he said: “The state is committed to further accelerate start-ups and industrial growth in the state through these schemes.”
With the two new parks, the total number of such parks in UP has reached 13. Parks are functioning in Jhansi and Hapur, while such parks are functioning in Kanpur, Baghpat, Barabanki, Bareilly, Chandoli, Ghaziabad, Meerut, Lucknow, and Shahjahanpur. shape
Officials pointed out that private industrial parks are crucial to spur growth in the state, especially against the target of a trillion-dollar economy.
