Uttar Pradesh launches new industrial policy to achieve 1 trillion-dollar economy

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The much-awaited new industrial development and EMPLOYMENT generation policy ofUttar Pradeshwas cleared by the state cabinet.

Assuring that the new policy would ensure the continuity of success scripted during the previous policy term, Nandi claimed that learnings from the past, feedback from the and opinion of experts has been integrated well to come up with a comprehensive document. Infrastructure and Industrial Development Commissioner, Arvind Kumar said,

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“The new framework aims to make Investment in UP easier and mutually beneficial to investors from any part of India and the world.”

Citing some salient features, they pointed out that the new policy offers investment in four categories namely – large (Rs 50-200 crore),Mega(Rs 200 – 500 crore),Super Mega(Rs 500 – 3,000 crore) andUltra Mega(Rs 3,000 crore or more).