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Newstrack report stamped, UP govt gives nod to new industrial policy

Shobhit Kalra

Shobhit KalraBy Shobhit Kalra

Published on 4 July 2017 4:08 PM GMT

Newstrack report stamped, UP govt gives nod to new industrial policy
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Newstrack report stamped, UP govt gives nod to new industrial policy
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Lucknow: Uttar Pradesh government, on Tuesday, gave its nod to the industrial policy draft and employment promotion policy 2017.

Newstrack.com and Apna Bharat was the first to report about what would be in the industrial policy formed by the state government.

The announcement was made after the cabinet meeting held today which was helmed by the Uttar Pradesh chief minister Yogi Adityanath.

Employement promotional policy is aimed towards creating a healthy enviornment to open more job opportunities for every section of the society.

Also Read: New industrial policy of Uttar Pradesh has reached finishing line

Important decisions during Yogi's cabinet:

- Yogi government intended to promote industrial and socio economic development in the backward areas of UP, especially eastern UP and Bundelkhand.

- Units fetching a turnover of Rs 100 crore or providing jobs to over 500 people in in Bundelkhand and estern UP will be given the status of mega units.

- Units fetching a turnover of Rs 150 crore or providing jobs to 750 people in Central UP and Westrn UP, barring Gautambuddh Nagar and Ghaziabad, will be given the status of mega units.

- Units fetching a turnover of Rs 200 crore or providing jobs to 1000 people in Gautambuddh Nagar and Ghaziabad will be given the status of mega units.

After the success of Make in India programme helmed by Prime Minister Narendra Modi, the new policy aims at integration Make in UP to boost industrial development and generating jobs and stop the migration of youth in search of work.

The Yogi government aims at creating infrastructure like multi-modal logistics hubs, Special Economic Zone (SEZ) and State Investment and Manufacturing Zone (SIMZ).

Additional police posts will be set up to ensure safety of industrial units and workers and officers employed by them. This was one of the concerns expressed by investors in the past.

Shobhit Kalra

Shobhit Kalra

Writer has 10 years of experience in digital media. Presently working as Chief Sub Editor at newstrack.com. An avid reader and always willing to learn new things and techniques.

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