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New industrial policy of Uttar Pradesh has reached finishing line

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Published on 25 April 2017 11:17 AM GMT

New industrial policy of Uttar Pradesh has reached finishing line
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Lucknow: The new industrial policy being framed by the Yogi government in Uttar Pradesh to boost investment in this sector has reached the final stages, according to official sources here .

Emphasis will be laid in the new policy on development of economically and socially backward areas and improving the law and order situation in those parts and others.

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.

The government considers confidence building measures most desirable as industrialists will not invest in safer zones. In its opinion, the main reason for lack of investment was poor image of the state outside as far as the law and order was concerned.

This image was created because of reports of loot, rape and murder which were highlighted by the media outside the state.

The drought-prone Bundelkhand region and less industrially development Purvanchal area will get priority over some other parts.

The Single window system which is already in vogue will be strengthened to expedite decisions concerning the industry sector.

Land acquisition without the full consent of farmers has often led to litigation and delay in implementation of the industrial projects. As the delay causes cost escalation industrialists generally avoid this kind of situation.

In the new policy, therefore, stress will be laid on farmers' consent. It will be a must for acquisition of farmers' land. Also on timely payment of money for acquisition. Often in the past delay in payments has caused resentment and led to opposition by others to part with their tracts of land.

Better availability of power and creation of additional infrastructural facilities will be the other objectives. The state has much gap to cover but the government believes that if proper initiatives are taken the gap will be largely filled.

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