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Uttar
Pradesh Makes its Name on the Indian Subcontinent |
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| Uttar Pradesh is the fourth largest state in geographical area covering 9.0 per cent of India's geographical area having rich and tranquil expanses of meadows, perennial rivers, dense forests and fertile soil of Uttar Pradesh have contributed numerous golden chapters to the annals of Indian History. Dotted with various holy shrines and pilgrim places, full of joyous festivals, it plays an important role in the politics, education, culture, industry, agriculture and tourism of India.
Advantage Uttar Pradesh
• Uttar Pradesh has large, inexpensive and disciplined labour
force. Infrastructure Uttar Pradesh State Industrial Development Corporation Limited (UPSIDC) is committed to provide high standard, plentiful infrastructure, and facilities. The industrial and service sector policy of UP government for the infrastructure sector aims at creation of excellent infrastructure through private participation. The industrial areas are upgradation/ maintenance by a co-operative society of the entrepreneurs. UPSIDC plans to create industrial infrastructure development fund (IIDF) for financing initiatives in infrastructure development. The corporation promotes captivation and co-generation of power and use of natural gas as an alternative source of energy. Roads: The state plans to bring up the State Highway Authority (SHA) on the lines of the National Highway Authority of India. Rail:
Lucknow is an important junction of the Northern and North Eastern Railways.
It is well- connected with all-important cities of India. Power: The total estimated investment requirement during FY 2000-FY 2009 in the state is:generation -Rs. 37 billion , transmission -Rs. 37 billion and distribution -Rs. 112 billion Education: Uttar Pradesh has successfully implemented education for all policy. The state has provided financial aid of Rs. 20,000 for higher education of girls under Kanya Vidyadan scheme. Further, provision has been made for free distribution of books and uniforms for students in primary schools.14,412 new school buildings have been constructed in the state during 2004-05. Important Policies Industrial and Service Sector Investment Policy 2004: maintains a single window policy for speedy and hassle free procedures. A 100 percent exemption on stamp duties for IT, ITeS, food processing sector and some of the service sector; rebate on stamp duty, land on priority, interest free loan under industrial investment promotion scheme, uninterrupted power supply and exemption from electricity duty, 50-100 percent exemption from stamp duty on purchase of land have helped to create ideal environment for investment. Also extra incentives are being given on case-to-case basis for investment more than Rs.500 crores. Information Technology Policy 2004: aims at bringing IT to masses and accelerate the use of information technology in schools, colleges and educational institutions. The objective is to increase the Domestic demand for software, hardware and services and Making Software, Electronics/IT Hardware and ITS/ITES Sectors globally competitive and thereby increasing export earnings. Biotech Policy 2004: aims to develop knowledge-based economy assure benefit of biotechnology to all section of the State and promote entrepreneurship in biotechnology-based industries. The objectives of the Policy are to establish pre-eminent position of the State in the field of biotechnology and create awareness about the entrepreneurial and job opportunities in the field of biotechnology. Policy for Food Processing Industry 2004-09: The objectives of the policy are to achieve objective of better returns to the farmer for his produce and encourage investment. The strategy would center around identification of potential areas for value addition, keeping in view both the international and domestic market demand and addressing issues relating to the entire value chain, right farm to the palate, for achieving the objectives outlined in the policy. Power Policy 2003-09: has been drafted to attract private sector investment into power generation, transmission and distribution with a view to ensuring electricity supply to all villages in the state. It provides cost efficient good quality electricity to all categories of consumers for economic development and social uplift of the state. Its priority is to restructure Uttar Pradesh State Electricity Board (UPSEB) into autonomous and separately accountable entities. Policy for Promotion of Private Investment in the Development of Hi-Tech Townships in Uttar Pradesh: Objectives of the Policy is to produce competitive hi-tech marketable estates with an attractive environment for high quality living, work and recreation and encourage high technology and knowledge based industries, tourism and provide facilities for business organizations engaged in modern technologies. SEZ Policy 2006: framed in to parts (Part -A: simplification of Financial Exemption/Assistance, Procedures) and Part-B: Provision Regarding Selection of Developers, Availability of land and land use in master plan etc) aims at fostering industrial and economic development and create conducive environment for the development of SEZ. Salient Features of SEZ policy is to achieve rapid economic & industrial growth in the country and the state, new avenues for employment generation will be created by setting up of SEZs. Sugar Policy: Uttar Pradesh has traditionally been known as the "Sugar Bowl of India" (accounting for 40 per cent of the total production) and sugar is an important source of livelihood in the state. The Government of Uttar Pradesh declared the new sugar industry promotion policy in 2004 to provided host of incentives and concessions to set up sugar mills in the state such as exemption of entry tax on sugar, reimbursement of administrative charge and trade tax on molasses. Incentives under the industrial and service sector investment policy - 2004: The Government provides high standard, plentiful infrastructure facilities, enabling conducive policy framework and an investor friendly environment for ensuring higher industrial growth in the state. The Financial Assistance for Infrastructure Projects - Industrial Estates for IT/BT units are eligible for 50 per cent of investment or US$541,913.99 whichever is less. Other industrial estates are eligible for 20 per cent of investment or US$ 541,913 (whichever is less). Call centre hubs having covered area of not less than 10,000 m2 are eligible for 50 per cent of investment or US$ 108386.66 (whichever is less). Laboratories for quality control and Research and Development for products of small-scale industries are eligible for 50 per cent of investment or US$ 216, 780.09 whichever is less. Stamp Duty and Registration Charges on Land gets 100 percent exemption from payment of stamp duty on new small-scale units in 24 districts of Poorvanchal and 7 districts of Bundelkhand. The Infrastructure projects, IT/BT and food processing units and call centers, Service sector projects such as multi facility hospitals with specified facilities and having at least 100 beds; super specialty hospitals with specified facilities among others get the 100 percent exemption. There is provision of registration of all industrial projects at concessional rate of Rs. 2 per thousand subject to a maximum of US$ 108.485 Service sector projects are eligible for exemption from acquisition charges if land for the project is acquired by the Government. There is exemption from entry tax on plant and machinery used for the establishment of project. There is exemptions on electricity duty for 10 years from the date of establishment and exemption from house-tax, water and sewage tax and all other taxes/charges levied by the development authority/local authority for five years from the date of establishment. |
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