By Uttar Pradesh government order issued on Monday, land allotment for mega, mega plus and super mega industrial units will be fast tracked to a maximum of 15 days after the receipt of application from the investor or entrepreneur.
Moreover, a monthly land allotment cycle will be adopted for land allotments, which are made through e-auction. In this case, allotments for applications received up to a specified date will be done by the end of that month,” as per the issued order. It further adds, “Directions have also been issued for batch-wise land allotment within 15 days after the receipt of applications up to a specified date for scheme linked allotments.
UP Industrial Development Minister Satish Mahana said the government has stipulated strict timelines for allotment of the land plots to different categories of investment projects under UP Industrial Investment and Employment Promotion Policy of 2017.
In case of mega, mega plus and super mega industrial units, investment would be calculated on the basis of detailed project report (DPR) at the specified norm of minimum of Rs 2 crore per acre to ensure that the investor does not obtain land more than that is required for the project.
Directions regarding this have been issued to NOIDA, Greater Noida, Yamuna Expressway Industrial Development Authority, UP State Industrial Development Authority, Lucknow Industrial Development Authority, Gorakhpur Industrial Development Authority, Satharia Industrial Development Authority and Delhi-Mumbai Industrial Corridor Integrated Industrial Township Greater Noida Ltd.
