The Uttar Pradesh government has introduced a new industrial policy to encourage setting up of food processing units along the Yamuna Expressway.
Several incentives have been announced for the existing as well as new units linked to the processing of agricultural and horticulture products. Now the Gautam Budh Nagar District Industry Centre will sanction such industries on priority basis.
“The new policy approved by the state government on Tuesday will be applicable to new food processing units and in the case of modernization, expansion, or diversification in case of existing food processing units and agribusiness enterprises,” Mohammad Afzal, general manager, Gautam Budh Nagar District Industry Centre, told Hindustan Times on Wednesday.
He said that two industrialists expressed interest in setting up food industry along Yamuna Expressway area,”
“The new policy is aimed at promoting businesses related to agriculture and horticulture products, post-harvest management technology, export of agricultural and horticulture products produced in the state, and development of basic facilities and skills required for the sector,” said Afzal.
Incentives such as subsidies and rebate in stamp duty will be offered, depending on the amount of investment involved in a particular project.
Afzal said that some units will be treated as seasonal industries and, hence, would be provided relief in payment of minimum charges of electricity during closure period.
“To encourage sale of agro products in local markets, sales tax on certain processed food products will be rationalized to boost consumption,” said Afzal.
Farmers shall be provided with the optimum rate of their produce. For this, a united marketing system will be developed by strengthening co-operative societies and organising buyer-seller meets.
Besides, integrated auction and market facilities will be made available at consumer centres.