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Friday, Nov 15, 2019

UPSIDC to help develop SEZs in Kanpur, Bhadohi

The State Government has now decided to take the services of the Uttar Pradesh State Industrial Development Corporation to develop the Special Economic Zones in the State. According to UPSIDC sources, the SEZ would be developed in Kanpur and Bhadohi in 250 acres of land. The UPSIDC authorities had begun interacting with the prospective industrialists who wished to set up their production units in the two zones.

india Updated: Jun 12, 2006 00:03 IST
HT Correspondent
HT Correspondent
None
Hindustantimes
         

The  State Government has now decided to take the services of the Uttar Pradesh State Industrial Development Corporation (UPSIDC) to develop the Special  Economic Zones  (SEZ) in  the State.

According to UPSIDC sources, the SEZ would be developed in Kanpur and  Bhadohi  in  250 acres of land. The UPSIDC authorities had begun interacting with the prospective  industrialists who wished to set up their production units in the two zones.

Surprisingly enough, the government had been in the quest of getting private developers for the SEZ for the past four years. It  extended invitation to the developers through advertisement on  18 times, but none of the developers preferred to accept the proposal. For Bhadohi, only a single   developer accepted the proposal but as per law unless at least three parties filled tenders, the contract could not have  been given. Finally, the government directed the UPSIDC to take up the developing work in both the areas through the developers.

According to the managing director of UPSIDC, Chanchal Kumar Tiwari, earlier it was proposed to develop the whole land but now it has been decided that  for one cluster of similar nature of goods production the SEZ would be developed in plots measuring 250 acres of land.

He said  for developing SEZ in Kanpur, about  1100 acres of land had been acquired. In the first phase, plots of 250 acres would be developed for setting up leather and hosiery units.

Similarly in Bhadohi, land measuring 550 acres was acquired and efforts were  being  made to set up  silk and the carpet industry.

He said that for setting up production units, preferences would be given to the units  in export business for the past five years. These units would have to ensure maximum export of their products.

He said that the industrial units set up in SEZ would easily be  able to compete with Chinese  products in the global market due to low cost of production in the SEZ following  tax  and other relaxations.