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State cabinet nod to major policies before Uttar Pradesh investors’ summit

The UP state cabinet has approved major policies ahead of the Uttar Pradesh Investors Summit being organized in Lucknow on February 21 and 22. The state government has been holding roadshows in major cities to attract investors for the summit.

lucknow Updated: Dec 14, 2017 16:12 IST
HT Correspondent
HT Correspondent
Hindustan Times, Lucknow
Uttar Pradesh investors’ summit,State cabinet,Lucknow
Uttar Pradesh Industrial Development and Employment Promotion Policy would be provided for setting up new MSMEs. (Getty Images/iStockphoto)

The state cabinet on Wednesday approved Uttar Pradesh Micro Small and Medium Enterprises (MSME) Promotion Policy-2017 to attract investment and create more jobs in MSME sector in Uttar Pradesh.

Chief minister Yogi Adityanath presided over the meeting of the cabinet that also approved Uttar Pradesh Information Technology and Startup Policy 2017 and Uttar Pradesh Electronics Manufacturing Policy 2017.

This way, the cabinet has approved major policies ahead of the UP Investors Summit being organized in Lucknow on February 21 and 22. The state government has been holding roadshows in major cities to attract investors for the summit.

UP government spokespersons and ministers Siddharth Nath Singh and Shrikant Sharma later briefed media persons about the cabinet decisions and said incentives in accordance with provisions of Uttar Pradesh Industrial Development and Employment Promotion Policy would be provided for setting up new MSMEs. The new policy provides for making cheaper land available for setting up MSMEs. The policy provides for setting up of industrial parks and estates of over 20 acres.

The state cabinet approved higher specifications for setting up of modular transplant ICU on third floor of Shatabdi Phase-1 of King George Medical University in Lucknow. Singh said after completion of the project kidney, liver and heart transport would be possible at the KGMU.

The cabinet also approved biometric and Aadhar based attendance system for its employees and officers to mark attendance in Uttar Pradesh Secretariat. The new system will ensure that the government staff reached the secretariat on time.

A proposal to set up Nyay Gram Township for Allahabad High Court’s judges and staff at Devghat village of Allahabad was also approved. The state government’s finance expenditure committee has approved an estimated cost of Rs 395 crore for the project. The township will have an auditorium building, judicial academy, administrative building, training centre, library and non-residential buildings.

The cabinet also approved a proposal to amend rules for refund of amount of unused stamp papers. Amended rules will empower state government to refund the amount of four to eight year old unused stamp papers. Assistant commissioner stamps and deputy commissioner stamps have been empowered to refund amount of up to two year old and two to four year old unused stamp papers.

A proposal to set up a tehsil level integrated village fund under the provisions of Uttar Pradesh Revenue Code was also approved.

The proposal to implement Uttar Pradesh Rice Export Promotion Policy (2017-2022) for five years from November 11, 2017 to November 6, 2022 also got the cabinet nod. Under the policy, the exporters will be given exemption in Mandi fees and development cess.

First Published: Dec 14, 2017 16:12 IST