UPSIDC defers increase in maintenance charge on plots till June 30, 2017

Lucknow, Oct 31 (KNN) The Uttar Pradesh State Industrial Development Corporation (UPSIDC) has decided to withdraw the increased maintenance charge on plots allotted by UPSIDC in the industrial areas.

 UPSIDC is the state agency developing industries and industrial infrastructure in the state.

The corporation had imposed increased maintenance charges for plots in July this year. The move was criticized by many micro, small and medium enterprises (MSMEs) and industry bodies then.

The maintenance charges for plots allotted in its industrial areas was increased from Rs 8 per square meter to Rs 40 per square meter in fast moving areas and Rs 2 per square meter to Rs 20 per square meter in slow moving areas.

Now, the decision to withdraw the increased rate has been a meeting of UPSIDC Board in Lucknow. The rates have been withdrawn till June 30, 2017.

After the withdrawal, the rates will again be Rs 8 per square meter in fast moving areas and Rs 2 per square meter in slow moving areas.

The decision to establish Model City in Bhaupur was also taken at the meeting. (KNN Bureau)