UP Government Invites Investors to Set Up Private Industrial Parks

Kanpur, Jun 13 (KNN) The Uttar Pradesh State Industrial Development Authority (UPSIDA) has launched the “Private Industrial Park Scheme” to attract private investment and boost industrial infrastructure in the state. 

The scheme invites interested investors to establish private industrial parks across different regions of Uttar Pradesh, offering a range of attractive incentives.

Under this scheme, investors in Paschimanchal and Madhyanchal regions can develop industrial parks on 30 to 100 acres of land. 

They will receive 100 per cent exemption on stamp duty and a capital subsidy of up to Rs 40 crore (excluding land cost), including 25 per cent of capital investment (CI). 

Additionally, a capital subsidy of up to Rs 25 crore is provided for building costs of hostels or dormitories.

In the Poorvanchal and Bundelkhand regions, the eligibility starts from 20 acres and goes up to 100 acres, with similar incentives. However, the capital subsidy in these regions is higher—up to Rs 45 crore—reflecting the government’s push for industrialization in these less-developed areas.

A special provision is made for “Mega Private Industrial Parks” spread over 100 acres or more. These projects will be eligible for a capital subsidy of up to Rs 80 crore on CI and up to Rs 50 crore on dormitory or hostel construction, alongside 100 per cent stamp duty exemption.

The brochure can be downloaded from niveshmitra.up.nic.in, and applications can be submitted online. Interested investors can reach UPSIDA for more information.

(KNN Bureau)