Uttar Pradesh-Other
Investment Policies
Biotech
Policy 2004
The state Uttar Pradesh aspires to utilize
the modern tools of biotechnology and attain prosperity
for farmers, generate employment in rural areas, food for
all, good health and clean environment. The mission of the
policy is to develop knowledge-based economy, assure benefit
of biotechnology to all section of the State and promote
entrepreneurship in biotechnology-based industries.
Industrial
and Service Sector Investment Policy 2004
Industrial and service sector investment
policy aimed at creating comprehensive reforms and restructuring
of the economy is creating new opportunities and opening
new avenues for investment in the state.
The policy provides special incentives
on infrastructure in addition to exemption from various
tax and duties to the investors. The policy maintains a
single window policy for speedy and hassle free procedures.
A 100 per cent exemption on stamp duties for IT, ITeS, food
processing sector and some of the service sector; rebate
on stamp duty, land on priority, interest free loan under
industrial investment promotion scheme, uninterrupted power
supply and exemption from electricity duty, 50-100 per cent
exemption from stamp duty on purchase of land have helped
to create ideal environment for investment. Also extra incentives
are being given on case-to-case basis for investment more
than Rs.500 crores.
Information
Technology Policy 2004
India embarked on a comprehensive economic
reforms program in 1991. This aimed at rapid and substantial
economic growth preparing India for integration with the
global economy. The process of further liberalization of
industrial approval, foreign investment, EXIM and fiscal
policies, economic reforms and simplification of policy,
procedures and efforts towards making them responsive to
the needs of industry continued during the Ninth Five Year
Plan. In the fast paced technology sector such as Electronics
and Information Technology, the characteristics which underpin
the industry and services are fast technological developments,
reducing business cycle times, just-in-time and time to
market.
New
Hotel Policy
At the time of drafting of master plan,
related regulated area and authorities by taking cooperation
from Deptt. of Tourism will earmark the land for hotels
and this land will be given for hotels. Where master plan
has been finalised this action should be taken for vacant
space. In authorities (development authority, industrial
development authority, housing & development board)
where master plan has not been finalised, with the help
of Department of Tourism action to be taken to reserve suitable
land for hotels keeping in mind the possibilities for tourism
and whenever master plans are received then at that time
also by taking help from Deptt. of Tourism the land will
be reserved for hotels.
The land earmarked for industry in the
master plan should be kept reserved for tourism/hotel for
a period of 5 years after the date of advertising the scheme.
If no hotel entrepreneur comes forward in the time span
of 5 years then in that case the authority will be free
to convert the use of this land.
Policy
for Food Processing Industry 2004-09
New
Uttar Pradesh is one of the largest
producers of farm commodities in the country and the largest
producer of vegetables, wheat, maize, sugarcane, potato
and milk. Some of the most delicious varieties of fruits
are grown in the state. Thus there is an immense inherent
potential in this sector. The state also has diverse agro
climate conditions, which are conducive for a variety of
crops round the year.
Despite the inherent potential, it has
so far been untapped. Large quantities of vegetables and
fruits are wasted as only around 2% of the production is
commercially processed. Though considerable success has
been achieved in evolving appropriate pre harvest practices,
the issue relating to post harvest management, which includes
grading, sorting, packaging, processing, transportation
and marketing, are still not adequately addressed. It is
believed that agriculture in the state can turn into a lucrative
venture, if there is a proper linkage from end to end among
various components of agri-business, i.e. from the stage
of sowing to final sale and consumption, which can develop
synergy and dynamic efficiency in the system.
Power
Policy 2003-09 New
Power to all is an integral
and primary component of the developmental program of the
State. To address this key developmental challenge Government
of Uttar Pradesh formulated a Power Policy in 1994 and a Power
Reform Policy in 1998 with the following objectives. The power
policy has been drafted to attract private sector investment
into power generation, transmission and distribution with
a view to ensuring electricity supply to all villages in the
state.
One
Time Settlement Policy
New
Ots policy for picup
needs more objectivity in its appraisal efforts. At the same
time, however, it is important that the policy should allow
for a scientist.s precision as well as an artist.s appreciation
to ensure that while the system remains objective, it does
not loose out on the need for factoring in uniqueness of each
case that will come up for a settlement. Early settlement
is the essence of any ots policy equally important is the
fact that such policy should be attractive to the borrowers.
Accordingly the state.s ots policy will stand on two principles;
SEZ Policy 2006
- SEZ
Policy-2006 (Part -A: simplification of Financial
Exemption/Assistance, Procedures)
- SEZ
Policy-2006 (Part-B: Provision Regarding Selection
of Developers, Availability of land and land use in master
plan etc)
The government has announced the SEZ
policy to foster industrial and economic development and
create conducive environment for the development of SEZ.
