Yogi approves draft of new UP industrial policy

The blue print of the new industrial policy of Uttar Pradesh, which promises ease of doing business, tax relief and continuous power supply and aims at promoting units in the backward Purvanchal and Bundelkhand regions, has been approved by Chief Minister Yogi Adityanath.

"The CM has approved the draft of the new industrial policy after some amendments. It will be uploaded on the website of the department for suggestions and objections of people before finalising it and presenting it before the state cabinet," an official spokesman said here today. Adityanath has carefully gone through the key points of the 'UP Industrial Investment and Employment Promotion Policy-2017' before approving the draft, he said.

The government is all set to unveil the policy in the "next 2-4 weeks", according to UP Industries Minister Satish Mahana.

The new industrial policy will seek to simplify the procedure for development of fundamental infrastructure and promote establishment of industries in Purvanchal and Bundelkhand regions.

It will also ensure time-bound approvals with special focus on IT start-ups, electronics, agriculture and food processing, dairy, handloom, film development and tourism sectors, besides others.