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The new industrial zone in Meerut will be developed on a vacant land of a closed mill by the Uttar Pradesh State Industrial Development Authority.
A meeting of the ‘Invest UP’ summit presided by the Chief Minister Yogi Adityanath on Monday has decided to set up an industrial zone in Meerut and reduce rural-to-industrial land conversion circle rate from 35 per cent to 20 per cent. In case of conversion of huge land, the rate will drop to 14 per cent.
The chief Minister in the meeting said “UP is the idea whose time has come” claiming that UP is an “emerging investment centres” for various sectors especially “defence, aerospace, warehousing, data centres, electric vehicles and pharma”.
He also said that Uttar Pradesh is on the path of becoming a $1-trillion economy because of “strong law and order” and infrastructure development in power, road, communication and transport sectors.
The new industrial zone in Meerut will be developed on a vacant land of a closed mill by the Uttar Pradesh State Industrial Development Authority.
District magistrates have been asked to hold one ‘Invest UP’ meeting every month to resolve issues of entrepreneurs and industrialists of their area.
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