The Uttar Pradesh government has decided to accord industry status to warehousing and logistics sector in the state, a move that will help reduce the cost of setting up of parks and units. The state's Industrial Development Minister Satish Mahana, has reportedly said that the CM have his consent at a recent meeting, as this sector has the potential to create enormous job opportunities to migrant laborers returning from other states due to the COVID-19 lockdown. He said that by granting industry status to the sector, the state is on its way to establish itself as a favorable destination for investments. Infrastructure and Industrial Development Commissioner Alok Tandon said that this will drastically lower the cost of setting up units in Uttar Pradesh. As of now, change of land use is charged at 150 per cent of circle rate from agriculture to commercial land use, which will now be only 35 per cent of circle rate as agriculture to industrial land-use change will be applicable now to Warehousing and logistics sector units and parks in UP. Principal Secretary, Infrastructure & Industrial Development, Alok Kumar, said that activities of warehousing and logistics parks and units will be allowed for land-use of 'industrial land' of all industrial development authorities in accordance with the provision of 'UP Warehousing & Logistics Policy 2018'.
📅Published on:
15 May 2020
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