UP private textile parks gets green signal

YarnsandFibers News Bureau, 2017-06-19 14:00:00 - Lucknow

News Tags: attract FDIs and private investors, boost the textile industry, Chief minister Yogi Adityanath, draft for UP Textile, exempted from stamp duty, get approval for development, Handicrafts and Sericulture Policy, investor given tax and other sops, investors seeking to buy fifty and above acres of land, private textile parks, Uttar Pradesh state

Lucknow
UP private textile parks gets green signal

Uttar Pradesh state gets approval for the development of private textile parks also the draft for the UP Textile, Handicrafts and Sericulture Policy 2017 has been approved by the state government led by chief minister Yogi Adityanath.

Their aim is to attract FDIs and private investors to boost the textile industry in Uttar Pradesh. Those who are willing to invest in this sector will be given tax and other sops.

The government has already made provisions for the same in its draft policy, said chief minister,

The investors seeking to buy 50 acres and above land for textile parks will be exempted from stamp duty. Further, the government will be also waiving off the interest on loans for purchase of land and construction of infrastructure such as staff quarters and hostels.

With aim to boost textile industry in the state, the officials will identify various locations for the development of textile parks on the expressways and national highways, including Lucknow-Kanpur, Kanpur-Allahabad, Chitrakoot-Jhansi-Lalitpur, Varanasi-Allahabad, Delhi-Meerut, Delhi-Moradabad, Bareilly-Moradabad-Bijnore, Meerut-Nazibabad, Gorakhpur-Varanasi and Gorakhpur-Faizabad.

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News Tags: attract FDIs and private investors, boost the textile industry, Chief minister Yogi Adityanath, draft for UP Textile, exempted from stamp duty, get approval for development, Handicrafts and Sericulture Policy, investor given tax and other sops, investors seeking to buy fifty and above acres of land, private textile parks, Uttar Pradesh state

Lucknow
UP private textile parks gets green signal

Uttar Pradesh state gets approval for the development of private textile parks also the draft for the UP Textile, Handicrafts and Sericulture Policy 2017 has been approved by the state government led by chief minister Yogi Adityanath.

Their aim is to attract FDIs and private investors to boost the textile industry in Uttar Pradesh. Those who are willing to invest in this sector will be given tax and other sops.

The government has already made provisions for the same in its draft policy, said chief minister,

The investors seeking to buy 50 acres and above land for textile parks will be exempted from stamp duty. Further, the government will be also waiving off the interest on loans for purchase of land and construction of infrastructure such as staff quarters and hostels.

With aim to boost textile industry in the state, the officials will identify various locations for the development of textile parks on the expressways and national highways, including Lucknow-Kanpur, Kanpur-Allahabad, Chitrakoot-Jhansi-Lalitpur, Varanasi-Allahabad, Delhi-Meerut, Delhi-Moradabad, Bareilly-Moradabad-Bijnore, Meerut-Nazibabad, Gorakhpur-Varanasi and Gorakhpur-Faizabad.

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News Tags: attract FDIs and private investors, boost the textile industry, Chief minister Yogi Adityanath, draft for UP Textile, exempted from stamp duty, get approval for development, Handicrafts and Sericulture Policy, investor given tax and other sops, investors seeking to buy fifty and above acres of land, private textile parks, Uttar Pradesh state

 
 
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