Industry status

Status ‘Industry’ for the warehousing sector UP | Lucknow News

Aerial view of Lucknow (Photo: ANI)

LUCKNOW: In an effort to attract industries to settle in the state, the UP government decided to grant “industry” status to the warehousing and logistics sector. The move, officials said, will help significantly reduce the costs of setting up warehouses and logistics.
Last week, UP suspended most labor laws to give more operational flexibility to existing and new industrial units in the state.
Industry Minister Satish Mahana said the sector has immense potential for job creation, required in large numbers due to the return of lakhs of migrant workers to UP from other states during the lockdown induced by Covid. This move, he said, will make UP one of the most preferred destinations for investments.
Infrastructure and Industrial Development Commissioner Alok Tandon explained how the cost of establishing parks will decrease. “Right now, land use change from agriculture to commercial use is charged at 150% of the circular rate. It will now be only 35% of the circle rate, ”he said.
“From now on, industrial land use charges will apply to units and parks in the warehousing and logistics sector in Uttar Pradesh,” he said.
Principal Secretary, Infrastructure and Industrial Development, Alok Kumar said that from now on, warehousing and logistics park activities will be considered for “industrial” land use in all industrial development authorities in the state, in accordance with provisions of the UP-2018 warehousing and logistics policy. .
“Warehousing and logistics units will pay 1.5 times the industrial rate to industrial development authorities for the allocation and use of land in areas reserved for industrial activity, but this is significantly lower than what ‘they paid for commercial charges. At present, the land available for the warehousing and logistics sector costs an average of Rs 40 to 60,000 per m², but will now be reduced to around Rs 15 to 20,000 per m² ”, he said. -he adds.
Orders have been given to all industrial development authorities to adopt this provision by immediately amending their master plans and building regulations.