Step to boost industrialisation in UP

Setting Up Of Industrial Unit Made Easier In UP
In a major decision to boost industrialisation, the state government has simplified the existing procedure to give stamp fee relaxation for setting up industrial units and projects termed as infrastructural facilities in UP.

Under the new regulations, general manager, district industries centre will bea nodal officer for this purpose in his jurisdiction concerned. His job will be to ensure a hassle-free registration of land with the help of sub-registrar of the stamp and registration department.

Earlier, this was a cumbersome process in which the papers of land were to be submitted to general manager, district industries centre. These papers were then sent for the perusal of commissioner and director, industries, and managing firector, PICUP. These papers were then sent back to DMs concerned before the final order passed for the registry of land purchased by different industrial units. This was a long arduous process in which property registration used to take months together.

This proved a great deterrent to industrialists, who had to face immense hardship on account of this. The result of this was that a large number of industrialists had gone away from UP to neighbouring states like Uttrakhand, Haryana and even north-eastern states where the governments concernedhad not only announced tax-holiday schemes, but also made the registration of land easy.

However, cutting short the procedure, the property registration has now been made easier with removal of multiple monitoring at different levels. For this purpose, the government has also issued a government order and directed all concerned to act in accordance to the new policy of the government.

The stamp fee exemption will be admissible on all industrial units and infrastructural projects like hospitals, schools, colleges, multiplex cinema theatres, shopping malls, internet centres, roads, bridges, overbridges, integrated transport system and shopping centres, power stations/substations, waterworks,drainage system, exhibition centres, information technology units, bio-technological units, business process outsourcing centres, call centres and agri-processing units etc.
For the infrastructural facilities, the land would be made available by government, housing board, development authorities, UP State Industrial Development Corporation as per the norms set under policy stipulated for this purpose.

The stamp duty exemption will be admissible only for the above specified purpose and it would be cancelled in case anybody found guilty of lapses in this regard in any manner. The beneficiaries of the stamp duty exemption will have to submit certificates issued for their eligibility by GM, industries.

Source: Times Of India