Uttar Pradesh
The Industrial and Service Sector Investment Policy, 2004 has been approved by the Cabinet on February 19, 2004. The Highlights of new policy are as follows:
Infrastructure
Creation of Industrial Infrastructure Development Fund (IIDF) with a Budgetary Provision of Rs.50 Crore will be made in the next four years also. Fund will finance and subsidize initiatives in infrastructure creation;
Establishment of Industrial Infrastructure Development Authority (IIDA) to manage IIDF. IIDA will work under a whole-time managing director, drawing professional personalities in its management. IIDA will have right to collect user-charges and raise capital and to will become self-sustaining through professional project planning and implementation;
Creation of world class infrastructure through private partnership. Facilities like transhipment centres, integrated transport and trade centres, exhibition halls, trade centres, container depots, way-side facilities, display centres etc.;
Maintenance of Industrial Estates by a Co-operative Society of the entrepreneurs. The Society will receive 60% of taxes collected by the local authority and may be granted necessary financial assistance as and when necessary;
Power & Energy
Uninterrupted power supplies for 24 hours to Industrial Areas. IT/ BT/Food Processing/ Agro-based industries involving investment of more than 10 Crores and other industries involving investment of more than 50 Crores will be supplied electricity through dedicated feeders;
Feeders having 75 per cent or more industrial load will be deemed as industrial feeders and will be exempted from power cuts;
Dedicated feeders built at the cost of industries shall not be tapped for any other purpose, except where such industry consents to tapping of such feeders for another industrial unit under mutual agreement;
Captive and Co-generation to be promoted;
Natural gas to be promoted as an alternative source of energy;
Fiscal Assistance-Infrastructure Projects
Financial Assistance for investment in infrastructure projects:-
Industrial Estates for IT/BT units are eligible for 50 per cent of investment or Rs. 250 lac, whichever is less;
Other industrial estates are eligible for 20 per cent of investment or Rs. 250 lac, whichever is less;
