In a review meeting of the Industrial Development Department, CM Yogi Adityanath gave several important instructions. He said that if industries fail to utilise allotted land for three years, the allocation should be cancelled so the land can be given to other investors. This step is aimed at accelerating investments and industrial growth in the state.
Preparations for the Fifth Ground Breaking Ceremony
The CM directed officials to prepare for the fifth Ground Breaking Ceremony in November. The event will see the launch of major projects worth ₹5 lakh crore and expected to generate millions of jobs.
Transparency and Fair Compensation in Land Acquisition
The CM emphasised that land acquisition must be transparent and farmers should receive fair compensation. He said that land valuation should be done keeping farmers’ interests in mind so they get their rightful share.
Employment Zones and Fintech City
The CM instructed that large plots in every district should be developed as employment zones to create local job opportunities. He also directed the development of a Fintech City in the NCR to boost exports and promote the fintech industry.
CM Yogi also asked officials to make the Nivesh Mitra portal more user-friendly to ensure smoother processes for investors and faster project clearances.
The CM said that the new GST rates, effective from September 22, will strengthen the state’s GDP, increase economic activity, and benefit the entire population.
New Pathways to Prosperity
The CM urged all departments to prepare and implement action plans swiftly to speed up industrial growth. He highlighted that in the past seven years, industrial projects worth over ₹15 lakh crore have already been implemented. He also directed the Industrial Development Department to regularly monitor the progress of each project.
