Breaking News: UP Govt Takes Action to Reclaim Unused Industrial IT Plots in Noida and Greater Noida

The government also asked authorities to conduct a survey of such land parcels in their jurisdiction to ascertain the number of plots those were allotted to developers but are yet to be utilized and has been lying vacant for long.

Breaking News: UP Govt Takes Action to Reclaim Unused Industrial IT Plots in Noida and Greater Noida

In a recent decision, the Uttar Pradesh state government has taken a bold step towards reclaiming unused industrial IT plots in Noida and Greater Noida. The move comes as a part of their commitment towards creating a more conducive environment for businesses and promoting economic growth in the region. This decision has been welcomed by both the local entrepreneurs and the industrialists who have been struggling to acquire land for their businesses in these areas.

Background:

Noida and Greater Noida, the twin cities located in the Gautam Buddha Nagar district of UP, have emerged as major industrial hubs over the years. With companies like Samsung, HCL, Tata Consultancy Services, and many more setting up their offices in the region, it has become a preferred destination for businesses looking to expand. However, the availability of land for establishing new industries has been a persistent issue in these cities. The shortage of land has also led to a rise in land prices, making it difficult for small and medium enterprises to set up their operations.

Government’s Action Plan:

To address this issue, the UP government has decided to reclaim around 3,000 hectares of unused industrial IT plots in Noida and Greater Noida. These plots were allotted to various companies in the past, but due to various reasons, they have remained unused for several years. The State Industrial Development Corporation of Uttarakhand Limited (SIDCUL) will be responsible for the reclamation process. All the plots will be taken back in a phased manner, and the reclaimed land will then be made available for new businesses to set up their operations.

The aim of this move is not just to make land available, but also to ensure efficient utilization of the available resources. By reclaiming the unused plots, the government hopes to boost employment opportunities, increase the revenue of the state, and promote a healthy business environment in the region.

Impact on Industries and Investors:

The decision to reclaim unused industrial IT plots in Noida and Greater Noida has been well-received by the industrialists. Many companies, especially smaller ones, have been struggling to acquire land for setting up their businesses in these cities. The high land prices have been a major deterrent for them. With the government’s action plan, the availability of land is expected to increase, making it easier for businesses to establish themselves.

This move will also attract new investors to the region, as they will have a wider choice of land options at more reasonable prices. This will not only lead to more businesses being set up, but it will also create a healthy competition among the industrial sectors in Noida and Greater Noida. It will also result in the development of new industries, leading to a diversified economy in the region.

Benefits and Practical Tips:

The reclamation of unused industrial IT plots in Noida and Greater Noida is a positive step towards creating a business-friendly environment. It is essential for businesses to keep a close eye on the developments and utilize this opportunity to expand their operations. Here are some practical tips for businesses looking to set up in this region:

1. Stay updated with the progress of the reclamation process and take advantage of the newly available plots.

2. Utilize government schemes and subsidy programs for SMEs to set up your business at a lower cost.

3. Keep an eye on the upcoming industrial projects in Noida and Greater Noida and explore collaborations and partnerships.

4. Make use of digital platforms and business networks to connect with other businesses and potential investors in the region.

Conclusion:

The decision of the UP government to reclaim unused industrial IT plots in Noida and Greater Noida is a significant step towards creating a favorable business environment. This move will not only lead to the development of new industries and create employment opportunities but will also promote a healthy competition and attract new investments to the region. Businesses should stay updated and make use of this opportunity to expand their operations in this rapidly developing industrial hub.

With this development, Noida and Greater Noida have once again made it to the list of top destinations for businesses in India. The state government’s decision reaffirms their commitment towards promoting economic growth and creating a business-friendly atmosphere. Now, it’s up to the businesses and investors to make the most out of this opportunity and contribute to the growth of this dynamic region.