Uttar Pradesh Cabinet Greenlights Private Business Park Development Scheme 2025
The Uttar Pradesh state cabinet has officially approved the Uttar Pradesh Private Business Park Development Scheme-2025, marking a significant step toward establishing world-class plug-and-play business parks across the state. This initiative is strategically designed to attract global corporations, research and development centers, Global Capability Centres, and various operational hubs, positioning Uttar Pradesh as a premier destination for international business operations.
Infrastructure Ready for Immediate Use
The newly approved policy focuses on providing ready-to-use infrastructure, enabling companies to set up operations swiftly and efficiently. By offering developed facilities from the outset, the scheme aims to eliminate common delays and cost overruns that typically plague projects due to inadequate infrastructure. This approach is expected to significantly enhance the ease of doing business in the state, making it more competitive on a global scale.
Boosting Investment and Employment
This move is projected to deliver a substantial boost to investment inflows, employment generation, and overall industrial growth, with particular emphasis on the services and technology sectors. According to Alok Kumar, Additional Chief Secretary for Infrastructure and Industrial Development, the scheme will complement the state's existing industrial investment policies by creating modern business spaces that are operationally ready from day one.
The government anticipates that these business parks will:
- Attract large-scale investments from domestic and international players.
- Generate thousands of new jobs across various skill levels.
- Support Micro, Small, and Medium Enterprises (MSMEs) and startups through collaborative ecosystems.
- Promote industrial clustering to foster innovation and efficiency.
Development and Financial Framework
The business parks will be developed under the Design, Build, Finance, Operate, and Transfer (DBFOT) model. Private developers will be responsible for the execution and management of these parks throughout the concession period. Each park will have an initial concession period of 45 years, with the possibility of an extension for another 45 years. After this period, all assets will be transferred back to the state government.
Key specifications include:
- A minimum land area requirement of 10 acres per park, though some flexibility may be allowed based on location and land suitability assessments.
- A financial structure involving upfront land premium payments and revenue-sharing agreements between developers and the government.
Application and Oversight Process
The application and bidding process for these parks will be managed by the relevant industrial development authority or government land-owning agency. A screening committee will be established to evaluate proposals and recommend shortlisted applicants. The final decision on land allotment will rest with the competent authority, ensuring a transparent and merit-based selection process.
Developers will be required to submit half-yearly progress reports and financial statements to maintain accountability and track project milestones. All tenders issued under this scheme will adhere to the state's Public-Private Partnership (PPP) guidelines and must receive approval from the concerned administrative department before being released.
This comprehensive scheme represents a forward-thinking approach to industrial development, aiming to transform Uttar Pradesh into a hub for global business and innovation while driving economic growth and job creation across the state.
