Export Promotion Council for Handicrafts (EPCH) has sought a 200-acre land from the Uttar Pradesh government for setting up a handicraft park on the Yamuna Expressway, which is expected to attract direct investments worth Rs 3,000 crore.
The proposed industrial park shall house around 250-300 small and medium manufacturer exporters and provide a range of facilities including common facility centres, testing labs and raw material banks to boost their market competitiveness. It is expected to create 25,000-30,000 jobs.
"It is requested to grant EPCH a land parcel of 200 acre under Yamuna Expressway Industrial Authority in line with the textile policy of the Centre, which mandates provision of land with price rebates of 30 per cent," EPCH said in a letter to the Infrastructure and Industrial Development Department of UP, earlier this month.
EPCH Executive Director Rakesh Kumar said the proposed park would be shot in the arm for the handicraft sector of UP which is currently grappling with issues like high cost of credit, lack of access to modern technology, high cost raw materials.
"The manufacturer exporters at the handicraft park would benefit from multiple synergies emanating from industrial park being in the vicinity of Eastern Dedicated Freight Corridor and India Exposition Mart.
"The upcoming Jewar airport is also expected to give a major push to tourism and meetings, incentives, conferences and exhibition related visits in the region," Kumar told PTI.
He said if the proposal does not go through with the UP government, EPCH may approach the Haryana government for setting up the handicraft park in the state.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
