UP to woo entrepreneurs for small industries

Image
Virendra Singh Rawat New Delhi/ Lucknow
Last Updated : Jan 20 2013 | 10:13 PM IST

Uttar Pradesh government today directed small industries department mandarins to engage and woo national and international entrepreneurs for setting up units in the state.

The officials have been asked to open communication channels with entrepreneurs and apprise them of the various sops being offered by the state.

The department wants to boost the production and export level of the small industries sector in Uttar Pradesh.

During the current financial year, the state government has set a target of setting up 33,000 new small industries, investment of Rs 2,500 crore and providing employment to 1,30,000 persons in the sector.

State Small Industries Minister Chandradev Ram Yadav said, so far over 5,200 new units have been established in Uttar Pradesh, which is 15 per cent of the target for 2011-12.

Besides, investment to the tune of Rs 450 crore had come to the sector, while 28,500 people have been provided with jobs.

In a review meeting here, the minister asked officials to hold camps for issuing identity cards to handicraft artisans to enable the provision of easy bank loans to them. Pending cases of subsidy are being taken up on priority basis by the district industries centre.

Under cluster development, a special programme vehicle has been formed to start a modern dying house, work on which is underway.

The state has a large base of Micro, Small and Medium Enterprises (MSMEs) estimated at over three million, including both registered and unregistered. Proprietorship accounts for over 95 per cent of the MSME ownership pattern in the state.

Major MSME pockets in the state include Varanasi, Allahabad, Moradabad, Saharanpur, Lucknow, Kanpur, Agra, Ferozabad, Meerut, Bhadohi, Ghaziabad, Noida, Bareilly, Gorakhpur, Khurja, Aligarh and Mathura.

These are product-specific hubs. For instance, Varanasi is famous for banarasi sari, Agra and Kanpur for leather, Bhadohi for carpets, Moradabad for brassware, Lucknow for chikan and Aligarh for locks.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Jun 14 2011 | 12:42 AM IST

Next Story