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In the backdrop of investment proposals worth billions of rupees getting delayed over issues including availability of land, the Uttar Pradesh government is now reclaiming industrials plots lying unused even after years of allotment to private companies.
The plots were allotted by UP State Industrial Development Authority (UPSIDC), which is mandated to providing industrial grade land. A large number of allottees fail to set up their units, while holding possession of land, which is now scarce commodity in wake of rapid urbanisation. The forfeited land would now be allotted afresh to projects proposed during the UP Investors Summit 2018 on 21-22
