UP eases land allotment in Noida, Greater Noida to woo global investors

Eyeing big ticket investments, especially from global corporations exiting China following the Covid-19 outbreak, the Uttar Pradesh government on Monday announced easing norms for the allotment of industrial land to companies.

These are aimed at fast tracking the land allotment process by fixing a timeline of 15 days for the mega, mega plus and super mega category of industrial investments after such applications are filed with the authorities.

The land allotment would cover major industrial enclaves including Noida, Greater Noida, Yamuna Expressway etc.

Meanwhile, the state government is offering special incentives to investors in the backward Bundelkhand and Purvanchal regions,