Yogi Adityanath govt's new UP industrial policy targets crony capitalism

The new policy also addresses the land cost arbitrage issue

The new industrial policy of Uttar Pradesh would not only facilitate faster industrial and economic development, but also target the spectre of crony capitalism, said a senior cabinet minister in the Yogi Adityanath government.

“With the announcement of the new industrial policy, an era of transparency has been introduced and the days of crony capitalism are numbered,” UP health minister and state government spokesperson Siddharth Nath Singh said on July 4 after the Yogi Adityanath cabinet had approved the new policy framework.

“Now, if the company is unable to set up industry on the allotted land within six months, the