Yogi government mulling exit policy for industry

Exit policy for sick, defunct industrial units has been pending with state over successive regimes

Signalling a major reprieve to the beleaguered Micro, Small and Medium Enterprises (MSME) in Uttar Pradesh, the Adityanath Yogi government is giving shape to a progressive exit policy for industry.

The exit policy for sick and defunct industrial units has long been pending with the state government over successive regimes, yet it could never see the light of day.

MSMEs have all along been demanding an exit policy to allow the promoters of such units start new ventures or dispose of distressed assets.

UP MSME and export promotion principal secretary Rajnish Dubey said here today the exit policy, which had been pending for