First Pharma Park to be built in Uttar Pradesh

Tags: State News

The state government has given green signal to the project of setting up a state's first Pharma Park in Lalitpur district of Bundelkhand.

An overview of the news

• For this, the state government will transfer 1500 hectares of land in Lalitpur district to the Animal Husbandry Department.

• The state government will spend Rs 1560 crore for development works and providing necessary facilities to the investors in Lalitpur Pharma Park.

• A proposal has been prepared to transfer the vacant land of the Animal Husbandry Department in Lalitpur to the Industrial Development Department.

• The Detail Project Report (DPR) will be prepared soon after selecting a consultant for the development of the Pharma Park.

• Entrepreneurs setting up units in Pharma Park will be given 100% exemption in stamp duty on land purchase, capital subsidy, construction of houses for laborers, employment generation etc. by the government.

First Medical Device Park in Gautam Buddha Nagar

• The Uttar Pradesh government is setting up a medical device park on 350 acres of land at the Yamuna Expressway Industrial Development Authority (YIDA) in Gautam Buddha Nagar.

• The park is being set up in Sector 28 of Yeida where plots have been allotted to 50 entrepreneurs so far.

• There is complete preparation to connect this park with metro, expressway, transport city and bullet train.

• A flatted factory with a common hydrant facility will also be constructed in the Medical Device Park.

• There is also a proposal to set up a police station here to help entrepreneurs.

• Uttar Pradesh has received investment proposals worth Rs 16,420 crore in the medical devices manufacturing sector at the Global Investors Summit (GIS) held in February this year.

• A total of 175 MoUs have been signed in this area. Most of these investors have expressed their willingness to set up their units in Medical Device Park and Pharma Park.