Padma_MohanKnowledge Contributor
What is Uttar Pradesh Nirman Bill 2024?
What is Uttar Pradesh Nirman Bill 2024?
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The Uttar Pradesh government passed the draft of the Uttar Pradesh Nodal Investment Region for Manufacturing (Construction) Area Bill (NIRMAN)-2024 in a bid to boost the state’s economy to one trillion dollars on July 2,2024. The bill aims to create at least four Special Investment Regions(SIR) which will be in all the four geographical areas of the state. The state has around 20,000 acres of land bank available. Also, the cabinet approved a proposal for a Memorandum of Understanding between ITPO and MSME to encourage industrial investment. This type of Act is currently in place in three states, which include Gujarat, Rajasthan and Karnataka. UP will be fourth state to implement this law.