CapEx News
Project News,Updates,Bids & Tenders for Consultants,EPC Contactors,Industrial Suppliers & Service Providers
The Uttar Pradesh government approved two new private industrial parks in Saharanpur and Moradabad under the PLEDGE scheme. These parks are expected to provide a significant boost to the state’s MSME sector by supporting local industries and generating new employment opportunities.
The PLEDGE scheme, launched in January 2023, supports investors by offering a loan of Rs 50 lakh per acre of land at a fixed 1% interest rate.
Investors are responsible for developing the internal infrastructure and marketing the industrial plots. They repay the loan through the sale of plots, which also allows reinvestment in the park's development.
These two new parks bring the total number of private industrial parks in Uttar Pradesh to 13. While the parks in Jhansi and Hapur are operational, others in cities like Kanpur, Baghpat, Barabanki, Bareilly, and Ghaziabad are in development.
The establishment of private industrial parks is seen as a vital step towards meeting the state's goal of a one trillion-dollar economy by accelerating industrial growth and promoting MSME development.
Recent News
◉ SWELECT Energy secures over 150 MW of solar module - Mar 13,2025◉ RVNL emerges as lowest bidder for Rs 554.64 crore road contract - Mar 13,2025
◉ MoU inked for developing Multi-Modal Logistics Park in Varanasi - Mar 13,2025
◉ Danfoss India to invest Rs 1,200 crore by 2028 - Mar 13,2025
◉ SJVN to develop Rs 9,500 crore pumped storage project - Mar 13,2025
◉ JNPA signs concession agreement for Rs 285-crore agri-processing facility - Mar 13,2025
◉ Montra Electric opens e-SCV manufacturing plant in Chennai - Mar 13,2025