The Uttar Pradesh cabinet approved the UP NIRMAN Bill-2024, aiming to attract significant investment and propel the state towards a one trillion-dollar economy. The Bill proposes the creation of four Special Investment Regions (SIRs) across the state's geographical areas, leveraging a 20,000-acre land bank. This move, already implemented in Gujarat, Rajasthan, Karnataka, will decentralize power to promote cluster development. Additionally, the cabinet sanctioned an MoU with India Trade Promotion Organisation and MSME to build convention centers in Lucknow and Varanasi. Moreover, 2,200 teachers, dismissed by Supreme Court order, will be temporarily reappointed on honorarium in non-government-aided secondary schools.
The Uttar Pradesh cabinet has approved the draft of the Uttar Pradesh Nodal Investment Region for Manufacturing (Construction) Area Bill (NIRMAN)-2024, aiming to transform the state into a one trillion-dollar economy. This legislative proposal, sanctioned during a cabinet meeting led by Chief Minister Yogi Adityanath at Lok Bhavan, seeks to establish Special Investment Regions (SIRs) to attract major investors from India and abroad.
The draft bill outlines the creation of at least four SIRs across Uttar Pradesh's geographical zones, leveraging a land bank of approximately 20,000 acres. These regions are designed to facilitate ease of doing business, spur economic growth, and generate employment opportunities. This initiative aligns with similar frameworks already in place in Gujarat, Rajasthan, and Karnataka, positioning Uttar Pradesh as the fourth state to adopt such a model.
SIRs are envisioned as key investment hubs where cluster development can thrive. The decentralization of power from state authorities to specific SIR management aims to streamline processes and enhance efficiency. The legal framework provided by the bill will offer these investment regions robust protection, encouraging large-scale investments essential for Uttar Pradesh's economic ambitions.
Currently, the bill does not specify a minimum land requirement for investments within these regions. However, it draws parallels to the Bundelkhand Industrial Development Authority, which allocates 5,000 hectares for development. This suggests that similarly expansive areas will be designated for SIRs to foster industrial growth.
Additionally, the cabinet has approved a proposal to sign a Memorandum of Understanding (MoU) with the India Trade Promotion Organisation (ITPO) and the Micro, Small and Medium Enterprises (MSME) sector. This agreement aims to create a conducive environment for industrial investments by constructing significant convention centers in Lucknow and Varanasi, akin to Bharat Mandapam in Delhi. These centers will facilitate exhibitions and trade fairs, boosting MSME production and providing a platform for showcasing products.
Parliamentary Minister Suresh Khanna highlighted that this initiative will not only promote industrial investment but also encourage the MSME sector, offering substantial support to local enterprises. The establishment of such infrastructure in Uttar Pradesh will enable the state to host national and international trade events, enhancing its industrial profile.
Furthermore, the cabinet has approved the temporary reemployment of 2,200 teachers who were dismissed in 2023 following a Supreme Court order. These teachers will be rehired on an honorarium basis in non-government-aided secondary schools to address the shortage of educators. Teachers assigned to classes 9 and 10 will receive INR 25,000, while those teaching classes 11 and 12 will be compensated with INR 30,000. This move aims to ensure uninterrupted educational activities in affected schools.
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