|Chennai||Rs. 27770.00 (0.07%)|
|Mumbai||Rs. 29200.00 (2.31%)|
|Delhi||Rs. 27900.00 (-0.36%)|
|Kolkata||Rs. 28270.00 (1%)|
|Kerala||Rs. 27050.00 (-0.37%)|
|Bangalore||Rs. 27550.00 (1.66%)|
|Hyderabad||Rs. 27770.00 (-0.14%)|
To boost the state’s leather industry and attract investment of about Rs 2,000 crore, Uttar Pradesh Chief Minister Akhilesh Yadav on Thursday approved two greenfield mega leather cluster (MLC) projects.
Each of the clusters is projected to get investments of Rs 1,000 crore. They will collectively create employment opportunities for 10,000 people. Half of the units would belong to the small and medium segment.
Yadav gave an in-principle approval to the clusters after meeting a delegation of leather industrialists from Kanpur. He assured all possible help from the state government to develop these clusters and directed the UP State Industrial Development Corporation (UPSIDC) to make land available for the projects.
One of the clusters would come up around 300 acres of land in the Sandila industrial area in Hardoi district, while another would come up in Kanpur’s Ramaipur. Land measuring 625 acres has been identified for the projects.
“The government is keen to strengthen traditional industries with potential and it is a step forward in this direction,” UP Infrastructure & Industrial Development Commissioner (IIDC) Anil Kumar Gupta said about the projects.
The proposed clusters would have worldclass infrastructure, including the latest technology, to conform to export standards.