Startups

UP an emerging start-up ecosystem

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Uttar Pradesh’s Deputy Chief Minister Dinesh Sharma said that due to the efforts of the state government to encourage start-ups, UP had been placed in the category of Emerging Start-up Ecosystem under the State Start-up Ranking, 2019.

The deputy chief minister said the newly launched Uttar Pradesh Start-up Policy, 2020 covered start-ups in all sectors, including agriculture, medicine and health, energy, khadi, education, tourism, transport.

He said the policy aimed at setting up more than 100 incubators, a minimum one in each district of the state, and creation of an eco-system compatible with the establishment of at least 10,000 start-ups in the state.

He said with the implementation of the policy, it was expected to generate direct employment for 50,000 youth and indirect employment for 10 lakh persons in the state.

Sharma said in the recently concluded policy implementation meeting, seven new incubators were approved in Banda, Varanasi, Noida, Lucknow, Mathura and Ghaziabad districts.

He said under the Start-up Policy, 2020, three state-of-the-art centres of excellence would be set up in the state, out of which the construction of the Centre of Excellence in Medi-tech, Technology would be on the SGPGIMS campus in Lucknow was in progress.

He said a new dedicated policy was proposed to attract investment in data centre industry in the state.

Sharma said under the proposed data centre policy, 250 megawatts data centre industry was to be developed in the state, attracting an investment of about Rs 20,000 crore and three state-of-the-art private data centre parks would be set up in the state.

He said under the policy, various non-financial incentives were proposed to data centre parks and data centre units, in addition to capital subsidy, interest subsidy, exemption in stamp duty on purchase/lease of land and financial incentives related to energy.

He said additional incentives had been proposed for Bundelkhand and Purvanchal regions.

The deputy chief minister said to eliminate the interference of anti-social elements in transparent and clean administration and tendering process, e-tendering system had been implemented by the government in all departments since May 2017 in which all tenders above Rs.10 lakh were being invited through e-tendering only.

He said UP was the first state to have implemented the e-tendering system and was given the ‘Best Performance Award’ among the top-performing states during the period from April 2017 to March 2018.

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