UP Approves Industrial Parks in Saharanpur and Moradabad

27 Nov 2024 CW Team

The Uttar Pradesh government approved two new private industrial parks under the PLEDGE scheme. These parks, located in Saharanpur and Moradabad, 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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..