New leather policy introduced to boost industry's growth
Lucknow, Aug. 23 -- The Uttar Pradesh government has introduced the Footwear, Leather and Non-Leather Area Development Policy-2025 to promote industrial growth in Madhyanchal, Purvanchal, and Bundelkhand regions.
The policy includes special land grants and capital subsidies aimed at attracting investment, creating jobs, and supporting leather-based industries in these areas. According to the government, stand-alone footwear, leather products, and machinery units will get up to 35% land cost grant in Madhyanchal, Purvanchal, and Bundelkhand. In comparison, the grant in Western UP will be 25%.
Mega anchor units and clusters in these three regions will receive up to 80% land cost grant, while in Western UP, the rate will be 75%. This support is especially helpful as industrial setup costs in these regions are relatively higher....
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