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    Uttar Pradesh

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June 16, 2005

State Policy: Spurring industrial growth in the state1

The state has formulated its policies with a vision to use information technology (IT) as a vehicle for economic development. Its policies for Industrial Development, Exports, Mineral Development, Technology, Agriculture, Film, Tourism and IT aim to:

  • Create facilitative administrative systems
  • Reduce lead time in setting up of industries
  • Remove bureaucratic hindrances
  • Provide internationally competitive infrastructure
  • Unfetter industries in the conduct of their business

Infrastructure policy: Upgrading the state’s support framework

Under the Road Policy, the government encourages an active role for the private sector in construction and maintenance of roads, bridges, overbridges, underbridges, expressways and highways. A Road fund of nearly US$87 million, set up for the first time by any state in India, seeks to upgrade infrastructure facilities to world-class standards.

The state has set up a US$2.1-million Infrastructure Initiative Fund, the first of its kind in any state, to prepare pre-feasibility studies of infrastructure related major projects to facilitate easy entry of the private sector.

Power Sector

Uttar Pradesh is keen to encourage private participation in the power sector. The state was one of the first to privatise distribution with its project in Greater Noida. The government has taken initiatives to:

  • Privatise power distribution in industrial hubs like NOIDA, Kanpur and Moradabad
  • Offer power distribution rights to industry associations in industrial areas
  • Set up an Independent Regulatory Commission
  • Place some of the major generating power stations under a separate generation corporation

Develop industrial estates

The state plans to expand on the success of the NOIDA and Greater NOIDA model and proposes to develop all industrial areas in future as Integrated Industrial Townships. It is also actively inviting private sector participation in infrastructure development. Areas to be developed as industrial corridors are:

  • NOIDA-Greater NOIDA-Ghaziabad-Gautam Buddha Nagar
  • Meerut-Moradabad-Bareilly
  • Agra-Aligarh-Firozabad-Khurja (Bulandshahr)-Kosi (Mathura)
  • Lucknow-Kanpur

Governance: Facilitating business in the state

The state has introduced a single window registration system to ease the project approval process. Projects with investments of up to US$5.5 million, export-oriented units of NRIs with investments above US$5.4 million and electronic and food industries with investments above US$2.2 million can avail of this facility.

All 100 per cent export-oriented units, which export over 50 percent of production, are declared as public utilities to free them from the threat of flash strikes. The government plans to inspect industrial units only with the prior approval of the District Magistrate.

Tax system

The state plans to make the entire tax system more progressive to ensure greater profitability for entrepreneurs. Rules, procedures and practices are being liberalised to bring them at par with global standards.

Industrial policy: Incentives for growth

Incentives for investment:

  • Subsidy of 20 percent of fixed capital investments for new units in most backward areas
  • Subsidy of 15 percent of fixed capital investments for new units in less backward areas
  • Subsidy of 10 percent of fixed capital investments for new units in least backward areas
  • Special subsidy of US$32,500 for prestigious units with fixed capital investments of over US$5.4 million
  • Special subsidy of US$22,000 for pioneer units with fixed capital investments of over US$1.1 million
  • Deferment of luxury tax in thrust areas for 5 years
  • Octroi rebate on plant machinery and building material for new units for 5 years
  • Exemption from minimum power demand charges for sick units during the closure period
  • Land at 20 percent of market prices for star hotels
  • Special incentives, including electricity, equity participation and other assistance for NRI entrepreneurs

Information Technology

The government aims to increase the penetration of the Internet in the state supported by high-speed telecom connectivity. The state has committed to improve IT infrastructure by developing electronic cities and gateways to global destinations. It offers special incentives to investors to ensure a supportive business climate.

Business Opportunities in Uttar Pradesh

There are several factors that affect evolution of an industry in a particular region:

  • Policy proactiveness: The policy that a state government adopts towards a sector directly affects its attractiveness for further investments. For example, the Uttar Pradesh State Government provides many concessions for the IT Sector. This has prompted IT majors such as HCL and Cadence to set up software development operations in the state.
  • Availability of natural resources: Certain industries such as agro-based sectors have a high dependence on availability of natural resources. A large livestock population spurred the growth of the leather industry in the state.
  • Capability: Availability of good quality manpower is a must for all industries to flourish. Highly cost-effective manpower in the state attracted many players to establish their manufacturing facilities in the state. Based on an assessment of the above factors, some of the industries with potential for investments and growth in the state of Uttar Pradesh are illustrated below

Key industries: Uttar Pradesh’s industrial core 2

Agro based and Food processing industry

Size: Total sales in the food and beverages sector accounted for 24 percent of sales by industries in the state in 2003.

The state accounts for 22 per cent of irrigated land in the entire country. It has a net sown area of about 16.8 million hectares out of which about 49.3 percent is sown more than once.

One of the largest producers of agricultural commodities in the country, Uttar Pradesh produces 34 percent of the total groundnut, 17.5 percent of rapeseed, 8 percent of fruits and 14 percent of vegetables. It has the largest livestock in the country and its milk production is the highest in the country. It is the largest producer of sugarcane and ranks second in the manufacture of sugar3 .

  • Second largest producer of vegetables at 13,030 MT in 2000-01
  • 17.8 percent of the total fertiliser consumption in the country in 2001
  • Largest cattle population at 11.5 percent of total milch in the country

1As per New Industrial Policy 1998
2Source for sizes (sales) of various sectors: CMIE Prowess data base
3Sugarcane 2002-03, Milk, Wheat, Food grain, Maize, Rice: 2001-02, Potato, Molasses: 2000-01, Alcohol, sugar: 2000.

Uttar Pradesh, with its prosperity in the agricultural sector enabled the growth of allied industries such as warehousing, cold storages and flour mills. With 2,659 units, the food product manufacturing sector has the highest number of factories. This accounts for 19.5 percent of the total in the state.

  • Highest number of cold storages in the country at 1,232 as of end of 2002
  • Ranks second in state warehouses with a capacity of 2.79 million tonnes as of August 1, 2003
  • Highest number of roller flour mills in India at 127 in 2002


Size: At US$232 million, leather goods exports were about 16.6 per cent of the total leather exports from India4

Uttar Pradesh has a well-developed leather industry. The state has one of the largest livestock populations in the country which provides a strong raw material base required for the industry.

Apart from Kanpur and Agra, the two better known leather centres in Uttar Pradesh, the state houses a number of major centres with approximately 11,500 production units.

  • With a share of 22 percent, the state has the largest population of buffaloes and ranks second in terms of cattle population with a 12 percent share
  • About 200 tanneries are located in and around Kanpur
  • Kanpur is the sole producer of saddlery products
  • Agra is the biggest centre for shoe manufacturing in the country

Kanpur is a prominent centre for leather processing. Kanpur tanneries specialise in processing hides into heavy leather (sole, harness and industrial leather). Uttar Pradesh plans to develop a special economic zone at Kanpur to cater to the leather goods industry. In addition to traditional centres for leather and leather products in the state, NOIDA has emerged as a major centre especially for leather footwear and leather garments.


Size: Second largest producer of electronic goods in the country with a share of 19.3 per cent in 2000.

With 196 units, the sector has shown a promising growth of 205 per cent during 1991-2000. Major players such as LG electronics and Videocon have set up manufacturing facilities in the state.

  • Largest producer of component electronics at 19.6 per cent of the country total
  • With a share of 24 per cent, the state ranks second in telecom electronics production
  • In consumer electronics, the state produces 22 per cent and ranks second in the country
  • Ranks third in the production of computer components with a 14.5 per cent share and strategic components with 18.8 per cent


Size: Total sales in the chemical sector accounts for 10.5 per cent of the sales by different industries in the state in 2002.

One of the key contributors to the state economy, the chemicals sector has shown the highest growth of production at 150 per cent during 1996-2001 among other sectors in the state. The state’s fertiliser industry ranks third in the country in the total number of factories present in the state.


Size: Fourth largest exporter of software products in the country.

The IT industry is the backbone of the state's economy. Its STPI Noida facility, which was established in 1991, was one of the first STPI centres in the country. The fourth largest exporter of software products in the country, the state’s exports touched US$530 million in 2002-03 with a growth of 27 per cent over the previous fiscal. International giants like HCL, Cadence and CSC have their development facilities in Noida.

Engineering sector

Size: Sales in the machinery sector accounts for 10.5 per cent, transport equipment for 7.7 per cent and the metal sector for 23.1 per cent of the total sales by industries in the state in 2002.

Machinery and equipment5 have the largest share in industrial production in the state. The state has brassware and lock making units in Moradabad and Aligarh respectively. Its production of basic metals and alloys has shown a growth of 123 per cent during 1996-2001.

Many MNCs like Honda, Yamaha and New Holland Tractors have a manufacturing presence in the state.

Mineral based industries

Size: Total sales in non-metallic sector accounts for 24.6 per cent of the sales by industries in the state in 2003.

The state ranks third in the country in the production of non-metallic minor minerals at US$203.3 million in 2001-02. The availability of natural resources spurred the growth of industry in the state. Players in the state include Ambuja cements, Sonabhadra Cement plants and Almorah mini cement plant6 .


Size: Total sales in textiles sector accounts for 12.3 per cent of sales by industries in the state in 2003.

One of the traditional industries in Uttar Pradesh, the textiles industry comprises 58 spinning mills and a total of 74 textile mills in the non-SSI7 sector. The state is known for its carpets and brassware.


Size: Highest number of domestic tourist visits during 1997 to 2003

Uttar Pradesh is known for Agra — the city of the Taj Mahal and Fatehpur Sikri, which is famous for the mausoleum of saint Sheikh Salim Chisti. With a range of beautiful hill stations and a large number of temples, the state boasts of the highest number of domestic tourist visits at 27 per cent of the total within the country during 1997-2003.

Uttar Pradesh as R&D hub and BPO hub

The state has emerged as a hub for R&D institutions in electronics and communications. The emergence of Noida as one of the favourite IT destinations and the availability of good infrastructure supported by the state’s proactive policies has led to the growth of R&D facilities in the state.

Cadence Design Systems’ R&D facility in Noida was set up in 1987 with a strength of 320 engineers. The company has invested about US$100 million since the commencement of its operations and plans to expand by adding 300 engineers.

Adobe's state-of-the-art R&D facility at NOIDA, built with an investment of US$10 million, has filed for 10 worldwide patents8 . The Indian facility is instrumental in developing products for the global market.

ST Micro electronics’ advanced design centre in Noida employs over 950 professionals and has a strong R&D presence in the state. Bharat Petroleum plans to establish its first R&D facility in the state. Yamaha Motors has established its R&D facility at its manufacturing plant, which was instrumental in launching five models of the company.

Uttar Pradesh has leveraged the prowess of its IT industry to emerge as the leading ITES-BPO destination in India. BPO outfits like EXL, the largest in India, and HCL Technologies operate from Noida.

Profiles of key domestic players9

LML Scooters

LML Scooters Ltd, the second largest manufacturer of two wheelers, was incorporated in 1972 in Panki Industrial Estate, Kanpur. The company boasts of 30 per cent market share in volume terms with its popular scooter brand "Supremo". It made net sales of US$190 million during 2003-04. The company is working towards setting up five training schools in different parts of the country to train mechanics and service personnel. It also plans to establish assembly plants in Egypt and Columbia by 2006. Further, the firm is planning to convert half its scooter manufacturing capacity of 500,000 units per year to manufacture motorcycles.

Dabur India

Dabur India was formed by way of amalgamation in 1986. Prior to this, the company was operating under the name Dabur (S K Burman) Pvt Ltd, since 1930, located at Sahibabad, Ghaziabad and Uttar Pradesh. The company has several leading brands like Dabur Chyawanprash, a health tonic with a market share of 70 per cent, and Hajmola, a digestive tablet with a share of 88 per cent. The company recorded a net turnover of US$257 million with a net profit of US$28.3 million in 2003. The company is planning to start a manufacturing unit in Jammu for personal products.

Scooters India

Incorporated in 1972, Scooters India Limited is an ISO 9001:2000 and ISO 14001 Company, situated in Lucknow, Uttar Pradesh. In 1975, the company started its commercial production of scooters under the brand name of Vijai Super for the domestic market and Lambretta for the overseas market with the machinery from Italy. However, in 1997, the company discontinued its two-wheeler production and concentrated only on manufacturing and marketing of three-wheelers. In the fiscal 2004, the company recorded a turnover of US$26.3 million.

Birlasoft Limited

Birlasoft Ltd., division of the CK Birla Group, was founded in 1992-93 as a software-consulting firm and was later renamed with equity participation by GE Capital. The company offers IT services worldwide from development centres in the US, India and Australia. It has 2,000 technical employees and a large number of clients among Fortune 1000 companies. It provides application development and support services in eCommerce, Data Warehousing, Legacy Systems, QA, CRM, RIMS (Remote Infrastructure Management Service) and ERP. The US US$72 million company plans to invest US$15 million and to increase the workforce to 2,500.

HCL Technologies

Headquartered in Noida, HCL is the fifth largest exporter of software from the country currently operating with a workforce size of 2,500. HCLT has witnessed significant growth in the past few years and the gross revenue stands at US$333 million on June 2002. HCLT partners with 370 prestigious organisations in the world, including 40 Global 500 companies. The company, whose BPO operations employ around 1,500, has bagged ISO 9001:2000 and Purdue Benchmark

Jaypee group

The Jaypee group is a well-diversified infrastructural industrial group of India with a turnover of over US$650 million and employs a total workforce of over 25,000. The group commenced its operations in 1972 and has interests in civil engineering, private hydropower, cement, design consultancy, information technology and hospitality. The group executes 13 hydropower projects spread over 6 states of India and neighbouring Bhutan to generate 9,740 MW of power. Cement production in 2003-04 is 3.5 million tonnes, recording a growth of about 40 per cent.

Indo Gulf Fertilisers Limited

Indo Gulf Fertilisers Limited, an Aditya Birla Group company, is among the largest and most cost-efficient private sector fertiliser companies in India. Strategically located in the heart of the Indo-Gangetic plain in Uttar Pradesh, Indo Gulf manufactures and markets urea, a nitrogenous fertiliser. The company enjoys a leadership position in the nitrogenous fertiliser sector, with its strong brand of "Shaktiman" urea, supported by a strong distribution and customer service network. Its marketing areas include Uttar Pradesh, Bihar, Jharkhand and West Bengal, which together account for over 40 per cent of the total urea consumption in the country.

Profiles of key international players 10

EXL service holdings Inc

Exl Service Holdings, Inc., established in 1999, offers comprehensive business process outsourcing services through its subsidiary Exl Pvt. Ltd. With three of the four state-of-the-art facilities in Noida, the company started with a headcount of 147. Currently the firm employs over 2,700 people providing services for global multi-clients with a capacity of 7,500 workstations on a three-shift basis. Nasscom, in its 2002 survey, named EXL the No 1 BPO service provider in India.

4In 1995-96
5Other than transport equipment
6Uranium has been discovered in Southern Lalitpur
7 SSI: Small Scale Industry
8The Adobe India team conceptualised and developed the Acrobat Reader for Palm and Pocket PC. The Indian unit owns some of the key technologies in image and document compression - Adobe Pagemaker 7, Adobe Frame maker and Adobe Photo Deluxe.
9From media sources and company websites
10From media sources and company websites

Adobe Systems India Pvt Ltd

Adobe India commenced its operations in 1998 to augment engineering resources for product development. Currently, the company has a headcount of around 250. An achievement of the subsidiary was the release of PageMaker 7.0 from the India campus in 2001, the first major international Desktop product being engineered from India, which had more than a million downloads. The company has partnered with many software giants such as TCS and WIPRO. It has invested US$100 million till date and accounts for more than 20 percent of Adobe’s annual revenues


Established in 1987, Cadence India, at Noida is the company’s largest R&D site outside the US. Cadence India is a pure R&D centre with investments to the tune of US$100 million till date. This accounts for about 20.5 percent of its annual revenues. Cadence Design Systems plans to expand its R&D facility at Noida by adding 300 engineers to its existing 300-plus staff. Prominent among the products developed here are Checkplus, the interactive design rule-checking tool, libraries for system design and VHDL simulation tools.

ST electronics

STM was established in 1987 under the name SGS-Thomson's and later changed to STM. The company is involved in designing integrated circuit chips in India since 1992 at its Noida facility, the company’s largest design centre outside Europe. The facility has a workforce of around 1,000 and plans to increase it to 1,500, which makes it the largest outside U.S. The company has invested about US$21.5 million in R&D in 2002. The Central Research and Development team in Noida has been a major contributor in the development of the new 90 nanometres CMOS (0.09 micron) design platform.

Computer Sciences Corporation India (CSC)

CSC India, the Indian arm of the US$15 billion Computer Sciences Corporation, a global IT services player, has set up three centres in Noida and plans to set up another. The company is involved in managing information technology operations in International Business Machines (IBM) and Electronic Data Systems (EDS). The company operates with a gross turnover of over US$50 million and about 1,000 professionals. The company is one of the few in the world to attain a CMM Level 5 rating.

Honda SIEL Cars India Ltd

Honda Motors established the company in India in 1997 in collaboration with the SIEL group. The company currently manufactures three models — Honda City, Honda Accord and Honda CR-V with variants. The manufacturing facility located in Noida has a capacity of 30,000 units a year and employs around 1,350. The company plans to invest about US$177 million in the Honda CR-V project. It has achieved a growth of 22 percent in the fiscal year 2002-03. After the launch of the new Honda City, the firm sold 813 units in two days.

New Holland Tractors Pvt. Ltd

New Holland Tractors is a whole subsidiary of The New Holland Machine Company, U.S.A, and is a leading player in the local tractor market. The company has a manufacturing facility in Greater Noida with a production capacity of about 1,000 per annum. The company currently boasts of a 10 per cent market share with revenues of about US$100 million. The company adopted innovative procedures to reduce energy losses and currently operates with 35 per cent less energy with no human intervention.

Yamaha India Ltd (YMI)

Yamaha had its presence in India for two decades as technology provider and later became a 100 per cent subsidiary of Yamaha Motor Company, Japan, in 2001. The company’s research and development division involves model conception, designing, aesthetics, clay making and prototype development. YMI's manufacturing facilities comprises a state-of-the-art plant at Surajpur, which produces 10 models. The company follows 5-S and TPM activities in its manufacturing processes.


Goodlass Nerolac Paints Ltd. (GNPL), the Indian subsidiary of Japan based Kansai Paint Co. Ltd, is the second largest paint company in India with a presence in the decorative paints as well as industrial paints, marine paints and enamels market. The leader in the industrial paints segment, it has a strong presence in automotive paints as it controls 45 percent of the organised industrial paint segment during the fiscal 2003 with a manufacturing plant at Jainpur, Kanpur Dehat. The company operates with net sales of US$164 million.

Ingersoll-Rand India Limited

Ingersoll-Rand India Limited (IRIL) was established in India in 1926 with interests in air solutions and infrastructure. The company’s products were mainly supplied from IR facilities in the United States until the Naroda plant was built in 1965. Ingersoll-Rand Wadco Tools Pvt. Ltd. is a 74:26 (IR:Wadco Group) joint venture with manufacturing facilities at Ghaziabad (near New Delhi). The company manufactures pneumatic tools, air motors, lube pumps and fastener tightening and ergonomic handling systems for IR's industrial solutions sector. Ingersoll-Rand operates with a total turnover of over US$90 million with a market share of around 70 percent in non-coal and over 60 percent in quarrying.

LG Electronics

LG Electronics India Limited (LGEIL) was established in 1997 as a wholly-owned subsidiary of LG Electronics, South Korea. One of the leading companies in consumer electronics, home appliances and computer peripherals in India, it is headquartered in Noida, Uttar Pradesh and operates out of 30 locations across India. A market leader in various segments like colour TVs, microwave ovens, frost-free refrigerators, washing machines and air-conditioners with market shares of 16.4 per cent, 35 per cent, 32.9 per cent, 24.1 per cent and 34 per cent respectively. With a turnover of almost US$1,000 million in India, LGEIL’s sales are increasing with a CAGR of 40 percent over the past five years.

Delphi Automotive System

Delphi is a global supplier to every major Original Equipment Manufacturer (OEM) in the automotive arena. Delphi India operates as a wholly-owned subsidiary of Delphi Automotive Systems Private Limited and was founded in 1995. The company has two manufacturing facilities in Noida. Delphi’s turnover in India has increased from US$63.5 million in 2000 to US$72.1 million in 2002, at a CAGR of 7 percent. Delphi India exports its supplies to the European OEM market.

Daewoo Motors (General Motors)

Erstwhile Daewoo Motors, one of the leading South Korea-based manufacturers of cars and heavy automobiles was taken over by global giant General Motors. Daewoo Motors has established its manufacturing facility in Surajpur near Greater Noida in Uttar Pradesh. General Motors plans to invest US$65 million towards a revival package which will undertake the manufacturing of ‘Matiz’. Daewoo's car manufacturing unit is expected to generate employment for over 100,000 persons, besides providing revenue of nearly US$450 million over the next five years.

Annexure: Websites of important ministries and investment promotion agencies in Uttar Pradesh Government of Uttar Pradesh


Department of industry website


Uttar Pradesh Industrial Development Corporation


This is an agency under the state government for developing industries and industrial infrastructure in the state. UPSIDC is India's premier industrial promotion and infrastructure development undertaking, dedicated to industrial development in Uttar Pradesh. The agency is equipped with highly professionalised services, a single window clearance system and incentives.

New Okhla Industrial Development Authority (NOIDA)


NOIDA has been instrumental in the development of one of Asia’s largest integrated industrial township near New Delhi. The township, which was founded 25 years ago, has state-of-the-art facilities for industrial as well as domestic purposes.

Cost of setting up business in Uttar Pradesh
Land (USD/ hectare )11 381,534
Labour Cost (USD per man year)12 1,607
Occupation Costs (USD/ sq. ft per year) 18.8
Employee Cost (USD/ per man year)13
Team Leads 15,217
Architects 21,739
Project Managers 32,609
Common Heads 32,609
Cost of Capital (Prime lending rate, percent) 14 32,609
Electricity (US cents/ Kwh) 15 32,609
Metropolitan Area 9.4
Non Metro Area 10.1

Sales tax exemptions: Exemption/deferment of sales tax at rates ranging from 100 per cent to 125 per cent of fixed capital investment up to 8 years16.

Indicative list of approvals and clearances required for a new project17

List of approvals and clearances required Departments to be consulted Estimated Time taken (in days)
Issuance of provisional registration (including NOC 18 for 220 types of non polluting SSI19 s) Directorate of Industries Same Day/Instant
Permanent of registration of SSI Directorate of Industries 30 days
Sanction of power load for construction Uttar Pradesh State Electricity Board (UPSEB) 30 days
Sanction of power load for production UPSEB 30 days
NOC for 29 highly polluting type of industries Uttar Pradesh Pollution Control Board (UPPCB) 120 days
NOC for industries other than above 29 and the list of 220 non polluting industries UPPCB 30 days
Grant of Consent to 29 types of highly polluting industries UPPCB 120 days
Grant of Consent to low polluting medium and small scale industries UPPCB 30 days
Temporary registration of trade tax TRADE TAX DEPT. 3 days
Permanent registration of trade tax -do- 30 days
Inspection report for Trade Tax exemption/department -do- 30 days
Decision at Commissioner’s level after submission of Inspection report for Trade Tax exemption/deferment -do- 30 days
Approval prior to construction of factory building/ use as a factory for non-hazardous industries LABOUR DEPT. 30 days
Approval prior to construction of factory building/ use as a factory for hazardous and major hazardous industries -do- 60 days
NOC on Fire Safety from Fire Officer FIRE DEPT. 30 days
Declaration of land as non agricultural REVENUE DEPT. 30 days
Proceedings under section 154 of UP Zamindari Abolition Act -do- 15 days
Grant of License FOOD DEPT. 10 days
Permission/NOC from District Magistrate’s level for storage of HSD FOOD DEPT. 30 days
NOC for grant of license DRUG CONTROLLER 30 days
Drug License -do- 30 days
Allotment assurance from State Excise Dept. STATE EXCISE DEPARTMENT 30 days
Excise License -do- 30 days
NOC from Divisional Forest Officer FOREST DEPARTMENT 60 days
Permission under Urban Land Ceiling Act ELECTRICAL SAFETY DIRECTORATE 60 days
Building Map approval Local/Municipal Developmental Authority 30 days

Contact for Information

Information on markets and opportunities for investment in Uttar Pradesh can be obtained from Confederation of Indian Industry (CII), which works with the objective of creating a symbiotic interface between industry, government, domestic and international investors.

Northern Region
Block No. 3, Dakshin Marg
Sector 31-A
Chandigarh-160 030
Phone : 0172-2602365 / 2605868 / 2607228
Fax : 0172-2606259

Lucknow (Uttar Pradesh)
Plot A, Vibhuti Khand,
Gomti Nagar, Lucknow-226010
Phone: 0522-2721950 to 52
Fax: 0522-2721953
email :

11Land cost has been estimated by computing the average cost of land at various Industrial Parks in Uttar Pradesh
13 KPMG analysis on costing for an IT venture in India
14 Estimated by computing the average Prime Lending Rates of prominent public sector, private sector and foreign banks in India
16UP Trade Tax Department:
17Source: Udyog Bandhu; State single window facility
18 NOC: No Objection Certificate
19 SSI: Small Scale Industry

Paper prepared by KPMG for IBEF