Govt nod for Noida-Dadri authority

IN AN obvious move to cash in on Noida, the State Government on Tuesday decided to set up the Noida-Dadri Industrial Development Authority. It is to be named Greater Noida Phase-II.

This will be the third such authority after Noida and Greater Noida. The new authority will be nearly two and a half times the size of Noida covering nearly 183 villages. A decision in this regard was taken at a State Cabinet meeting that Chief Minister Mulayam Singh Yadav chaired at his Lal Bahadur Shastri Bhawan annexe office. The decision comes after the announcement of a package of concessions to check flight of capital to Uttaranchal.

Briefing media persons, Chief Secretary Naveen Chand Bajpai said objectives to set up the new authority included regulation of building activities, promotion of trade and commerce and providing an investor-friendly environment to entrepreneurs. The new authority will have 16 villages of Secunderabad tehsil in Bulandshahar, three villages of Ghaziabad tehsil, 83 villages of Hapur tehsil in Ghaziabad, 80 villages of Dadri tehsil in Gautam Buddha Nagar and six villages of Bulandshahar tehsil in Bulandshahar.

The State Cabinet also approved the recommendations of the Public Investment Board with regard to modernisation of Rampur Sugar Mills of the UP State Sugar Corporation. The National Federation of Cooperative Sugar Factories had prepared a project report to increase the capacity of the sugar mill from the existing 1250 tcd to 2500 tcd. This could be ultimately raised to 13500 tcd. Out of Rs 61.50 crore that the State Cabinet sanctioned for modernisation, 50 per cent will be capital investment while the remaining 50 per cent loan.

The Cabinet also approved a proposal to limit stamp duty to Rs 100 on deeds signed to mortgage properties of degree colleges set up by private managements under the self-finance scheme.

The Cabinet also approved a compounding scheme of trade tax levied on by-products of vegetable oil. It decided to extend the distribution of weaning food to nearly 2.61 crore children and women against the existing figure of 98 lakh. The decision will cover all pregnant women and teenaged girls living below the poverty line and other poor women. A sum of Rs 400 crore will be spent on implementing the scheme in accordance with an Allahabad High Court ruling of October 7, 2004. The Cabinet decided to transfer 100 acres of Jal Sansthan land to set up a medical college at Jalaun.