Current Affairs - State - Discussion

Uttar Pradesh approved the Uttar Pradesh Private Business Park Development Scheme 2025 on March 23, 2026, with the objective of attracting global investments and reducing project implementation delays. The scheme follows a Public-Private Partnership (PPP) model based on the Design, Build, Finance, Operate and Transfer (DBFOT) framework. Developers must have a minimum land requirement of 10 acres, while 50% of the business park must be reserved for IT and knowledge-based industries. The initiative aims to provide plug-and-play infrastructure for Global Capability Centres, research and development units, and MSMEs. Land ownership will remain with the state’s Industrial Development Authorities.