The concept of a flatted factory consists of commercial structures with more than one floor. The designs usually are partitioned right into independently occupied units utilized for production, setting up, and connected storage space.
The complex will be located at a range of 10 kilometers from the Agra-Lucknow Expressway, hence offering a simple connection to industries beyond Agra and UP. Spread over 5 acres, the Rs 125 crore task will consist of 68 commercial units spread throughout four suggested facilities.
The flatted factory facility’s roadmap is prepared at Foundry Nagar, Agra, to permit establishing a large number of industries in a limited space. The UP State Industrial Development Authority presented a revised financial investment policy to enable flatted manufacturing facilities, multi-storey structures in which non-polluting sectors can run. The complex will provide different lifts for passengers as well as products. Other facilities consist of a ramp for light automobiles, meeting hall, conference room, food court, vehicle parking, a telecommunication center as well as an optical fiber network.
Since the complex will be situated within the city, the goods would be easily supplied to the markets, while providing job opportunities to a large number of people,” adding the project had been prepared after taking feedback from local industrialists and entrepreneurs. – said UP Additional Chief Secretary Navneet Sehgal
The new investment policy is focused on allowing flatted factory facilities to run, multi-storey structures in which non-polluting industries can run. Based on the policy, a minimum land demand of 5 acres has been established to advance such a manufacturing facility that cannot be created in a residential area or mixed land use area. The model can be just embraced for non-polluting production units allowed by the Industrial Development Authority.
The policy is anticipated to not just enhance existing and new commercial tasks, but also position UP strategically for potential worldwide capitalists preparing to change their production bases out of China following the breakout of pandemic and ongoing US-China trade war.
Following the lockdown, close to 3.8 million migrant laborers and workers have returned to UP from various other states, specifically Eastern and central UP areas. The new policy of creating flatted factory complexes is targeted at increasing industrialization in these areas, to ensure that the mass of the migrant labor force can be provided with employment opportunities locally.