The Uttar Pradesh government has approved the Private Business Park Development Scheme 2025, aiming to accelerate commercial real estate development and attract global firms.
The policy focuses on enabling private developers to build plug-and-play business parks with ready-to-use infrastructure, reducing delays and cost overruns for companies setting up operations. These parks are expected to cater to a wide range of occupiers, including R and D centres, Global Capability Centres, and corporate offices.
According to Alok Kumar, additional chief secretary for infrastructure and industrial development, the scheme will complement existing investment policies by creating modern, operationally ready business environments. It is also expected to generate employment, support MSMEs and start-ups, and promote industrial clustering.
Projects will be developed under a Design, Build, Finance, Operate and Transfer model, with a concession period of 45 years, extendable further. A minimum land requirement of 10 acres has been defined, with flexibility based on site conditions.
As competition for investment intensifies, the initiative is expected to create new business hubs and strengthen Uttar Pradesh’s position as a preferred destination for large-scale investments.
